Haverhill, MA Newmark has completed the sale of 25 Computer Dr. warehousing / distribution properties for $ 43 million. Robert Griffin, Co-Head of Newmark’s US Capital Markets, Vice Chairman Edward Maher, Managing Directors Tony Coskren and Matthew Pullen, and Managing Directors Samantha Hallowell and Brian Pinch of the company’s Boston Capital Markets group represented and procured the seller Eastern Real Estate Buyer, Northbridge Partners.
25 computers Dr. covers 144,000 s / f and is just off I-495, 4 miles south of the New Hampshire border and 35 miles north of Boston. The property has a 10-year triple net lease with a major e-commerce retailer.
“The tenant of Computer Dr. is making significant improvements to the expansion of the facility, which is expected to result in the creation of an exceptionally high quality logistics facility, ”said Pullen. “The property also benefits from a prime distribution location as it has access to major population centers in Massachusetts and New Hampshire.”