Real estate portfolio sold for $516m
August 16, 2007 08:19 AM
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A joint venture announced the $516 million acquisition of an industrial real estate portfolio that includes many Massachusetts properties from Equity Industrial Partners Corp. of Needham.
The joint venture was formed by KBS Real Real Estate Investment Trust of California, which said that Hackman Capital Partners and Calare Properties of Hudson have a 20 percent stake in the portfolio.
The portfolio includes properties in Chicopee, Westfield, and Tewksbury, KBS said.
(By Chris Reidy, Globe staff)
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