A group of prominent Bay Staters including former Market Basket board member Arthur S. Demoulas and construction giant Suffolk’s investment arm make up the ownership group paying $125 million to buy the sought-after Widett Circle property in South Boston.
The $355 million sale of Amazon’s future distribution center in Revere is the latest evidence of the strong demand for industrial properties near population centers and Logan International Airport.
After signing Amazon to a massive warehouse lease in Revere, Framingham-based developer Atlantic Management has gained a commitment from the e-commerce leader for a $40-million robotics research hub in Westborough.
The owners of the largest block of available industrial space in Massachusetts have refinanced their debt with a new $115 million bridge loan to pay for future capital projects and tenant improvements.
The future of the former Necco factory in Revere is coming into focus as the new owners seek to fill the 829,000-square-foot facility with industrial, life science or R&D tenants.
