Essex Drive Realty LLC Acquires Office Building In Peabody, MA For $6.46M

An office property located at 8 Essex Center Drive in Peabody, MA, has been sold for a price of $6,460,000. The property spans an area of 8.22 acres and offers a total square footage of 67,544. The transaction took place on November 4, 2021. Kerry Hawkins and Scott Carpenter from JLL Capital Markets represented both the buyer, Essex Drive Realty LLC, and the seller, PGA Realty, in this deal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,460,000
• Address: 8 Essex Center Drive, Peabody, MA
• Market: Peabody, MA
• ACRES: 8.22
• Buyer: Essex Drive Realty LLC
• Seller: PGA Realty
• Brokers: Kerry Hawkins & Scott Carpenter - JLL Capital Markets
• Square Footage: 67,544
• Price per Square Foot: $96

Kerry Hawkins and Scott Carpenter, representing JLL Capital Markets, played a pivotal role in assisting both Essex Drive Realty LLC and PGA Realty in completing this transaction. With their expertise, the deal was successfully closed, benefitting all parties involved.