Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

May 12, 2022

Fully leased, two-year-old Bellingham warehouse sells for $96.7M

Photo | Newmark Bellingham Distribution Center at 160 Mechanics St. is fully-leased to TriMark USA as of August 2021.

A 345,000-square-foot industrial distribution facility in Bellingham with a full-building lease sold for $96.7 million in late April, according Newmark, whose Boston team brokered the sale.

Located at 160 Mechanic St., the Bellingham Distribution Center was built in 2020 without a signed tenant. In August 2021, it was fully leased to Mansfield-based TriMark USA, the country’s largest restaurant supply and food provider. 

The 60-acre distribution center is nestled among several other valuable industrial properties, including two Amazon distribution warehouses which sold for $93 million May 2021.

The property was bought by LaSalle Investment Management, based in Chicago.

It was sold by Barings LLC, an North Carolina-based investment management firm owned by Massachusetts Mutual Life Insurance Co. Barings bought the property in 2019 for $3.3 million. It is now assessed at $44.4 million by the Town of Bellingham.

Sign up for Enews

WBJ Web Partners


Order a PDF