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Nuveen Snags Milford Industrial Facility for $52M

Nuveen Global Cities REIT has acquired One National, a 300,000-square-foot warehouse in Milford, MASS. The sales price was $52 million.

Located at 1 National St., the 34-acre property was built in 1972. The warehouse is currently fully-leased to Amazon on a long-term, triple-net lease. The e-commerce giant uses the property as a middle-mile sorting center. The site is nearby I-495 and is approximately 36 miles southwest of downtown Boston.

The property most recently sold in 2018, when Ardagh Group sold it for $4.1 million. In 2019, New Mill and Odyssey invested $7.5 million in capital improvements to the property, which previously served as a glass bottle plant.

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About David Cohen

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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