The Boston office of Lincoln Property Company today announced that it represented institutional property owner Columbia Massachusetts Centennial Industrial LLC in a marketing campaign, lease negotiation and execution for 118,000 SF of office and distributions space at 13 Centennial Drive in Peabody, MA for a 7 year term. The tenant, DHL Global Forwarding will be relocating this month from their current facility in Charlestown, MA.
“The Class-A Distribution facility located in the North Shore Sub-Market’s premiere industrial park offered the perfect combination of professional curb appeal, highway accessibility and a flexible layout to DHL .” Rob Cronin, LPC Vice President, said of the ownership, “The City of Peabody was very helpful in bringing this lease to fruition.”
13 Centennial Drive, a 134,000 SF property is managed by Lincoln Property Company and will still have 18,000 SF of prime office space available for lease.