J.C. Penney has sold its Manchester distribution center for $70 million. Department-store retailer J.C. Penney has completed a sale-leaseback of its sprawling Manchester distribution center for $70 million to one of New England’s most active landlords who plans to convert the property into a state-of-the-art manufacturing-distribution campus, authorities say. A Penney affiliate, J.C. Penney Properties […]
Full textBoston – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the sale of 67 Pacella Park Drive, a 162,765-square-foot (sf) industrial warehouse and distribution facility located 10 miles south of Boston in Randolph, MA. The building is fully occupied by Brewster Home Fashions, which will remain a […]
Full textMassachusetts landlord-developer Winstanley Enterprises says it has acquired a one-million-square-foot grocery-distribution facility in Windsor Locks for $50 million. Principal Adam Winstanley said Wednesday his company closed Tuesday on its purchase of the 1,079,000-square-foot building at 500 North St. CBRE-New England brokered the deal. The building is leased long term to Massachusetts supermarket chain Stop & […]
Full textOne of New England’s biggest commercial landlords is deepening its bet on the U.S. future of electronic and rapid commerce with its $124 million purchase of a pool of warehouse-distribution properties primarily in northern Connecticut and southern Massachusetts. Winstanley Enterprises announced its acquisition this week of 10 commercial properties, including toy-block maker Lego’s U.S. headquarters […]
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