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Barry Sternlicht Of Starwood Capital Group Leases 70872 Sq Ft Industrial Space To CMC North America
LEASED
Massachusetts
See Similar DealsIndustrial70,872 SF
Leased 05/27/2025
LEASED
Barry Sternlicht Of Starwood Capital Group Leases 70872 Sq Ft Industrial Space To CMC North America
200 Danton Drive
See Similar DealsIndustrial70,872 SF
Leased 05/27/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:70,872 SF
Transaction Type:Lease
The industrial asset located at 200 Danton Drive in Methuen, Massachusetts, encompasses a total area of 70,872 square feet. This property will serve as the new U.S. headquarters for CMC North America.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 200 Danton Drive
- Market: Methuen, MA
- Landlord: Barry Sternlicht - Starwood Capital Group
- Tenant: Jeff Poggi - CMC North America
- Brokers: Ken Oppenheim - Hunneman
This transaction marks a significant consolidation of operations for CMC North America, enhancing their logistics capabilities. Ken Oppenheim represented Hunneman in brokering this lease agreement between the landlord and tenant.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,062,340.27
Total Lease Value
$40,623,402.73
Net Landlord Cash Flow$4,062,340.27
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