Grossman Cos. affiliate buys Mansfield industrial building for $7.05m
Set on 15 acres of land near the near the intersection of I-95 and I-495, the building at 60 Maple St. has 225,000 square feet of space, and it is 70 percent leased, said Grossman, a Quincy-based commercial real estate brokerage, development, and management firm. The seller, Calare Properties, is an industrial property specialist based in Hudson.
In a statement, Jake Grossman, who oversaw the acquisition for the family-owned business, said that the property, adjacent to the Cabot Industrial Park, “is well located, functional, and offers convenient rail access.”
The building’s tenants include DGS Retail, manufacturer of signage for many national retailers; Ameristar Fence Products, regional distribution center for one of the largest ornamental fence manufacturers in the world; and GF / Guardian Fall Protection, a major scaffolding supplier based in Washington state. Nearly 68,000 square feet of space is still available for lease. The building offers ample loading docks, outdoor storage space, and 21-foot clear ceilings.
Representing the buyer and seller in the transaction was Robert Gibson, executive vice president/partner of CBRE / New England, who has been hired by Grossman to serve as exclusive leasing agent. Brookline Savings Bank provided a $3 million acquisition loan for the buyer.Chris Reidy can be reached at email@example.com.