Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WESTWOOD, MA-Catalano Bros. is leasing 42,000 SF of high bay warehouse/distribution space at 245 University Ave. The deal represents one-third of the property. Austin Smith and Gian Starita of Lincoln Property Co. represented property owner Invesco, while Paul Delaney and Phillip Burgess of Burgess Properties represented Catalano Bros.

Catalano says it chose this location for its distribution of gypsum because of its strategic location at the intersection of Routes 1, 93, 95 and 128, its good clear height, and access to CSX Rail. The facility also provides the firm with the use of eight loading docks for truck access as well as eight loading docks for rail access. The building features a clear height of 28 feet.

Lease rates for this deal were not available, but the average asking rent for industrial space in the area is approximately $7.50 per sf. According to Spaulding & Slye Collier’s most recent statistics, the overall availability rate for industrial space in the area is about 23%, which is slightly under the office market’s rate of 26%.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.