Cabot Properties purchased an industrial building at 275 Wildwood Ave. in Woburn, Mass.
The value of the transaction was $11.5 million.
The former facility, whose size was not disclosed, was headquarters for Lechmere and recently was a distribution facility for NECCO. Cabot anticipates repositioning the property for immediate occupancy. This transaction represents the first investment for the firm in the Boston market since selling Cabot Industrial Trust in December 2001.
Grubb & Ellis represented the buyer and CB Richard Ellis/Whittier Partners represented the seller.
Cabot Properties Inc. is a private equity real estate investment firm.
CB Richard Ellis/Whittier Partners is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire.
What’s your opinion? Send your Letter to the Editor to email@example.com.