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Omni Logistics Signs 115,822 SF Industrial Lease In Billerica With CBRE Reps

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LEASED

Massachusetts

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Industrial115,822 SF
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LEASED

Omni Logistics Signs 115,822 SF Industrial Lease In Billerica With CBRE Reps

90 Salem Rd, Billerica, MA, 01821

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Industrial115,822 SF
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:115,822 SF
Transaction Type:Lease

The industrial property at 90 Salem Rd, Billerica, MA, 01821 is a part of the Billerica Commerce Center, offering a total of 612,685 square feet of space. Built in 1982 and renovated in 2007, the property features 38-foot clear heights, 17 loading docks, and easy access to Interstate 495. Omni Logistics has recently leased a 115,822-square-foot section of this facility, strategically located around 20 miles northwest of Boston.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord: Clarion Partners
  • Tenant: Omni Logistics
  • Lanldord's Rep: Rachel Marks (JLL)
  • Tenat's Rep: David Corkery, Steve Clancy, and Rachel Marks (CBRE)

The lease negotiations for the industrial space at 90 Salem Rd were facilitated by David Corkery, Steve Clancy, and Rachel Marks of CBRE, representing both the tenant, Omni Logistics, and the landlord, Clarion Partners based in New York City. This significant transaction brings together key players in the real estate market to further enhance business operations in the Billerica area.

Players

Rachel Marks
4 deals$18.5M volume(617) 946-2413
BROKER

Clarion Partners
LENDER

Details

LEASED
IMAGE: 90 Salem Rd, Billerica, MA, 01821 MARKET: Billerica ASSET TYPE: Industrial LANDLORD'S REP: Rachel Marks(JLL) TENANT: Omni Logistics LANDLORD: Clarion Partners SQUARE FEET: 115822

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Deal Type
Effective Rent (Annual)

$6,638,847.15

Total Lease Value

$66,388,471.48

Net Landlord Cash Flow$6,638,847.15