Site of $300M Amazon distribution center in Charlton sells for $10M
Photo | Screenshot of presentation from Bluewater Property Group
A prototype image of the proposed Amazon facility in Charlton, presented by Bluewater Property Group.
The 98-acre plot of land in Charlton due to become a construction site for a $300-million Amazon distribution center sold for $10 million on Monday.
The Charlton selectboard in June heard plans for the parcel at 53 Sturbridge Road, which is mostly vacant land, to become the site of a 2.8-million-square-foot Amazon distribution center.
The property was sold to USRE Patriot LLC, which is registered to the Texas address of USAA Real Estate, a real estate investment agency focused on technology-driven assets like life sciences, data centers, and e-commerce properties.
It was sold by Kaszowski Family Realty Trust, which has been the owner since it was transferred to the trust in 1999 for $100. The property is assessed at $670,000 by the Town of Charlton assessors.
The sale of the property is unlikely to alter the development plans at the site.
The Amazon distribution center is being developed by Bluewater Property Group of Pennsylvania and New York, as well as Bay Colony Properties of Waltham. According to the June proposal to the Town, the facility includes a 634,000-square-foot footprint and a five-story warehouse with 10,000 square feet of office space.
The project is projected to create 1,000 new full-time jobs. It received a 10-year tax-increment-financing agreement from the state in December, saving Amazon roughly $11.6 million. The Town of Charlton is expecting $65 million in new tax revenue from the project over the next 20 years.
Bluewater Group began site work on March 17, according to the Town of Charlton's website. Construction on the center is due to be complete by July 2023.
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