News: Front Section
Posted: June 25, 2021
Legacy Real Estate Ventures, LLC acquires 31,000 s/f property for $4.1 million
Haverhill, MA Legacy Real Estate Ventures, LLC has acquired 30 Bond St. for $4.1 million. This 100% occupied single story industrial property totals 38,000 s/f and has been leased to Thermo Fisher Scientific since 2002. Located in the Ward Hill Business Park, this fully NNN building represents a unique opportunity to own in a supply-constrained submarket with limited vacancy.
Jen Price, who is in charge of acquisitions and asset management at Legacy, said, “Thermo Fisher is a AAA credit tenant with a history at the building. They are currently investing significant capital in the space and are a ‘sticky’ tenant. This property is a solid addition to our portfolio, and we are thankful to Chris Everest at Nordlund Associates for the opportunity.”
Debt was provided by Kansas City Life, through Northmarq Capital. The property will be managed by Legacy affiliate Eastport Real Estate Services.
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