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Gramercy Operating Partnership Sells FedEx Ground Facility for $51.7 Million

Private Investor Acquires Distribution Building in Natick, Massachusetts
The 173,120-square-foot distribution building in Natick, Massachusetts. Photo: CoStar
The 173,120-square-foot distribution building in Natick, Massachusetts. Photo: CoStar
By Michael Harvey
CoStar Research
May 3, 2019 | 8:13 P.M.

New York-based Gramercy Operating Partnership sold a distribution building leased to FedEx Ground in Natick, Massachusetts, to a private investor for a recorded $51.7 million, or about $299 per square foot.

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IN THIS ARTICLE


  • Properties
    • FedEx

      30 Superior Dr, Natick, MA