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Suburban Boston industrial property sells for $355m
Transactions - FEBRUARY 4, 2020

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Suburban Boston industrial property sells for $355m

by Andrea Zander

Clarion Partners has paid $355 million for the 830,000-square-foot industrial building at 135 American Legion Highway in the Boston suburb of Revere, Mass., reported local media outlets.

The seller was a joint venture between Atlantic Management and VMB Cos.

The 50-acre site formerly served as the Necco candy manufacturing plant. It has been leased to Amazon Logistics to be converted into a delivery station for greater Boston.

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