Nutter Represents Condyne Capital Partners: BlueStar Business Park Acquisition Will Spur Economic Growth in SE MassachusettsPrint PDF
Nutter recently represented Condyne Capital Partners in a joint venture with an investor account advised by UBS Realty Investors LLC in a $2.2 million acquisition of two remaining parcels in the BlueStar Business Park in Norton, MA. The acquisition of these two parcels, which total more than 160,000 square feet, means that the joint venture now controls the entirety of BlueStar Business Park. The 848,000 square foot industrial park spans across 190 acres, and comprises 12 high bay warehouse, fulfillment, flex industrial and manufacturing buildings, in addition to ancillary retail and business services space.
The Park’s location in a business-friendly section of Southeastern Massachusetts is poised to fuel economic growth in an area with a strong regional labor base attracted to work opportunities close to home. Nutter is pleased that Condyne Capital Partners will have the opportunity to see their plan to fruition and create exceptional value for the region’s business community.
BlueStar Business Park puts a priority on mitigating high-tech energy consumption. Efficient buildings reduce greenhouse gases and accommodate free charging stations for electric cars, which make up an increasing percentage of vehicles on the road. Accessible solar power keeps natural gas and electric consumption low, despite the power needs of the Park’s innovative residents.
The Nutter team was led by Paul Ayoub, Wendy Fiscus, and Robert Fox in the Real Estate Department. Nutter’s real estate attorneys provide expertise, both nationally and regionally, on a wide range of legal challenges surrounding all types of real estate, including the most complex transactions and developments. The team has broad experience covering real estate transactional and finance work, as well as related entitlement, land use, and environmental matters crucial to the BlueStar Business Park deal. Owners, operators, lenders, developers, and others involved in real estate-related transactions frequently turn to Nutter for legal advice and services.
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, early stage entrepreneurs, institutions, foundations, and families, across the country and around the world. The firm’s business and finance, intellectual property, litigation, real estate and land use, labor and employment, tax, and trusts and estates practices are national in scope. The firm was co-founded in 1879 by former U.S. Supreme Court Justice Louis D. Brandeis, before his appointment to the Court. For more information, please visit www.nutter.com and follow the firm on LinkedIn.