Allied Auctions 375,000 SF of Warehouse

SOUTHBOROUGH, MA-Continuing to consolidate regional operations into northern Massachusetts, Allied Cold Storage has retained DJM Realty Inc. and Sheldon Good & Co. to divest a pair of excess New England facilities via the auction route. The sealed-bid initiative has a Feb. 27 deadline.

“This joint venture combines industry leading experience through DJM Realty’s expertise in remarketing these properties to relevant buyers and Sheldon Good’s cutting-edge auction capabilities,” says DJM principal Mark Dufton. “We anticipate a very successful auction of these mixed-use properties.”

Sheldon Good & Co. CEO Steven Good reports that the 234,000-sf Rhode Island complex is attractive for continued use as a cold storage warehouse. Situated on 76 acres, the property has existing state-of-the-art freezer and refrigeration systems, as well as a dry warehouse application. It is located at 2700 Plainfield Pike or Route 14, offering quick access to major southern New England roadways, Downtown Providence, and the growing T.F. Green Airport. Zoning is M-2 to allow manufacturing, and Good says there is potential expansion of up to 125,000 sf.