SOLD
TPG Real Estate Buys Industrial Asset In Wilmington For $90M From National Development
175 Lowell Street
Industrial
300,000 SF
300,000 SF
Sold 18 days ago
Summary
Sale
MASSACHUSETTS
Industrial
300,000 sqft
The industrial property at 175 Lowell Street in Wilmington has been sold from National Development to TPG Real Estate for $90 million. The property encompasses approximately 300,000 square feet of Class A space, with amenities including 55 loading docks, parking for 105 trailers, and space for 230 vehicles.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $90,000,000
- Buyer: Doug Bouquard - TPG Real Estate
- Seller: National Development
- Address: 175 Lowell Street
- Market: Wilmington, MA
- Square Footage: 300,000
- Price per Square Foot: $300
Doug Bouquard represented TPG Real Estate in the acquisition of the industrial property, while National Development acted as the seller in the deal.
Details
SOLD
IMAGE: Doug Bouquard
DATE: 04/19/2024
ADDRESS: 175 Lowell Street
MARKET: Wilmington, MA
ASSET TYPE: Industrial
BUYER: Doug Bouquard - TPG Real Estate
SELLER: National Development
SALE PRICE: $90,000,000
SF: 300,000 ~ PPSF: $300
NOTE: National Development has offloaded 175 Lowell Street in Wilmington to TPG Real Estate for $90 million. The industrial property, recently finalized, comprises approximately 300,000 square feet of Class A space, featuring 55 loading docks, and parking for 105 trailers and 230 vehicles.View on map
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Address175 Lowell Street
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