Amazon-Leased Warehouse Acquired by Hancock Fund for $76M

Amid record-low industrial vacancies and spiraling demand, two speculative warehouse properties leased to tenants including Amazon in Bellingham’s Campanelli Business Park have been acquired by a REIT affiliated with Manulife’s John Hancock Real Estate for $76.1 million.

Hot Property: Campanelli Business Park

7-Eleven and S-L Distribution Co. LLC have signed a pair of leases totaling 127,500 square feet at 353 Maple St. in Campanelli Business Park of Bellingham, a speculative industrial building completed in October 2018.