X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BROCKTON, MA-FedEx Ground Package Systems is leasing 41,000 sf at 1020 West Chestnut St. The company, a subsidiary of FedEx which provides ground delivery of small packages throughout the US, Canada, and Puerto Rico, signed a three-year lease for the entire building.

Robert Gibson and Ed Jarosz of CB Richard Ellis/Whittier Partners represented property owner, J&S Realty Trust, while Kirk Bittel of Fischer & Co. represented the tenant. The property was built in 1988 and is comprised of 34,000 sf of warehouse/manufacturing space and 7,000 sf of adjoining office space. The building height ranges from 18’6″ to 22′ in the warehouse area and offers four loading docks and one oversized drive-in grade door. It has direct access to Route 24 and is near Routes 128 and 495.

“The building is located in the South Suburban industrial market and provides easy highway access,” says Gibson. Lease rates for this deal were not available but the average asking rent for industrial space in the area is approximately $6 per sf. Gibson and Jarosz are about to begin marketing a 40,000 sf build-to-suit building on the lot directly behind the 1020 West Chestnut building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.