{"id":1004194684,"date":"2017-10-23T06:11:52","date_gmt":"2017-10-23T14:11:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194684"},"modified":"2018-08-08T08:01:20","modified_gmt":"2018-08-08T16:01:20","slug":"amazon-robotics-ma-hq-trades-for-45m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/","title":{"rendered":"Amazon Robotics MA HQ Trades for $45M"},"content":{"rendered":"<p>by Corina Stef<\/p>\n<div id=\"attachment_1004194692\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194692\" data-attachment-id=\"1004194692\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/attachment\/13956\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"300 Riverpark Drive, North Reading,  Mass.\" data-image-description=\"&lt;p&gt;300 Riverpark Drive, North Reading,  Mass.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;300 Riverpark Drive, North Reading,  Mass.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg?w=1000\" class=\"wp-image-1004194692 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg\" alt=\"300 Riverpark Drive, North Reading,  Mass.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194692\" class=\"wp-caption-text\">300 Riverpark Drive, North Reading, Mass.<\/p><\/div>\n<p>Tritower Financial Group has disposed of a\u00a0209,000-square-foot R&amp;D building in North Reading, Mass., which serves as global headquarters for Amazon&#8217;s robotics division. The buyer, a partnership\u00a0of\u00a0Lincoln Property Co., Ibdar Bank and Ritz Banc Group, purchased the asset for $45.1 million.<\/p>\n<p>The two-story property is unique, in that\u00a0it is the only facility in the world that designs, assembles and tests\u00a0the robotics equipment used by all of the Amazon distribution facilities. Additionally, the property\u00a0has undergone a series of improvements, including the addition of a 750-kilowatt solar array on the building\u2019s roof and a 20,000-square-foot expansion.\u00a0<\/p>\n<h2>Prestigious neighbors<\/h2>\n<p>Located at 300 Riverpark Drive, the property is situated in the vicinity of MIT and Harvard. Neighborhood amenities include retailers, eateries, green spaces and fitness centers.\u00a0<\/p>\n<p>CBRE New England\u2019s\u00a0Dave Pergola and Brian Doherty represented the seller in the transaction. The same team handled the <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-to-handle-sale-of-reebok-mass-hq\/\">sale of the Reebok headquarters<\/a> in Canton, Mass.<\/p>\n<p>\u201c<em>By taking a value-added approach to this single-tenant, net-leased asset, we were able to generate excellent returns for our investors while providing green energy and additional space for Amazon Robotics to continue its revolutionary advancement in warehouse robotics,<\/em>\u201d Tritower Partner &amp; Director of Acquisitions Tod Brainard said in a prepared statement.<\/p>\n<p>According to public records, the property previously changed hands in 2013 for $32.3 million, when Tritower purchased it from DivcoWest.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lincoln Property Co. has teamed up with Ibdar Bank and Ritz Banc Group in order to acquire the only facility in the world that designs, assembles and tests Amazon&#8217;s entire robotics equipment arsenal.<\/p>\n","protected":false},"author":241,"featured_media":1004194692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21781,21743,21783,21752,21742,10],"tags":[37482,32789,32838,38039],"class_list":["post-1004194684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-corporate-real-estate","category-deals","category-investment","category-mixed-use","category-latest","category-northeast","tag-amazon","tag-cbre","tag-lincoln-property-company","tag-tritower-financial-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon Robotics MA HQ Trades for $45M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Robotics MA HQ Trades for $45M\" \/>\n<meta property=\"og:description\" content=\"Lincoln Property Co. has teamed up with Ibdar Bank and Ritz Banc Group in order to acquire the only facility in the world that designs, assembles and tests Amazon&#039;s entire robotics equipment arsenal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-23T14:11:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-08T16:01:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/\",\"name\":\"Amazon Robotics MA HQ Trades for $45M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg\",\"datePublished\":\"2017-10-23T14:11:52+00:00\",\"dateModified\":\"2018-08-08T16:01:20+00:00\",\"author\":{\"@id\":\"\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg\",\"width\":1000,\"height\":750,\"caption\":\"300 Riverpark Drive, North Reading, Mass.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Amazon Robotics MA HQ Trades for $45M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Amazon Robotics MA HQ Trades for $45M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/","og_locale":"en_US","og_type":"article","og_title":"Amazon Robotics MA HQ Trades for $45M","og_description":"Lincoln Property Co. has teamed up with Ibdar Bank and Ritz Banc Group in order to acquire the only facility in the world that designs, assembles and tests Amazon's entire robotics equipment arsenal.","og_url":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-10-23T14:11:52+00:00","article_modified_time":"2018-08-08T16:01:20+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/","url":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/","name":"Amazon Robotics MA HQ Trades for $45M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg","datePublished":"2017-10-23T14:11:52+00:00","dateModified":"2018-08-08T16:01:20+00:00","author":{"@id":""},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg","width":1000,"height":750,"caption":"300 Riverpark Drive, North Reading, Mass."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/amazon-robotics-ma-hq-trades-for-45m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Amazon Robotics MA HQ Trades for $45M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"","url":"https:\/\/www.commercialsearch.com\/news\/author\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/13956.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004194684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/241"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004194684"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004194684\/revisions"}],"predecessor-version":[{"id":1004194747,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004194684\/revisions\/1004194747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004194692"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004194684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004194684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004194684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}