Kingston OKs Massive Distribution Center


Image courtesy of 266 Route 125 LLC

Planning officials in Kingston have approved a massive distribution center planned for a wooded parcel next to an existing, smaller industrial property, however the building’s anchor tenant is still a mystery.

The town Planning Board voted 6-1 to back Hillwood Enterprises’ 800,000-square-foot logistics facility at 266 Route 125, which was coupled with the renovation of an existing 112,160-square-food distribution center next door built in 1990.

The property is a short drive from both Massachusetts’ Interstate 495 and NH 101.

Media reports say the developer, an LLC with an address listed at a flex-industrial building in Hudson, has signed an anchor tenant but that tenant is not Amazon.

The New Hampshire industrial market saw 188,702 square feet of positive absorption in 2020 according to Colliers International and ended the fourth quarter of 2020 with an occupancy rate of 95.6 percent, with overall rents sitting at $7.05 per square foot, triple-net, a $0.51 increase year-over-year.