LaSalle Investment Management Acquires Industrial Property In Peabody, MA For $53.1M

LaSalle Investment Management has acquired an industrial property located at 1 Technology Drive in Peabody, MA. The property was sold by BentallGreenOak for a transaction amount of $53,100,000. The industrial asset spans across 186,591 square feet, with a price per square foot of $285.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $53,100,000
• Address: 1 Technology Drive, Peabody, MA
• Market: Peabody, MA

The deal was brokered by Colliers International, with Frank Petz, Matthew Sherry, Rob Schlesinger, Jack Barrett, and Daniel Hincks representing the firm. Their expertise and negotiation skills played a crucial role in facilitating the successful transaction.