Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Boston & New England  + Metro Boston  + Industrial  | 
300 River Park Drive industrial building in North Reading, MA

CushWake Brokers $83M Sale of Industrial Property in North Reading

Cushman & Wakefield has arranged the sale of 300 Riverpark Drive, a 228,921-square-foot R&D and industrial property located in North Reading, MA.  The sale price was $82.6 million.

Cushman & Wakefield’s Dave Pergola, Brian Doherty and Pete Rogers represented the sellers, Lincoln Property Company, the Ritz Banc Group and Ibdar Capital.  Wheelock Street Capital and Camber Development acquired the asset.

The fully leased property is utilized as the corporate headquarters of a company that manufactures mobile robotic fulfilment systems and houses several mission critical operations, including product development and prototype manufacturing business lines.

300 Riverpark Drive is situated on over 20 acres of land in a modern, master-planned corporate campus comprised of seven buildings. The asset features new lobby and office space, robust power and sewer capacity, multiple levels of mezzanine infrastructure and parking and loading spaces.

300 Riverpark Drive is located Interstate 93 for direct access to Boston and Cambridge.

Connect

Inside The Story

Cushman & Wakefield

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
New call-to-action