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.


What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here ×