The Hampshire Companies has announced the sale of a mixed-use industrial building in Billerica, Massachusetts, to the property’s tenant, Lynnway Auto Auction. The buyer has occupied the 87,927 square-foot building since 2011. The building features 14 dock-high loading doors, two drive-in loading doors, 24-foot ceilings and ample parking. The building rests on a six-acres tract and is adjacent to 30 acres of that Lynnway Auto currently owns. David Corkery of CBRE represented The Hampshire Companies in the transaction. The Stubblebine Company represented Lynnway Auto Auction, Inc.
“Any time that we can sell one of our properties to an existing tenant, that deal becomes mutually beneficial for both parties,” said Igor Derbaremdiker, Dispositions Director for The Hampshire Companies.
