Everett, MA A.W. Perry, a Boston- based real estate investment and development firm, completed the acquisition of a 6,500 s/f office and industrial building on a 21,000 s/f lot located at 15 Garden St.
The city is an ever-growing urban submarket in the Boston area. The booming commercial and residential market and accessibility to Boston have made the area an ideal location for new development as well as a destination for life science and pharmaceutical companies.
The property is adjacent to A.W. Perry’s existing properties at 373 and 383 Second St., a 20,000 s/f industrial building on a 1.58-acre lot which Perry purchased in 2017.
This purchase also follows another one of the firm’s acquisitions in the Boston metro-north sub-market, a 17-acre industrial campus in Lynn’s waterfront district.
“This is an exciting addition to A.W. Perry’s portfolio,” said Robert Maloney, EVP and managing director of acquisitions at A.W. Perry. “This transaction continues the Company’s expansion in Everett and our growing presence in Boston’s key submarkets. We look forward to working with the City of Everett on the future redevelopment of our site.”