News: Front Section
Posted: April 10, 2014
Reardon and Borden of CBRE/New England sell 18 Electronics Avenue for $4.25 million
CBRE/New England completed the sale of 18 Electronics Ave. The 128,000 s/f, former High Liner Foods facility was sold to 18 Electronics Ave, LLC for $4.25 million.
CBRE/New England's Mark Reardon and Jake Borden represented the seller and procured the buyer.
"We are pleased to have facilitated this transaction," said CBRE/NE's Reardon. "18 Electronics Ave, LLC is gaining a conveniently located property with state-of-the-art features suited for their business needs."
Built in 1915, 18 Electronics Ave. is a five-line frozen food plant. The frozen food plant has the substantial infrastructure, including four spiral freezers, wash-down production rooms, refrigerated storage, extensive waste pre-treatment, and emission scrubbing. As such, the plant is ideal for any high-velocity production requiring thermal processing, flash freezing, and the highest third-party audit stands. The facility has ideal access to Rtes. 1 and 128 as well as I-95.
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