BOSTON–Realterm, a global investment manager specializing in transportation-related real estate, announced the acquisition of a high-quality industrial outdoor storage (IOS) facility located at 130 Quarry Drive in Milford, Massachusetts.
The 7.2-acre site, currently leased to Ryder and PLM Fleet, includes a 14,240-square-foot maintenance building with nine drive-in shop doors—four of which are drive-through bays—as well as a drive-through wash bay, fueling station, and secure, well-lit grounds. The property features multiple access points, supporting efficient ingress and egress for heavy-duty vehicles.
Situated just minutes from the I-495 corridor and 10 minutes from the I-90 Massachusetts Turnpike, the facility offers direct connectivity to downtown Boston in under 40 minutes. According to Realterm, the strategic location enables access to more than seven million consumers across the greater Boston metropolitan area.
“Boston remains a strong industrial real estate market, with significant demand from tenants and institutional investors, particularly for quality, in-fill properties,” said Ed Brickley, Managing Director and Senior Fund Manager at Realterm. “The increased demand for, and limited supply of functional IOS maintenance facilities makes this a compelling investment opportunity.”
Located in the Western I-495 submarket, 130 Quarry Drive is positioned between two major industrial nodes, a location increasingly sought after by logistics and fleet operations due to its ability to efficiently serve both northern and southern Boston submarkets. The site also allows for seamless access across the broader New England region.
“This property exemplifies the functional, high-quality maintenance facilities that are increasingly scarce in the Boston market,” added Nick Dupuis, Vice President of Investments for Realterm’s Northeast Region. “This acquisition is a key addition to our portfolio in the greater Boston metropolitan area. We are actively searching for more well-located and functional IOS properties throughout the region.”
The acquisition further solidifies Realterm’s growing footprint in high-demand logistics and transportation hubs across the Northeast.
