Feb
08

Hackman, Calare Pocket $124M on 10-Property Industrial Sale

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The partners sold the 2.9 million-square-foot group of predominantly warehouse and distribution facilities to Winstanley Enterprises.
1111 Southampton Rd. in Westfield, Mass.
1111 Southampton Rd. in Westfield, Mass.

Los Angeles and Boston—Hackman Capital Partners LLC and Calare Properties Inc. continue their profitable disposition of assets from an industrial portfolio acquired a decade ago, with the sale of 10 properties in Connecticut and Massachusetts. The partners sold the 2.9 million-square-foot group of predominantly warehouse and distribution facilities to Winstanley Enterprises LLC for, according to Hartford Business Journal, $124 million.

“We repositioned the properties and attracted premier tenants. We’re thrilled with the results,” Michael Hackman, CEO of Hackman Capital Partners, said in a prepared statement. Commercial real estate services firm CBRE National Partners represented the Los Angeles-based Hackman and Boston-based Calare in the transaction…

Hackman, Calare Pocket $124M on 10-Property Industrial Sale

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