Longpoint Real Estate Allies Snags 218K-SF Industrial Center in Peabody

Longpoint Real Estate Partners Snags 218K-SF Industrial Center in Peabody

Order Reprints … January 13, 2021 Longpoint Real estate Partners has actually acquired 11 Centennial Drive, a 217,592-square-foot, last-mile and also circulation facility in Peabody, MASS. The sales rate was not divulged.

The property is situated within Centennial Park, a 300-acre school making up 2.5 million square feet of office, R&D, technology, storage facility, manufacturing, medical care, resort and also restaurant usages. At the time of sale, the facility was completely inhabited by Cardinal Health, among the biggest medication wholesalers in the United States. Cardinal Health and wellness utilizes the property as a local circulation center to supply medical tools as well as drugs to healthcare facilities, drug stores and also medical professional’s workplaces across New England.

Robert Lion, Tony Coskren, Ed Jarosz, Matthew Pullen, Rick Schuhwerk, Samantha Hallowell, Brian Pinch and Lizzie Kusbit of Newmark’s Boston Funding Markets Team represented the undisclosed seller in the transaction.

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