Project Progress: Acquired by Proponent

About One Technology Drive

Peabody, MA

188,000-square-foot industrial building built in 1982 located 15 miles north of Boston in Peabody MA’s popular Centennial Park just off of Interstate 95/128. Historically, One Technology Drive was used as a one-tenant facility for US Food Corp. Normandy Real Estate Partners, who acquired the building in August 2006, transformed One Technology Drive into a multi-tenant warehouse space that is currently 82.5%-occupied with three tenants. The building currently presents a lease-up opportunity of over 32,000 square feet. A joint venture of AEW Capital Management and Griffith Properties acquired the building for $21.7 million in Fall 2017.

Square Feet 188,000


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Oct 26, 2017

Peabody industrial building acquired for $21.7 million


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