Description de l'actif
As the exclusive sales agent, Jones Lang LaSalle has been retained to market the fee-simple interest in 640 High Street (the “Asset” of “Site”); a 58.9 acre single-parcel of land located in Uxbridge, Massachusetts. The Site is adjacent to a recently completed 800,000 square-foot warehouse built-to-suit for Medline Industries, proving out the success of the location. Right off Highway 146, the Site offers 2,565,684 square feet of unencumbered land with direct highway access to nearby cities Worcester and Providence, and less than 55 miles to Downtown Boston. The “dry” land parcel offers investors the chance to develop high-bay warehouse in the white hot Greater Boston industrial market competing against a limited and constrained development pipeline. The combination of the above characteristics makes the 640 High Street Land Parcel a rare opportunity for investors. The Parcel is being marketed “as-is” and is free and clear of any debt.
Caractéristiques de l'actif
Média
Points clés d'investissement
Centrally Located Throughout Southern New England
The Site is strategically located allowing future users access to the four largest
cities in New England (Boston, Worcester, Providence, and Springfield) all
with less than a 90-minutes drive. Due to this central location, the Route 146
Highway corridor has become home to several large-scale distribution and
manufacturing facilities with companies looking to reach the aforementioned
cities, including name brand firms Medline Industries, BJs Wholesale Club,
and CVS.
Deep Bench of Blue-Collar Workers
The Site’s location also offers future users a deep bench of blue-collar
workers at a time where hiring the right talent has been harder than ever.
Within a 10-mile radius of the Site 17.1% of the labor force works within
Transportation, Manufacturing, Production, or Warehousing, which is a higher
concentration than Worcester County overall by nearly 200 basis points.
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