Feeney property near Fields Corner has been sold to Wakefield developer

95 Gibson and 90 Parkman Streets.

A key industrial building near Fields Corner serving the Feeney Brothers Co. operations was sold last month for $8.5 million to a Wakefield developer that focuses on transitioning industrial property into e-commerce distribution centers.

The building at 95 Gibson and 90 Parkman streets was owned by an LLC associated with Brendan and Aidan Feeney and transferred on May 7 to an LLC controlled by Dean Atkins of Northbridge Partners. The building has historically been the equipment storage and repair shop for the Feeney Brothers excavation company.

Northbridge Partners did not return an email from the Reporter seeking comment on their plans. However, the company is known to focus on what is termed “last-mile distribution” centers for e-commerce companies like Amazon and E-Bay.

According to their website, “Northbridge identifies assets near major markets on the East Coast: (i) that are critical to the modern e-commerce supply chain and infill logistics and (ii) are located in densely populated areas where industrial tenant demand is high, but lack of available land restricts new supply.”

The Feeney Brothers operation also owns a large industrial building abutting Park Street near the Gibson/Parkman building that is in the Alsen-Mapes Industrial Park. They own substantial land holdings on the northern side of Park Street that serve as offices and parking lots.

Neighborhood leaders in Fields Corner were initially concerned about what the sale would mean to the Feeney Brothers operations, as the building was the key spot for them to service their fleet of trucks and heavy equipment.

Also, with Sturtevant Street being a major cut-through for traffic, but also a private way not officially open to vehicles, a concern was whether the new owners might block use of Sturtevant in the future.

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