News:
Brokerage
Posted: January 26, 2018
Avison Young brokers $11.05 million sale of 67 Pacella Park Drive
Randolph, MA Avison Young has brokered the sale of 67 Pacella Park Dr., a 162,765 s/f industrial warehouse and distribution facility. According to the Registry of Deeds, it sold for $11.05 million.
The building is fully occupied by Brewster Home Fashions, which will remain a tenant under an existing long-term lease.
The Avison Young team representing the seller, global investment advisor Deutsche Bank, included Scott Jamieson, a principal of Avison Young; Tom Aitken, a senior vice president in the firm’s Boston office; and Brandon Dickason, a vice president in the company’s Boston location. Avison Young also procured the buyer, Winstanley Enterprises LLC, a vertically integrated commercial real estate investment firm.
“This was a highly competitive process that demonstrated the strong demand from investors for inner-market warehouse and distribution space,” said Jamieson.
67 Pacella Park Dr. is a single-story industrial warehouse and distribution building with mezzanine office space situated on an 11.98-acre site.
MORE FROM Brokerage
Peck of Horvath & Tremblay completes the sale of 39 multi-family units in New Hampshire for $7.145 million
Lee, NH William Peck of Horvath & Tremblay has facilitated the sale of two multi-family transactions totaling $7.145 million. The Mast Road Portfolio, a 30-unit multi-family portfolio, sold for $5.12 million and 72 Oak St.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
