BOSTON–Cushman Wakefield announced the sale of 30 Innerbelt Road in Somerville, Massachusetts, to AEW Capital Management. The Cushman Wakefield team, led by President Robert Griffin, Vice Chairman Edward Maher and Executive Director Matt Pullen, oversaw the transaction of the 100% leased, multi-use industrial asset on behalf of Prologis, a leading owner, operator and developer of industrial real estate.
30 Innerbelt Road is a 195,357 square foot industrial asset featuring unmatched access to Greater Boston’s highway system, providing the property’s three tenants with superior accessibility to the Northeast, Logan International Airport and the Seaport.
“As one of just a handful of top-tier industrial properties located in Boston’s urban marketplace, where warehouse and distribution space seldom trades, 30 Innerbelt Road offered a unique opportunity to acquire a well-positioned asset,” said Cushman Wakefield Executive Director Matt Pullen.
Situated on more than eight acres, 30 Innerbelt Road boasts multi-use space that can be utilized for manufacturing, flex and warehouse needs. Featuring 89% industrial and 11% office, 30 Innerbelt also has clear heights of approximately 23 feet, 22 dock doors, two drive-in doors, column spacing ranging from 35′ x 42′ to 40′ x 40′ and surface parking for 204 vehicles.