Galvanize Real Estate (GRE), the sustainable real estate strategy of global asset manager Galvanize, has acquired the Liberty Logistics Portfolio, a three-property, 360,000-square-foot industrial portfolio located in the Metro West and Metro South areas of Boston. The acquisition for an undisclosed sum marks GRE’s first in Massachusetts and expands the strategy’s portfolio to 3.2 million square feet nationwide.
“Boston has consistently stood out to us as a compelling market, driven by its strategic location and deep pool of skilled talent that can support the local blue-chip manufacturing industry,” said Joseph Sumberg, managing partner and head of Galvanize Real Estate. “We are pleased to enter this critically important and dynamic market by acquiring three high-quality assets, each of which is primed to benefit from our differentiated program of value creation through decarbonization.”
GRE’s business plan for the Liberty Logistics Portfolio includes a mix of electrification initiatives, energy reduction opportunities, onsite renewable energy generation and battery storage
