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Transactions - SEPTEMBER 29, 2022

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Scout Cold Storage Haverhill acquires Massachusetts property from CF Cold Storage

by Denise Moose

Scout Cold Storage Haverhill, an affiliate of Scout Cold Logistics, has acquired the sale-leaseback of a class A, 108,689-square-foot cold storage warehouse with permitted freezer expansion at 10 Creek Brook Drive in the Boston-area community of Haverhill, Mass. JLL marketed the property on behalf of the seller, CF Cold Storage.

While acquiring the asset, Scout Cold Storage Haverhill executed a short-term lease with the seller to continue to occupy the property from where it manages and operates a transportation and storage company.

The property offers its tenant a clear height ranging from 27 to 40 feet, 102,000 square feet of cooler space, 12,000 pallet positions, 21 dock-high doors, one drive-in door and 6,000 square feet of office space. The building comes with an expansion opportunity to add 45,000 square feet of freezer space.

Positioned on 23.16 acres, it is well located within Creek Brook Industrial Park off Interstate 495 in Haverhill, a northern Bost

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