A partnership of Foxfield and A.W. Perry has completed the sale of Lynnway Park, a three-building industrial portfolio located along the Route 1A corridor at 626–680 Lynnway and O Circle Ave. in Lynn, MA. The fully leased campus totals 252,000 square feet of industrial space on a 17-acre site and was acquired by North River Company, LLC in a $40 million transaction.
The property has a long industrial history, with the site formerly serving as home to dairy operators Garelick Farms and West Lynn Creamery. Today, the campus has been repositioned as a multi-tenant industrial complex with a diverse roster of occupiers. Including the O Circle Ave. component, the overall site footprint spans approximately 636,000 square feet, supporting the three-building industrial portfolio.
The sale was facilitated by a Colliers investment sales team led by managing director of investment sales Frank Petz. He was joined by managing director Matthew Sherry, vice president Rob Schlesinger and financial analysts Jack Barrett, Daniel Hincks and Joe Gaziano. Colliers represented the selling partnership of A.W. Perry and Foxfield in the disposition to North River Company, LLC.
Lynnway Park is located roughly 10 miles from Boston, providing regional connectivity for distribution, production and service-oriented users that require access to the metropolitan area. The property is fully leased and anchored by Global Protection Corp, which recently completed an approximately 63,000-square-foot buildout at the campus. The company now employs more than 80 people on-site, highlighting the park’s role as a local employment hub.
Additional tenants at Lynnway Park include LSG SkyChefs, a long-standing industrial operator, and Wash Cycle Laundry. Wash Cycle Laundry has expanded its footprint at the property in recent years and now occupies approximately 44,000 square feet, reflecting ongoing tenant demand for space within the park. The mix of users spans manufacturing, logistics and service operations, contributing to a diversified income profile for the asset.
The transaction underscores ongoing investment sales activity in infill industrial locations near Boston, where fully leased properties with established tenant rosters and employment bases continue to draw investor interest. With the sale complete, North River Company, LLC adds a stabilized, multi-tenant industrial campus to its portfolio, while the Foxfield and A.W. Perry partnership realizes value from its stewardship of the Lynn asset.
