Davis Cos. Buys 156,276 SF Industrial Flex Portfolio in Metro Boston for $44.2M


Pictured is the industrial flex building at 37 Upton Drive in Wilmington, one of the assets in The Davis Cos' newly acquired Massachusetts portfolio.

WILMINGTON AND METHUEN, MASS. — Locally based investment firm The Davis Cos. has purchased a portfolio of four industrial flex properties totaling 156,276 square feet in Wilmington and Methuen, two northern suburbs of Boston, for $44.2 million. The sale also included a fully entitled development site that can support up to 235,000 square feet of new product. Kerry Hawkins of JLL represented the seller, PGA Realty Co., a family-owned investment firm based in Massachusetts. The portfolio was 100 percent leased at the time of sale.

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