Marcus & Millichap Arranges Sale of 107K-SF Industrial Facility in Lawrence
Marcus & Millichap has arranged the sale of a 106,693-square-foot industrial facility in Lawrence, MASS. The sales price was reported as $3 million.
The property is located within a qualified opportunity zone approximately 1.7 miles from Interstate 93. The property was built around the turn of the 20th century and renovated in 2002.
Harrison Klein and Luigi Lessa of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also undisclosed. The property was sold via online auction in conjunction with Evan Koransky at Ten-X.
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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