Realterm Logistics closed on the acquisition of 9 Lakeland Park Drive, a well-located, 36,805 SF High Flow-Through (HFT) facility in Peabody, MA. The facility is ideally situated between I-95 and Route 1 with quick access to I-93, providing a large consumer base for the tenant’s operations. The facility is fully leased.
Highlights of the property include:
- 4.68 acres
- 30,740 SF of warehouse
- 4,085 SF of office
- Doors: 6 Drive-In and 2 Dock-High
"We are excited to add this property, which offers excellent functionality for a wide variety of final-mile operations serving the Boston region, to the RLF II portfolio," said Derek Fish, VP of Acquisitions.
Alexander Harrold of Matthews Real Estate Investment Services represented the seller.