Author: chadwick00i

Albacado Limited Partnership Sells Site in North Andover Massachusetts for a Self-Storage Facility

 Albacado Limited Partnership sold a 2.96-acre lot on the corner of Beechwood Dr. and RT.125 in North Andover, Massachusetts to a private equity joint venture. The joint venture has received approvals to develop a state-of-the-art 90,000 2.96-acre self-storage facility. This site is directly across the street from the redevelopment of a 2.5 million sq. ft. Amazon distribution center. This self-storage facility will serve the Andover, North Andover and Haverhill communities. North Andover and Andover have unmet demand for a facility of this type. Haverhill, MA downtown has gone through a major regentrification effort with market rate apartments and condominiums. The ... Read more