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.
- ◦Sale/Acquisition