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.
DH Property Acquires Malden Industrial Site, Plans 94K-SF Distribution Facility
DH Property Holdings, LLC, has acquired an industrial development site at 735 Broadway in Malden, MA. The purchase marks DHPH’s third industrial acquisition in Boston with a total capitalization of $107 million across 362,000 square feet of space and the first asset acquisition from the firm’s newly launched DHPH IDF I LP.
A Newmark team of Brian Pinch, Tony Coskren, Ed Jarosz, Rick Schuhwerk, Matt Pullen, Samantha Hallowell and Jim Tribble was involved in the transaction.
The fully entitled, five-acre industrial zoned property will be developed into a 94,095-square-foot, Class A industrial facility in a joint venture with local developer Pugh Management. Tthe facility will support 23 dock doors and a drive-in. It will also have 32-foot clear ceiling heights and parking space for 107 vehicles.
The site is located seven miles from downtown Boston as well as Boston Logan Airport and has direct access to US-1 and US-99.
- ◦Sale/Acquisition
- ◦Development
