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Report: Central Mass. industrial real estate among region's strongest


A series of industrial leases and a major sale in Central Massachusetts are part of a continually strong market in the Boston area, according to a report by the New York City real estate advisory firm Newmark.
Those deals include a previously reported 600,000-square-foot lease by Amazon at 330 and 350 Bartlett St. in Northborough and a lease extension by Nestle Water at 66 Saratoga Blvd. in Devens. WESCO Distribution has also signed a 121,700-square-foot lease at 35 Otis St. in Westborough.
The industrial market also brought one of the largest transactions across the Boston area in the fourth quarter of 2020: a $76-million sale of two adjacent warehouses in Bellingham that have a combined 428,000 square feet. The property was bought by a limited liability corporation registered to John Hancock Real Estate in Boston in a deal closed last October.  ....

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