A.W. Perry and Foxfield broker sale of 17-acre Lynnway Park to North River Company, LLC

Lynn, MA A.W. Perry, along with its joint venture partner, Foxfield, have completed the sale of Lynnway Park, the 17‑acre former Garelick Farms and West Lynn Creamery campus, to North River Company, LLC. The transaction marks the culmination of a five‑year repositioning effort that transformed the aging former dairy facility into one of the area’s most dynamic commercial and industrial hubs.

Since acquiring the site in late 2020, the ownership team has delivered significant upgrades, including façade enhancements, new roofs, removal of obsolete wastewater treatment tanks, capital improvements to building systems, and modernization of campus infrastructure. These improvements helped attract a diverse mix of highgrowth companies and brought meaningful job creation to the neighborhood.

Over the past several years, Lynnway Park has seen strong momentum, with more than 160,000 s/f leased across 680 and 626 Lynnway and a growing roster of employers contributing to the city’s economic diversity. The most recent milestone is the lease and full occupancy of Global Protection Corp. (GPC), which completed a substantial build-out of 63,000 s/f and now employs more than 80 people on site. Their design‑forward, modern manufacturing space maintains thoughtful connections to the property’s historic roots and reflects the collaborative effort of mayor Jared Nicholson, the city Council, the Planning Department, neighborhood stakeholders, and ownership.

The campus also includes established operators such as LSG SkyChefs, reinforcing Lynnway Park’s industrial strength, as well as mission‑driven employers like Wash Cycle Laundry, which expanded to 44,000 s/f and has tripled its workforce over the past two years through its inclusive “second‑chance” hiring program. Together, these tenants highlight the property’s transformation into a vibrant employment center and a meaningful contributor to the community’s long-term growth.

The sale was brokered by Frank Petz, Matthew Sherry and Jack Barrett of Colliers International.

“Lynnway Park has been a remarkable example of what can happen when the private sector and the community work together with a shared vision,” said Bob Maloney, executive vice president/managing director of acquisitions at A.W. Perry. “Over the past five years, we’ve been proud to steward this property, invest in meaningful improvements, and create an environment where businesses can grow and people can build long-term careers. The transformation of this campus, the hundreds of jobs created, and the strong tenant mix that has taken shape reflect the City of Lynn’s leadership and partnership at every step. We’re grateful for the collaboration from Mayor Nicholson, City Councilor Fred Hogan, the Planning and Economic Development Departments, and our neighbors, and we’re confident that North River Company will carry this momentum forward as Lynn’s waterfront continues to evolve.”

“Lynnway Park has become a powerful symbol of what collaborative investment can achieve for our city,” said Jared Nicholson, mayor of Lynn. “The transformation of this site has brought new jobs, new opportunities, and new energy to our waterfront corridor. We’re grateful to A.W. Perry and Foxfield for their commitment to working closely with the community and the City to revitalize this high-profile vacant property, and we welcome North River Company as a partner in the next chapter. This is a moment of real momentum for Lynn and a reflection of the shared belief in our city’s future.”

“When Foxfield and A.W. Perry acquired Lynnway Park in 2020, we saw the potential to reposition a legacy industrial campus into a high-performing employment hub,” said Jeff Theobald, managing partner at Foxfield. “Through targeted capital improvements and a hands-on leasing strategy, we were able to attract a diverse group of tenants that contributed to Lynn’s economic vitality. We’re proud of what was accomplished alongside our joint-venture partners and the City of Lynn, and we look forward to seeing North River Company build on this strong foundation in the years ahead.”

“North River Company looks forward to working with the City of Lynn and Mayor Nicholson to build on the continued success of Lynnway Park,” said Christopher Flagg, president of North River Company. “AW Perry and Foxfield, together with the City of Lynn, made meaningful improvements to the campus while generating valuable local jobs, and we acknowledge and appreciate their excellent work and results.”