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W.P. Carey Buys Campanelli Warehouse For $4.6M

Aug 4, 2015 | Reprints | Unlock Link | Print

11 Campanelli Drive, Freetown MA. Licensed to Jones Lang LaSalle to Market this property in Web and Print. Hi-Res File

W.P. Carey Inc., a New York City-based REIT, has acquired a 66,000-square-foot warehouse off Route 24 in Freetown from GE Capital Real Estate.

The building at 11 Campanelli Drive sold for $4.6 million. The single-story facility is fully leased to Allied Waste Services of Massachusetts and has a CSX rail spur operated by Mass Coastal Railroad. Allied plans to expand and redevelop the site for a recycling facility.

JLL’s Frank Petz, Jessica Hughes, Heather Brown and Charles Luce represented the seller.

Commercial & Industrial