Cushman & Wakefield of Mass. completed the sale of 80 Stockwell Dr. to Hilco Real Estate for an undisclosed price. Cushman & Wakefield's executive vice president Mike Frisoli and associate director Pete Whoriskey represented The Davis Cos., the seller, and procured the buyer. Cushman & Wakefield was subsequently retained as the exclusive leasing agent for the facility.
Located just 20 miles south of Boston, 80 Stockwell Dr. is a 248,000 s/f industrial building with 37,000 s/f of supporting office space. The property benefits from its exceptional access to Rte. 24 and excellent proximity to Rte. 128, I-93, I-95 and I-495.
"80 Stockwell Drive has tremendous upside potential for any large tenant in the market today," said Cushman & Wakefield executive vice president Mike Frisoli. "With excellent accessibility in a strong industrial environment, the building offers a highly desirable big block of space that is ideal for one large user or multiple smaller users."
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.
For the New England area, Cushman & Wakefield maintains offices in Boston, Massachusetts; Manchester, New Hampshire; Hartford and Stamford, Connecticut; and Portland, Maine.