Oliver Street Acquires Industrial Property On Summit Street In Peabody, MA For $65M

The industrial property located at 140 Summit Street in Peabody, MA was recently sold. The transaction took place on December 18, 2020. The property, spanning 370,000 square feet, was sold by Christianbook to Oliver Street. The sale price for this transaction was $65,000,000, resulting in a price per square foot of $176.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $65,000,000
• Address: 140 Summit Street, Peabody, MA
• Market: Peabody, MA
• Brokers: Frank Petz, John Nasca, Greg Klemmer, & Dan Driscoll - Colliers International

This deal was facilitated by the brokers Frank Petz, John Nasca, Greg Klemmer, and Dan Driscoll from Colliers International. They represented both the buyer, Oliver Street, and the seller, Christianbook, in the transaction.