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Davis Cos. Buys Metro North Portfolio for $44.25M

Apr 13, 2021 | Reprints | Unlock Link

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Photo courtesy of JLL

The Davis Cos.’ $44.25 million acquisition of a four-building portfolio in Wilmington and Methuen includes a 28-acre parcel that was recently approved for a 235,000-square-foot distribution center.

The 100-percent leased Upton Crossing portfolio includes 156,276 square feet of flex-industrial space at 26, 35 and 37 Upton Drive and a development site located at 36 and 38 Upton Drive in Wilmington and One Aegean Drive in Methuen.

Existing tenants include Watson Marlow, WorldPac and the Brockway-Smith Companies.

JLL Senior Director Kerry Hawkins represented the seller PGA Realty Co. of North Andover in the off-market transaction.

B&T Daily