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Boston & New England  + Industrial  |  November 6, 2020
David Cohen
By: David Cohen

CBRE Brokers $64M Sale of Industrial Portfolio in Methuen

CBRE has brokered the $64.1 million sale of two industrial buildings totaling 362,252 square feet in Methuen, MASS.

Located at 100 and 200 Danton Dr. in the West End neighborhood of Methuen, the two properties are approximately 29 miles north of downtown Boston. The property at 100 Danton Drive is a cold storage facility that was completed in 1985 and features a total of 291,400 square feet. It is fully leased to Shaw’s through October of 2022. The property at 200 Danton Drive was built in 1989 and totals 70,872 square feet. It is fully leased to McCollister’s Transportation Group.

Scott Dragos, Douglas Jacoby, Chris Skeffington and Daniel Hines of CBRE represented the seller, Equity Industrial Properties, in the transaction. The buyer was Starwood Capital Group.

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: Starwood Capital Group
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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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