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November 18, 2020 Comments (0) Views: 499 Boston New England News, Metro Boston, Top Boston

Nuveen Snags Milford Industrial Facility for $52M

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Nuveen Global Cities REIT has acquired One National, a 300,000-square-foot warehouse in Milford, MASS. The sales price was $52 million.

Located at 1 National St., the 34-acre property was built in 1972. The warehouse is currently fully-leased to Amazon on a long-term, triple-net lease. The e-commerce giant uses the property as a middle-mile sorting center. The site is nearby I-495 and is approximately 36 miles southwest of downtown Boston.

The property most recently sold in 2018, when Ardagh Group sold it for $4.1 million. In 2019, New Mill and Odyssey invested $7.5 million in capital improvements to the property, which previously served as a glass bottle plant.

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