Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Brokers Sale of Fully Leased, 228,921 SF R&D and Industrial Property

Jayden Lapin-Tatman • 1/11/2022

North Reading, MA – January 11, 2022 – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of 300 Riverpark Drive, a 228,921-square-foot R&D and industrial property located in North Reading, Massachusetts.  The final sale price was $82,550,000.   

Cushman & Wakefield’s Dave Pergola, Brian Doherty and Pete Rogers represented the sellers, Lincoln Property Company, the Ritz Banc Group and Ibdar Capital.  Wheelock Street Capital and Camber Development acquired the asset.   

The fully leased property is utilized as the corporate headquarters of a company that manufactures mobile robotic fulfilment systems and houses several mission critical operations, including product development and prototype manufacturing business lines.   

“We are pleased to have found the right buyer for this exceptional investment opportunity,” said Pergola.  “300 Riverpark Drive is a premier asset with state-of-the-art infrastructure and buildout, including clean energy supplied through rooftop solar and is a superb location for this company’s modern corporate and R&D headquarters.” 

300 Riverpark Drive is situated on over 20 acres of land in a modern, master-planned corporate campus comprised of seven buildings. The asset features new lobby and office space, robust power and sewer capacity, multiple levels of mezzanine infrastructure and ample parking and loading spaces. 

300 Riverpark Drive is located directly off Interstate 93, allowing direct access to the surrounding Boston and Cambridge areas. 

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit or follow @CushWake External Link on Twitter.


Get in touch with one of our professionals.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All