Boston-based developer buys site of proposed Lancaster distribution park for $5.7M.
Description
GFI Partners, a Boston-based developer focusing on industrial properties, has purchased the site of a proposed industrial park in Lancaster for $5.73 million.
The 25-acre parcel located at 696 Fort Pond Road was sold to an entity managed by GFI Partners by Mountain Laurel Realty Co. of Lunenburg on Dec. 12, according to Worcester District Registry of Deeds records.
Plans for the site, dubbed the Fort Pond Commerce Center, call for the construction of three industrial buildings ranging 159,000-square-feet to 297,500-square-feet, according to a listing for the property on Colliers.com.
Details
Updated on January 7, 2025 at 7:26 pm-
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