26 Southbridge Street
Polar Beverages Auburn Warehouse Sold for $34.5M
GPT Worcester Owner, LLC - an affiliate of Link Logistics and Blackstone- sold 26 Southbridge Street in Auburn to Westbrook Properties for $34,500,000. Newmark Knight Frank announced the sale of the property, a Class-A warehouse/distribution asset that is fully occupied by Polar Beverages, on June 1st.
Encompassing 285,437 square feet, 26 Southbridge Street is utilized by Polar Beverages as a local, national and international distribution center. The asset is positioned less than one-half mile from Polar Beverages’ corporate headquarters in Worcester, where the firm has been based since its inception in 1882.
“In addition to its ‘sticky’ tenancy, 26 Southbridge Street represents a highly-functional distribution/warehouse asset,” said Matthew Pullen, Executive Managing Partner of Newmark's Boston Capital Markets Group. “The property’s most notable features include its generous clear height, column spacing, truck court width, loading capacity and parking capacity.”
26 Southbridge Street is situated directly off Interstate 290 and less than 10 minutes from Interstates 90 (Massachusetts Turnpike), 190 and 395.