If the “last mile” is somewhere on the Everett/Chelsea line, then that spot must be in the Produce Center area as Boston developers seem to be scrambling to develop “last mile” (i.e., e-commerce companies like Amazon) distribution facilities there at a fast clip.
Recently, The Davis Companies (TDC) purchased two large warehouses on Beacham Street from James Ruma and family for $13.85 million in what would be their second major purchase in the area in the last year. The warehouses are just over the Chelsea line in Everett next to what used to be King Arthur’s Strip Club.
“The Davis Companies continues to invest in properties and communities that offer last mile opportunities and Everett is an outstanding location with a number of possibilities,” read a statement on the purchase from TDC.
The two properties are just over the Everett line from Chelsea, and are currently used for the Ruma Fruit and Produce company and its many subsidiaries – which includes importing unique Fiddleheads produce. The current warehouse is about 96,000 sq. ft.
The purchase comes just as TDC is finishing up the permitting process in Everett for a “last mile” distribution center built on spec without a tenant yet at the old Boston Market Terminal, on Second Street and Market Street on the Everett/Chelsea line. The company purchased that property in 2019 for $28.5 million.
They have proposed a 220,000 sq. ft. brand new ‘last mile’ distribution facility for the property, hoping to find an e-commerce tenant like Amazon. There has been no announcement on whether or not a tenant has been signed yet, but an announcement is expected before the end of the year.