Chuck Hessel, director of Investments for CBRE says in astatement, "The features in this building make it superior tomarket standards and one of the most modern logistics facilities inthe boston metro area." The property at 140 Depot is expandable andhas pre-cast concrete construction, cross-docking, a 36-foot clearheight, ESFR sprinklers and excess trailer parking. Sitting in aneasily accessible location, 140 Depot is off the Interstate495.
The rental rates were not disclosed, but Cushman &Wakefield's Marketbeat for Q109 show an average rental rate in themid-$5 per square foot range for that area's warehouse/distributionfacilities.
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