Nuveen Snags Milford Industrial Center for $52M.

Nuveen Snags Milford Industrial Center for $52M

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Nuveen Global Cities REIT has obtained One National, a 300,000-square-foot storehouse in Milford, MASS. The list prices was $52 million.

Found at 1 National St., the 34-acre residential or commercial property was constructed in 1972. The stockroom is presently fully-leased to Amazon on a long-term, triple-net lease. The e-commerce giant makes use of the residential property as a middle-mile sorting center. The site is neighboring I-495 as well as is about 36 miles southwest of midtown Boston.

The building most recently offered in 2018, when Ardagh Group sold it for $4.1 million. In 2019, New Mill and also Odyssey invested $7.5 million in capital improvements to the building, which formerly acted as a glass container plant.

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