Client Success

Sherin and Lodgen represents First Highland Management in the sale of Boston Dedham Commerce Park

December 2, 2020

Sherin and Lodgen represented an affiliate of First Highland Management and Development Corp. in the $76 million sale of the Boston Dedham Commerce Park, located in the Hyde Park neighborhood of Boston and Dedham, MA. The urban industrial park is comprised of five buildings with rooftop solar panels, totaling 654,050 square feet of Class A industrial space, currently leased to 34 diverse tenants. The buyer is affiliated with Griffith Properties, LLC.

The S&L team was led by Ronald W. Ruth, partner and chair of the firm’s Environmental Group, and included Daniel C. Johnston, associate. In addition to the sale, S&L had previously represented First Highland on financing and leasing matters for the property.

About First Highland Management & Development

First Highland Management and Development Corp. is a Boston-based industrial real estate development firm with innovative specialties including acquisition, reposition, redevelopment, new construction, property & asset management, and third-party logistics/distribution services.  First Highland’s innovative, adaptive approach and experience has led to the successful development and redevelopment of over 12 million square feet of industrial property in the Midwest and Northeast markets.  With over 125 years of combined experience of its principals & management team, and with a history of responsiveness to its customer base of businesses, brokers, and owners, First Highland is well-positioned for the industrial opportunities of the future.