Boston – The Seyon Group recently announced it has acquired 560 West Street in Mansfield, Massachusetts – a 350,000sf Class A warehouse facility located in the 95 South submarket of Greater Boston. The sale closed on March 30, 2018 for a purchase price of $38.5 million.
560 West Street is a “cross-dock” warehouse, a type of facility where two opposite sides of a building are lined with loading docks for trucks, enabling physical products to be received, sorted, stored for a short period of time and loaded out the building’s other side for delivery to an ultimate customer or the next point along a supply chain.
Cross-dock warehouses are preferred by e-commerce and other users employing modern logistical practices, though they are extremely rare in the Greater Boston market, where land costs have limited state-of-the-art warehouse construction. The Seyon Group’s internal analysis suggests there are just 12 cross-dock facilities in Greater Boston, and this 2009-built facility, with 37-foot ceilings, has the market’s largest usable cross-dock volume.