LaSalle Property Fund Buys 345K-SF Distribution Center in Bellingham
Newmark has completed the sale of Bellingham Distribution Center, a Class A industrial asset located in the suburban Boston community of Bellingham, MA.
Robert Griffin, Edward Maher, Matthew Pullen, Tony Coskren, Brian Pinch and Samantha Hallowell of Newmark represented the seller, Barings, and procured the buyer, LaSalle Property Fund. Nickolas Revers of Newmark provided financial analysis support.
Totaling 345,000 square feet and completed in 2021, Bellingham Distribution Center features a full-building lease to TriMark. The tenant is the largest distributor of equipment, supplies and design services for the foodservice industry across the US.
Bellingham Distribution Center, located on Mechanic Street, features tilt-up construction, 36’ clear heights, 70 loading docks and 50 trailer storage spaces. The asset is in an established industrial cluster off Interstate 495 with swift access to Interstates 90 and 95.