Berkeley Partners and Invesco's real estate investments have made their first move under a new joint venture partnership, which was put together by JLL. The two have teamed up to recapitalize a four-asset flex industrial portfolio.
The portfolio takes up a total of 217,217 square feet, with the following properties included: 23 Rainin Rd in Woburn, 244 Vanderbilt Ave. in Norwood, as well as 33 and 37 Manning Rd in Billerica.
All of which were previously operated by Berkeley and are within 30 minutes of Downtown Boston. Also, the portfolio is 100 percent leased to seven tenants, whose industries include imaging technology and printing, aerospace, aviation technology, mobility, advanced manufacturing, logistics, as well as scientific instruments and sensors.
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