Cushman & Wakefield’s Capital Markets Group arranges the sale of top-tier
industrial asset in Marlborough, MA
Cushman & Wakefield today announced that Deutsche Asset & Wealth Management, a global investment manager, has sold 360 Cedar Hill Street. 360 Cedar Hill Street is a 119,819 square foot, first-class warehouse/distribution asset located in Marlborough, Massachusetts. The asset is ideally located directly off U.S. Interstate 495, only minutes from U.S. Interstate 90 (the “Mass Pike”) and U.S. Interstate 290, providing easy access to the major economic hubs of New England. Cushman & Wakefield’s Capital Markets team of Robert E. Griffin, Jr., Edward C. Maher Jr. and Matthew E. Pullen, along with leasing specialist J.R. McDonald, exclusively represented the seller.
“We are thrilled to have handled the sale of 360 Cedar Hill. This asset is one of our region’s finest warehouse buildings and is an excellent complement to the buyer’s growing portfolio,” said Matt Pullen, Executive Director, Cushman & Wakefield.
360 Cedar Hill Street consists of 107,837 square feet of industrial space situated on over 10 acres of land and 100% leased to three tenants; Fresenius Medical, Piedmont Plastics and Gentle Giant. The property features 30’ high-bay ceilings, 23 tailboard loading docks, one drive-in loading door and 124 parking spaces. 360 Cedar Hill Street is located at the junction of the Mass Pike and Interstate 495 in Marlborough, a region currently experiencing rapid growth and boasting a direct vacancy rate of 12.0%, among the lowest of suburban Boston’s industrial submarkets.