Senior managing director Joe Morningstar and senior director Andrew Scandalios of Holliday Fenoglio Fowler LP's New York office is handling the sale.
Existing improvements to the site include 903,626 sf in eight existing buildings and a 400-foot pier situated at the opening of a federal navigation channel and extensive seawall systems. The property is located on Court Street in North Plymouth and was originally a rope manufacturing facility, which operated from 1824 to 1971. After changing hands several times in the 1960s, The Cordage closed its manufacturing operation in 1971 and has had various uses since that time.
Morningstar emphasizes that the site is one of the last undeveloped waterfront properties in New England. Scandalios points out that the development comes to the market "at an opportune time and has strong demand-drivers clearly supporting numerous uses," such as multifamily rentals, and retail, marine-related, hospitality and office sales.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.