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

300 Jubilee Drive
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This Industrial property located in MA was sold for $43,155,000 about 2 years ago. The brokers of the deal were Brooke Howard, Frank Petz, Matthew (Matt) Sherry, and John Nasca

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.

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Deals
  • Location
    300 Jubilee Drive, Peabody, Massachusetts 01960, United States300 Jubilee Drive, Peabody, Massachusetts 01960, United States
  • Sale Price
    $43,155,000$43,155,000
    $264 PPSF$264 PPSF
  • Area
    163,000 SF163,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    4 Brokers, 3 Agencies4 Brokers, 3 Agencies

Agents

Brooke Howard

Brooke Howard

Deals5
Sold$111.7M

John Nasca

John Nasca

Deals13
Sold$717.7M

Agencies

JLL

JLL

Agency
Deals5579
Volume$332.6B

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

Lee & Associates

Lee & Associates

Agency
Deals970
Volume$10B

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Deal Summary

SALE IMAGE: Frank Petz, Brooke Howard, Matthew Sherry & John Nasca DATE: 12/28/2021 ADDRESS: 300 Jubilee Dr MARKET: Peabody, MA ASSET TYPE: Industrial BUYER: Lincoln Property Company SELLER: Brookwood Financial Partners BROKER: Frank Petz, Brooke Howard, Matthew Sherry & John Nasca - Colliers SALE PRICE: $43,155,000 SF: 163,000 ~ PPSF: $265

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300 Jubilee Drive

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