Methuen Site Nets $18M
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| AEW Capital Management has acquired the Methuen Industrial Center from Atlantic Tambone Corp. for $18.3 million. The property is located at 14 Aegean Drive in Methuen. |
By Joe Clements
Demonstrating institutional-grade interest for Massachusetts industrial properties, AEW Capital Management has acquired 14 Aegean Drive in Methuen from Atlantic Tambone Corp. Also known as the Methuen Industrial Center, the high-bay, 234,000-square-foot facility was purchased for $18.3 million, or more than $78 per square foot, according to industry sources.
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