CB Richard Ellis/New England brokered the sale of a 234,000-square-foot industrial building in Methuen, Mass.
The sale price was approximately $18.4 million.
Built in 2002, 14 Aegean Drive is a fully occupied, net-leased, multitenant property. Four tenants occupied the property with long-term leases at the time of sale.
Boston Industrial/Aegean LLC, a joint venture of Atlantic Tambone and CIGNA Insurance, sold the property to AEW Capital Management L.P., which acquired the property on behalf of one of its institutional clients.
CB Richard Ellis/New England 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.
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