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Investors buy warehouse properties on Orleans Street for $12M

Investors buy warehouse properties on Orleans Street for combined $12M February 24, 2021 Industrial properties with two warehouses on Orleans Street near Rocketts Landing recently sold for a combined $12 million. ( Mike Platania photos) As Rocketts Landing continues its ascent with more multifamily and mixed-use projects, some neighboring industrial land has drawn the eye of investors. Two tracts totaling 13.5 acres at 200 and 300 Orleans St. sold earlier this month for a combined $12.04 million, city property records show. The parcels were most recently assessed by the city at a combined $6.8 million. The buyer was an entity tied to Ryan J. Gofus. Per his LinkedIn, last year Gofus co-founded New Jersey-based Rampart Real Estate Partners with New York City’s William McAloon.

Agents selected for Manchester design and build logistics scheme

Colliers, Lambert Smith Hampton and DTRE have been selected as joint agents for Canmoor Developments 300,000 sq ft plus Lowry Park scheme in Newton Heath, Manchester. The 14.08 acre site will be developed on a built-to-suit basis with the developer submitting a planning application for multi-let units totalling 300,000 sq ft, or alternatively the site could accommodate one single unit of up to 315,800 sq ft. Construction is expected to commence in March 2021. Lowry Park is situated in Newton Heath, just 4.2 miles from junction 22 of the M60 and 5.2 miles from Manchester city centre. John Sullivan, Director of Colliers International’s Manchester Industrial & Logistics team, who sold the site to Canmoor and has subsequently been retained to market the design & build development opportunity, said: “Demolition of the existing units has begun on site and a planning application has been submitted to construct high specification units for B1, B2 and B8 uses.

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