Nicholas Campofranco Of Luzern Associates Acquires Industrial Campus In Danvers For $47.7M

Luzern Associates acquired an industrial campus located at 33, 35 and 37 Cherry Hill Drive in Danvers, MA. The transaction was valued at $47.7 million. The property consists of three buildings, which are leased to Medtronic and G&F Precision Molding.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $47,700,000
• Buyer: Nicholas Campofranco - Luzern Associates
• Seller: R.J. Kelly & John O’Connor - Battery Global Advisors
• Broker: Scott Dragos - CBRE

In this transaction, CBRE represented the seller, R.J. Kelly and John O’Connor, providing brokerage services throughout the sale process.