(Read more on the industrial market.)
STOUGHTON, MA-Shoe giant Reebok International has sold its330,000-sf distribution center here. An affiliate of LincolnProperty Co. paid $18.5 million for the asset at 300 TechnologyCenter Dr. Reebok will be in the 20-year old building untilSeptember 2009.
Efforts to contact the parties involved in the just-completedsale were unsuccessful, with calls to Lincoln, Reebok and JLL notreturned by press deadline. The property was put on the marketearlier this year. The sales price equates to about $56 per sf.
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