NKF Capital Markets has successfully completed the sale of 100 Adams Road, 525 Campanelli Drive and 1010 West Chestnut Street in suburban Boston, Massachusetts to Marcus Partners. On behalf of NorthBridge Partners, NKF Capital Markets Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen, Director James Tribble and Associate Director Samantha Hallowell of the Boston office, which is led by Co-Head of U.S. Capital Markets Robert Griffin, oversaw the transaction.
100 Adams Road is located in Clinton while 525 Campanelli Drive and 1010 West Chestnut Street are located in Brockton. The three properties are occupied by a diverse tenant roster including Rotmans, Scholastic, Staples, Teknor Apex and W.B. Mason.
“These modern, high-bay warehouse/distribution facilities feature high-quality physical infrastructure with up to 32’ clear heights,” said Hallowell. “The properties also benefit from prime logistics locations within close proximity of major highways, facilitating seamless ‘last-mile’ deliveries.”
100 Adams Road, 525 Campanelli Drive and 1010 West Chestnut Street feature efficient layouts with generous column spacing, ample parking and significant loading capacity. Each asset is conveniently situated within an established distribution location less than one hour from Downtown Boston.
About NKF Capital Markets
NKF Capital Markets, operated by Newmark Group, Inc., is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 16,000 professionals operate from approximately 430 offices in established and emerging property markets on six continents.
We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.
Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.