print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

Baldor Boston Inks Deal for New 100,000-SF Build-to-Suit in Chelsea

Produce and Specialty Foods Distributor Signs 20-Year Deal with National Development for New Purpose-Built Facility
March 7, 2018
Baldor Boston, LLC has signed a lease for a brand new 100,000-square-foot build-to-suit in Chelsea, MA.

The produce and specialty foods logistics and distribution company's modern, fully refrigerated wholesale center is being developed at 130 Eastern Ave. on the former site of a 37,460-square-foot industrial building razed by National Development and its investment management affiliate, Charles River Realty Investors.

This past August, the venture paid $10 million for the seven-acre site, and last month broke ground on Baldor Boston's new purpose-built facility. Construction on the project is slated to wrap up in the fourth quarter.

Given the lack of warehouse availability in the area and Baldor Boston LLC’s need for proximity to Boston and the New England produce market, the company agreed to a long-term, 20-year lease.

Steve Clancy, Doug Rodenstein, Bob Gibson and Rachel Marks of CBRE/New England's industrial team represented Baldor Boston in negotiations. National Development brokered the deal in-house.
GET IN TOUCH        Contact CoStar News Team:   News@CoStar.com

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News