300 RiverPark Drive Update 10/08/17
Lincoln Property Company acquires Amazon Robotics headquarters in North Reading for $45.1 million
Lincoln Property Company has acquired 300 RiverPark Drive, a 209,000-square-foot office and industrial building located in North Reading, MA fully leased to Amazon Robotics, for $45.1 million. The sale amounts to $216 per square foot. Amazon Robotics, a subsidiary of Amazon which specializes in production of robotic order fulfillment systems used in Amazon warehouses, is headquartered at 300 RiverPark Drive. Blue Hills Bank provided $27 million in mortgage financing towards Lincoln’s acquisition. 300 RiverPark Drive’s seller is Tritower Financial Group, who acquired the building for $32.25 million, or $154 per square foot, in June 2013.