Tishman Speyer acquires 60-acre industrial development site
Transactions - JUNE 4, 2024

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Tishman Speyer acquires 60-acre industrial development site

by Released

Tishman Speyer and Mitsui Fudosan America has acquired a 60-acre, fully entitled development site from Analogic Corp. at 8 Centennial Drive in Peabody, Mass.

The site currently consists of a 515,000-square-foot office and manufacturing facility that has served as Analogic’s headquarters for more than 40 years. Tishman Speyer and Mitsui Fudosan America intend to transform the outdated facility, utilizing the site’s development potential to create a fully modernized, premier industrial park with four best-in-class warehouse buildings totaling approximately 700,000 square feet.

The Boston area’s industrial market continues to benefit from strong fundamentals, led by demand from ecommerce, logistics and R&D companies that seek proximity to the region’s affluent population of consumers and its vibrant innovation economy. With extremely limited supply and a lack of developable land, the region needs newer, higher-quality properties. Plans for 8 Centennial are de

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