Marcus Partners has sold a Boston-area industrial portfolio for $167M, a rare nine-figure deal in what has become an increasingly slow market.
The firm announced Thursday it sold six warehouse distribution buildings totaling more than 1M SF. It didn’t disclose the buyer, but the Boston Business Journal reported it was Westbrook Partners.
The portfolio consists of three buildings in Franklin — 176, 206 and 210 Grove St. — plus buildings at 1 First Ave. in Peabody, at 17 Gilmore Drive in Sutton and 57 Littlefield Ave. in Avon. Marcus developed the 206 Grove St. building and fully leased it to UPS, and it assembled the rest of the portfolio between 2019…