Calare Properties Acquires 35-Acre Industrial Campus in Bridgewater

FRAMINGHAM, MA – Calare Properties (Calare) has closed on the acquisition of 35-55 Scotland Blvd., a well-positioned industrial campus in Bridgewater, MA. The portfolio consists of 4 high-bay warehouses positioned throughout 27.2 acres, together with an 8.5-acre website primed for growth. The monetary phrases of the acquisition weren’t disclosed.

“This buy presents a uncommon alternative to spend money on and improve a well-maintained industrial portfolio whereas additionally providing a platform for progress with a future potential growth website,” Todd Barclay, SVP of Acquisitions at Calare. “Positioned solely minutes from Route 24 and Interstate 495, the Scotland Boulevard campus serves as a great house for warehousing, distribution, manufacturing, and extra.”

Spanning 279,100 sq. ft., the 4 warehouse buildings are totally leased, with tenants together with Barrett Distribution, Management 7, Fibertec, Johnson & Johnson, and Winsupply.

• 35 Scotland Blvd: The 52,500 sq. ft. constructing is positioned on 5.9 acres and is 100% leased to 1 tenant.

• 45 Scotland Blvd: The 80,000 sq. ft. constructing is positioned on 7.7 acres and is 100% leased to 1 tenant.

• 50 Scotland Blvd: The 90,600 sq. ft constructing is positioned on 6.3 acres and is 100% leased to 1 tenant.

• 55 Scotland Blvd: The 56,000 sq. ft. constructing is positioned on 7.3 acres is 100% leased to 3 tenants.

“Elevated demand for industrial product coupled with inadequate provide has contributed to occupancy good points all through 2022 and emptiness charges stay within the low single digits”, famous Albert Manley, VP at Calare. “We proceed to give attention to buying and growing well-located, extremely practical industrial property like Scotland Blvd.”

Calare has acquired or developed a variety of business property within the northeast and continues to develop its portfolio as heavy demand and low provide create document low emptiness charges and document excessive rental charges.

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