Lincoln Property Company Acquires Industrial Property In Peabody, MA For $43.2M

The industrial property located at 300 Jubilee Dr in Peabody, MA has been sold. The transaction took place on December 28, 2021. The property, spanning 163,000 square feet, was purchased by Lincoln Property Company from Brookwood Financial Partners. The deal was facilitated by Frank Petz, Brooke Howard, Matthew Sherry, and John Nasca from Colliers. The sale price for the property was $43,155,000, resulting in a price per square foot of $265.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $43,155,000
• Date: December 28, 2021
• Address: 300 Jubilee Dr, Peabody, MA
• Buyer: Lincoln Property Company
• Seller: Brookwood Financial Partners
• Broker: Frank Petz, Brooke Howard, Matthew Sherry & John Nasca - Colliers
• Square Footage: 163,000
• Price Per Square Foot: $265

The involvement of Frank Petz, Brooke Howard, Matthew Sherry, and John Nasca from Colliers played a key role in facilitating the successful sale of the industrial property in Peabody. Lincoln Property Company emerged as the buyer, acquiring the asset from Brookwood Financial Partners. The transaction highlights the ongoing activity in the industrial real estate market in Peabody.