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Axcelis Completes $49M Sale-Leaseback In Beverly

Feb 9, 2015 | Reprints | Unlock Link | Print

Axcelis Technologies has completed a sale of its headquarters to Northbrook, Ill.-based Middletown Partners for $49 million and leased back the entire building at 108 Cherry Hill Drive in Beverly.

The 37-acre property was built in 1984 and contains 417,313 square feet of office and industrial space.

Ed Wlodarczyk, DTZ’s senior vice president, in collaboration with DTZ’s Boston-based Capital Markets team and Executive Managing Director James Halepis successfully marketed the property on behalf of the seller and procured the buyer. Axcelis has committed to lease the property on a long term, triple net basis.

Commercial