facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Industrial

/

Lease

/

555 Turnpike Street

Westbrook Partners Leases 674,143 SF Industrial Canton MA To Destination XL Group
LEASEDIndustrial

Westbrook Partners Leases 674,143 SF Industrial Canton MA To Destination XL Group

555 Turnpike Street

Building Size

674,143 SF

Asset Type

Industrial

Closing

Aug 6, 2025

AI

The industrial asset at 555 Turnpike Street, Canton, MA totals 674,143 square feet and functions as a headquarters and distribution center within Boston's 128 South industrial market.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Long-term renewal

Key parties include Westbrook Partners as the landlord and Destination XL Group (DXLG) as the tenant, with Harvey S. Kanter linked to the DXLG relationship. Cushman & Wakefield led the renewal process. Note: Cushman & Wakefield secured a long-term renewal for Destination XL Group at the Canton facility, maintaining operations in the Greater Boston industrial market. The Massachusetts renewal is reported as the largest in 2025 to date and established a quarterly record for industrial renewals in Greater Boston.

Players

Scott Gredler

Cushman & Wakefield

Broker

$11.2M

vol

3 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Westbrook Partners
Westbrook PartnersLandlord

Canton Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93