CBRE/New England Sells 18 Electronics Avenue, Danvers for $4.25M
Tuesday, March 11, 2014
CBRE/New England Sells
18 Electronics Avenue, Danvers for $4.25M
128,000 square foot frozen food plant sold
BOSTON (March 11, 2014) — CBRE/New England today announced the sale of 18 Electronics Avenue in Danvers, Massachusetts. The 128,000 square foot, former High Liner Foods facility was sold to 18 Electronics Ave, LLC for $4.25 million.
CBRE/New England’s Mark Reardon and Jake Borden represented the seller and procured the buyer.
“We are pleased to have facilitated this transaction,” noted CBRE/NE’s Reardon. “18 Electronics Ave, LLC is gaining a conveniently located property with state-of-the-art features suited for their business needs.”
Built in 1915,
18 Electronics Avenue is an outstanding five-line frozen food plant located in Danvers, MA. The frozen food plant has the substantial infrastructure, including four spiral freezers, wash-down production rooms, refrigerated storage, extensive waste pre-treatment, and emission scrubbing. As such, the plant is ideal for any high-velocity production requiring thermal processing, flash freezing, and the highest third-party audit stands. The facility has ideal access to Routes 1 and 128 as well as Interstate 95.
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.