A Pennsylvania-based real estate firm has purchased four industrial properties off of Route 9 in Westborough for a combined $95.2 million.
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A Pennsylvania-based real estate firm has purchased four industrial properties off of Route 9 in Westborough for a combined $95.2 million.
EQT Real Estate purchased the four last-mile logistics properties from New York-based Brookfield Property Group, according to an EQT LinkedIn post on Thursday.
The four properties involved in the deal were:
- 10 Otis St., a property featuring a 73,710-square-foot warehouse, sold for $13.75 million, according to Worcester District Registry of Deeds records.
- 25 Otis St., a property featuring a 106,964-square-foot warehouse, sold for $23.7 million.
- 27 Otis St., a property featuring a 107,221-square-foot-warehouse, sold for $20.45 million.
- 1-5 Sassacus Drive, a property featuring a 164,387-square-foot warehouse, sold for $37.3M, according to CoStar.
“Positioned directly off Route 9 with immediate access to I-495, I-90, and I-290, the portfolio sits within one of the region’s most connected and supply-constrained industrial corridors,” EQT’s LinkedIn post reads. “Surrounded by a deep labor pool and a concentration of technology, life sciences, and advanced manufacturing users, the Metro West / Boroughs area continues to outperform the broader Greater Boston market and remains one of the highest-barrier, most strategically situated industrial locations in New England.”
With U.S. offices in Pennsylvania, EQT Real Estate is a firm mostly focused on industrial properties, with a portfolio concentrated on the United States and Europe, according to CoStar. The firm is a subsidiary of Sweden-based investment group EQT AB.
Brookfield Property Group is a New York-based subsidiary of Canada-based Brookfield Corp.
The sale of the Otis Street properties finalized on Wednesday, according to registry records. The Sassacus Drive property sale has appeared in registry records.
The four properties received a combined 2025 tax assessment value of $35.2 million, according to Town of Westborough property records.
Chris Skeffington, Scott Dragos, Roy Sandeman, Daniel Hines, and PJ O'Reilly of Dallas-based CBRE Capital Markets served as the brokers for the deal, according to EQT.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
