Black Creek Group Acquires Industrial Property In Franklin & Danvers, MA For $37.25M

Black Creek Group has acquired an industrial property located at 290 Beaver St & 125 Water St in Franklin and Danvers, MA. The transaction was completed on 12/09/2021 for a sale price of $37,250,000. The property spans 205,324 square feet, resulting in a price per square foot of $181.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $37,250,000
• Date: 12/09/2021
• Address: 290 Beaver St & 125 Water St, Franklin & Danvers, MA
• Market: Franklin & Danvers, MA
• Buyer: Black Creek Group
• Seller: Arris Partners, LLC - John Garofalo
• Brokers: Scott Jamieson & Brandon Dickason - Avison Young
• Size: 205,324 square feet
• Price per Square Foot: $181

Scott Jamieson & Brandon Dickason from Avison Young represented the buyer, Black Creek Group, in this transaction.