An affiliate of Lincoln Property Co. has paid $43.2 million, or $264.92/sf, for 300 Jubilee, a 163,067-square-foot industrial property in Peabody, Mass. The Dallas developer purchased the property from Brookwood Financial Partners LLC of Beverly, Mass., which had acquired it ...
The property is fully leased to Cardinal Health Inc., which uses it as a distribution facility. It sits within the 2.5 million-sf Centennial Park mixed-use complex, off Interstate 95 and about 20 miles northeast of Boston.
Bank of America provided a $14.4 million mortgage against the building.
nearly fully occupied.
90 percent leased.
See Homewood Suites above.