105 Connecticut Drive in Burlington — Courtesy: Colliers International
By Joshua Burd
A firm that is relocating from New York has acquired a 40,500-square-foot industrial building in Burlington, in a deal brokered by Colliers International.
The buyer, Crossroads Industrial LLC, paid $2.7 million for the property at 105 Connecticut Drive, Colliers said in a news release. The firm will use the site as a warehouse for an operation known as NYB Distributors.
Marc Isdaner of Colliers represented the seller, while NAI Mertz represented the buyer. Morgan Stanley Bank is providing financing.
The single-story facility includes about 18,000 square feet of office space, 20-foot clear ceiling heights in the warehouse, four tailgate doors and one van-height door, the news release said. It sits within the Crossroads Business Park at Exit 47 of Interstate 295 and offers easy access to routes 73 and 130.