CB Richard Ellis/New England, a joint venture partner with CB Richard Ellis, brokered the sale of 85 South St., a 15-building 600,000 s/f industrial complex. CBRE represented the seller, Wrights, Inc., a manufacturer of craft products, while Katz Real Estate represented the buyer, MDP Development, a New Hampshire-based developer of residential, commercial and industrial properties.
The CBRE team of Mark Reardon, executive vice president/partner, and David Corkery, first vice president, represented Wrights, Inc. in the transaction. Carl Burwick of Katz Real Estate represented MDP Development.
85 South St. is situated on approximately 105 acres adjacent to I-90/Mass Tpke. The complex dates back to the late 1800s and served as the headquarters of Wrights Inc. for more than 50 years. 85 South St. is served by Rte. 67 to the north, Rte. 19 to the east and Rte. 32 to the west and is located approximately 25 miles from Worcester, 25 miles from Springfield and one hour from Hartford, Conn.