Wheelock Street Capital in conjunction with The Seyon Group have formed a joint venture for the purpose of acquiring $300 million in industrial real estate assets in prime Northeast markets. The partnership has already spent $32 million for the procurement of 26 Dartmouth Street in Westwood, MA., a 200,000 sqf industrial building located adjacent to Westwood’s University Station, a mixed-use retail and residential property anchored by a Wegmans and Target and a portfolio of light industrial buildings on Shawmut Road in Canton, MA aggregating over 100,000 sqf.
“Each of these properties were acquired off-market and are highly representative of the strategy we plan to execute with Wheelock,” commented Andrew Iglowski, Managing Partner at Seyon. “There were a number of qualitative aspects we considered when seeking a strategic partner. Wheelock’s ability to move quickly and think creatively were key attributes, and we expect to significantly increase the size of our portfolio with them in the near future.”
