101-135 American Legion Highway Update 02/04/20
Revere Property Acquired for $355 Million
Clarion Partners has acquired the property at 135 American Legion Highway in Revere, MA for $355 million.
The two-story building consisting of multi-tenant distribution, production, storage, and office space consists of 826,000 square feet and sits on 49.96 acres. The building is to be renovated by Amazon and used for a distribution center. The structure contains a high-bay with a 30-foot clear height and a 14-foot second-floor clear height, 16 overhead dock – high doors with dock levelers, 1 drive-in ramp and overhead door with potential expansion up to 10 new loading docks.
Attached to the building is a 6.4 MW natural gas cogeneration plant, which provides operating power as well as process cooling and heating for the facility.