Realterm buys Milford trucking facility for $6M
Photo | Courtesy of Realterm
Realterm purchased this Milford trucking site for $5.8 million in June.
Realterm, an independent global investment firm headquartered in Maryland, has purchased a 7.2-acre outdoor storage and truck maintenance facility in Milford for $5.8 million.
Located at 130 Quarry Drive, the site is leased to Florida-based trucking firm Ryder and New Jersey-based PLM Fleet, according to a Realterm press release issued Monday. The property contains a 14,240-square-foot maintenance building with nine drive-in shop doors, as well as a drive-through wash bay and a fueling station.
The property was sold by an entity managed by Natick-based NAI Parsons Commercial Group - Boston on June 6, according to Worcester District Registry of Deeds records.
Realterm was interested in the property due to the strong demand for properties of this type in the Interstate 495 belt and the property’s location near key transportation routes.
“Boston remains a strong industrial real estate market, with significant demand from tenants and institutional investors, particularly for quality, in-fill properties,” Ed Brickley, Managing Director, Senior Fund Manager for Realterm, said in the press release. “The increased demand for, and limited supply of functional industrial outdoor storage maintenance facilities makes this a compelling investment opportunity.”
Realterm focuses its investments on transportation-related facilities, with 35.6 million square feet of buildings and $12.7 billion in assets under its management, according to the firm’s website. This includes a 109,895-square-foot FedEe air cargo facility at 300 Century Drive in West Boylston.
The property at 130 Quarry Drive received a 2025 tax assessment value of $2.83 million, according to Town of Milford property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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