Brookfield Buys 4-Property North Reading Industrial Portfolio
One of the world’s largest real estate investors has added four Boston-area industrial properties to its extensive portfolio.
Brookfield Property Partners purchased the buildings in North Reading, bringing its total Boston-area logistics real estate holdings to more than 760K SF, according to its website. Brookfield paid $40M for the four properties and a 1-acre parcel of land, Banker & Tradesman reports.
The four industrial facilities, located at 23, 29, 35-37 and 45 Concord St., total approximately 286K SF, according to a release from JLL, which brokered the off-market sale.
Massachusetts land records show 29 Concord was valued this year at more than $7.3M, 37 Concord was valued at more than $6.35M and 45 Concord was valued at more than $2.7M. Records were not available for 23 Concord. The buildings are fully leased to multiple tenants.