North River Company Acquires Industrial Property From A. W. Perry For $39.9M In Lynn MA

The property asset involved in this transaction is located at 626 Lynnway, Lynn, MA. It is an industrial asset consisting of a total of 235,000 square feet. The sale price for the property was $39,875,000, which reflects a price per square foot of $169. The asset also includes 9 acres designated for Industrial Outdoor Storage.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $39,875,000
• Address: 626 Lynnway
• Market: Lynn, MA
• Square Footage: 235,000
• Price per Square Foot: $169
• Buyer: North River Company
• Seller: A. W. Perry
• Brokers: Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks, Jack Barrett & Joe Gaziano - Colliers

The transaction saw North River Company acquiring the portfolio from A.W. Perry, facilitated by the brokerage team at Colliers, which comprised six representatives. This team played a crucial role in bringing the sale of 626-680 Lynnway to completion.