Albany Road Fund Buys Milford Industrial Complex
The commercial property on Quarry Road sold for $10 million in an all-leased transaction.
Updated on Oct. 29, 2026 in Commercial
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Albany Road Strategic Opportunity Fund LLC has acquired the industrial complex located at 260-284 Quarry Road in Milford for $10 million. The 85,821-square-foot facility is currently fully occupied by a roster of commercial tenants.
Why it matters
The acquisition reflects continued investor interest in industrial properties that maintain full occupancy despite recent valuation fluctuations. The asset is expected to benefit from rising rental rates in the current market environment.
The property spans 7.74 acres and features 85,821 square feet of space with 100% leased occupancy. Tenants include Service Source Inc., RCW USA, Onofreo Home Comfort Systems, and City Floors of New England.
The players
Albany Road Strategic Opportunity Fund LLC
This is a real estate investment entity managed by Albany Road Real Estate Partners based in Dedham, Massachusetts.
CBRE
This is a global commercial real estate services and investment firm that managed the brokerage for this transaction.
LM Real Estate Partners
This is an investment management company that oversaw the previous ownership entity for the Quarry Road property.
The details
Brokerage firm CBRE represented the seller and secured the buyer for the deal, which involved entities managed by Albany Road Real Estate Partners and LM Real Estate Partners. The site previously changed hands in 2020 when LM Quarry Road II purchased the buildings.
Timeline
The property was purchased by LM Quarry Road II in 2020.
The facility received an appraisal valuation in 2025.
Albany Road Strategic Opportunity Fund LLC closed the purchase in October 2026.
Culture Shift
The sale highlights the ongoing industrial real estate sector trend of rising rental rates that continues to drive value for well-leased commercial assets. This shift underscores a broader preference among investors for yield-generating properties over speculative real estate developments.
The transition to new ownership for this fully leased industrial complex indicates continued stability for the local business tenants currently occupying the space. Residents and local businesses may see ongoing commercial activity at the site as the new owners aim to maximize rental revenue.
The takeaway
Commercial property investors are increasingly betting on industrial assets with long-term lease agreements to provide reliable income streams. Prospective commercial tenants should monitor rising rental trends as property owners leverage high occupancy rates to adjust market prices.
Further reading
Find more insights on the local property market in our Milford Commercial section.
Live Poll
Is private equity investment in local industrial properties generally positive for your community?
