CB Richard Ellis/Whittier Partners negotiated the sale of One Beeman Road, a 312,344-square-foot industrial property located in Northborough, Mass.
The value of the transaction was $19 million.
One Beeman Road is a warehouse/distribution property constructed in 1983 and expanded in 1985. The building is located 4.5 miles from Interstate 495 and Route 9, and is six miles from The Massachusetts Turnpike.
At the time of sale, Parcel Direct Inc. occupied 162,344 square feet in the property, and Sundance Publishing occupied 150,000 square feet.
ING Clarion Partners sold the property to Champion Partners Ltd.
CB Richard Ellis/Whittier Partners is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group that provides leasing, property management, appraisal/valuation, retail, corporate advisory and investment services.
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