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
Canton Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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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