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APCA Buys 217,000-SF Complex for $17M

CANTON, MA-The 15-building flex/industrial park is the latest Northeast investment by the Boston-based real estate fund.

By Joe Clements | Updated on May 16, 2008

CANTON, MA-A 15-building flex/industrial complex here on Greater Boston’s South Shore has been acquired by the APCA Property Fund I for $17 million. The figure equates to just under $78 per sf for the 217,000-sf Neponset Valley Tech Park at 480 Neponset St., a 16-acre site adjacent to Interstate 95.

Created by Paradigm Properties of Boston and the Ashforth Co., APCA Property Fund I continues to secure new assets throughout the Northeast, including an 85,000-sf industrial building in Philadelphia whose $7.7 million purchase was previously reported by GlobeSt.com. The fund already has a substantial stake in southeastern Massachusetts, owning properties in Bellingham and Norton, plus a 70,000-sf flex/industrial building, bought for $6.7 million, as reported by GlobeSt.com.

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