Natick FedEx warehouse sells for $52M
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FedEx's Natick logistics center
A FedEx warehouse in Natick has sold for just under $52 million to a major Maryland real estate investment firm.
The 15-acre site at 30 Superior Drive sits across Speen Street from the Natick Mall, placing it in MetroWest's busiest retail commercial corridor just off Route 9 and a short drive from the Massachusetts Turnpike.
A limited liability corporation tied to a private equity real estate equity fund of the investment firm Bentall Kennedy bought the site in March. The sellers were a limited liability company tied to Gramercy Property Trust of New York, which last year was sold to Blackstone Group, one of the world's largest private equity groups.
The property was last assessed by the town at $34.6 million. The warehouse, which was built in 2013, covers 173,000 square feet.
The site sits between three of Natick's largest recent developments including two residential projects: Avenu at Natick, a 164-unit senior housing development nearing completion this fall on a long-vacant former Sam's Club site, and the 10-story, 224-unit Avalon residential complex that was built in 2013.
A 513,000-square-foot campus opened last summer next door for the software company MathWorks on Boston Scientific's former Natick headquarters.
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is the fedex closing down? or just new landlord?
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