Atlantic Management buys fully leased warehouse in Devens, MA

A joint venture formed by Hackman Capital Partners, Calare Properties and KBS Real Estate Investment Trust has closed on the disposition of an industrial building in Devens, Massachusetts. The 236,505 sqf, multi-tenant industrial facility is situated inside the Devens Commerce Center, a 4,400 acre master-planned business park. The buyer, Framingham-based Atlantic Management Corporation, bought the asset located at 50 Independence Drive for an undisclosed amount. At the time of the sale, the facility was 100-percent leased. Brian Fiumara and Brad Ruppel of CBRE National Partners represented the seller during the sale. “50 Independence Drive offers a prime location along Route 2 and robust, high-capacity amenities for distribution,” said Michael Hackman, founder and CEO of Hackman Capital Partners.