Middleton, MA Chris Everest of Nordlund Associates has completed the sale of 14 Birch Rd., in Middleton. The 33,160 s/f building on 1.39 acres was purchased by Big Three Ventures, LLC from Birch Road 14, LLC. The property sold for $3.3 million which equals $99.52 per s/f.
In addition, Nordlund Associates finalized the lease of 261 River St. in Haverhill, Mass. Borden Textile, LLC leased 17,419 s/f of light manufacturing space.
According to Jim Polakeiwicz, CEO of Borden, “We engaged Rick Bartley and Anthony Triglione, of Nordlund to find a property to relocate our company, as our lease was expiring. Due to the extremely tight supply of industrial space, the team worked diligently and successfully to locate this off-market opportunity that will allow us to continue to thrive in Haverhill.”
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and