Cregan and Barry of CBRE sells two industrial facilities totaling 257,390 s/f for $8.62 million

March 08, 2019 - Rhode Island
Daniel Cregan, CBRE

 

373 Market Street - Warren, RI

 

Thomas Barry, CBRE

 

Warren, RI CBRE completed the sale of 15 New Industrial Rd. and 373 Market St. 15 New Industrial Rd. sold for $4.375 million to Mussuchuck Properties LLC, and 373 Market St. sold for $4.25 million to The Pearson Complex LLC. The properties are located in the East Bay area with access to I-195 and Rte. 136 (Market St.). Located within the Warren Industrial Park, 15 New Industrial Rd. is a 64,294 s/f  high-bay facility located on 11.6 acres. 373 Market St. is a 193,096 s/f facility located on 23.04 acres of land. 

15 New Industrial Rd. was most recently occupied by FedEx. Jade Plastics, the firm that will be occupying 15 New Industrial Rd., has been operating in the East Bay area for many years, and their relocation to a larger facility will allow for continued growth. The 373 Market St. transaction was a sale to an owner-user who intends to use 93,096 s/f of vacant space coupled with a NNN leased space of 100,000 s/f, representing the balance of the building. 

CBRE’s Daniel Cregan and Thomas Barry represented the sellers and procured the buyers.

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