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Cushman & Wakefield Arranges $107.5M Sale of Industrial Portfolio Dubbed Yard 5

Jayden Lapin-Tatman • 9/1/2022

Boston, MA – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of Yard 5, a three-building industrial portfolio totaling 196,000 square feet located on Industrial Drive in Boston. The sale price was $107,500,000.
Cushman & Wakefield’s Dave Pergola, Brian Doherty and Pete Rogers, with help from local leasing specialists Rob Byrne and Jim Murphy, represented the seller, First Highland Management & Development, in the transaction. The property was acquired by Intercontinental Real Estate Corporation.

“Yard 5 features best-in-class new construction that allows for a myriad of uses including warehouse, flex and R&D,” said Doherty. “The transit-oriented portfolio is well-positioned to capture rental growth upside and is currently 100% leased to a diverse and strong credit rent roll.”

Yard 5 consists of three buildings totaling 196,000 square feet of high-bay industrial and research space featuring 28-foot clear heights. In addition to the three existing buildings, the portfolio includes two land parcels totaling approximately 7 acres.

Yard 5 is located at the MBTA’s Readville station just south of Boston with convenient access to Interstate 95 and Route 128, providing easy connection to all Greater Boston major thoroughfares.

A photo of the asset can be downloaded here.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit

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