 (1).png)
News:
Owners Developers & Managers
Posted: October 14, 2016
Pergola, Doherty and Gibson of CBRE/New England handle $25.5 million sale
Dave Pergola, CBRE New England
Brian Doherty, CBRE New England
Robert Gibson, CBRE New England
Bellingham, MA CBRE/New England’s Capital Markets and Industrial teams completed the sale of 150 Depot St., a 252,600 s/f class A warehouse and distribution facility, for $25.5 million. CBRE/NE’s Dave Pergola, Brian Doherty and Robert Gibson represented the seller of the property, National DCP, and procured the buyer, an institutional investor advised by Bentall Kennedy (U.S.) LP.
150 Depot Street - Bellingham, MA
The property was originally developed for National DCP in 2005 and continues to represent a significant location for the distribution company today. Following the sale of the asset, National DCP has committed to a long-term lease at the property. Located near I-495, the facility provides easy access to both I-90 (Mass Pike) and 95 and features a combination of dry storage and freezer/cooler space.
The asset includes modern specifications and infrastructure with 30’ clear height and ESFR sprinklers throughout the warehouse portion of the building.
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
MORE FROM Owners Developers & Managers
Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
Quick Hits
 (1).png)
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
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
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
August Promotion
