March 12, 2026 – Boston, MA – A.W. Perry, a relationship driven real estate investment and services firm with offices in Boston and Hingham, MA, along with its joint venture partner, Foxfield, is pleased to announce the recent sale of Lynnway Park, the 17‑acre former Garelick Farms and West Lynn Creamery campus, to North River Company, LLC. The transaction marks the culmination of a five‑year repositioning effort that transformed the aging former dairy facility into one of the area’s most dynamic commercial and industrial hubs.
Since acquiring the site in late 2020, the ownership team has delivered significant upgrades, including façade enhancements, new roofs, removal of obsolete wastewater treatment tanks, capital improvements to building systems, and modernization of campus infrastructure. These improvements helped attract a diverse mix of highgrowth companies and brought meaningful job creation to the neighborhood.
Over the past several years, Lynnway Park has seen strong momentum, with more than 160,000 square feet leased across 680 and 626 Lynnway and a growing roster of employers contributing to Lynn’s economic diversity. The most recent milestone is the lease and full occupancy of Global Protection Corp (GPC), which completed a substantial buildout of approximately 63,000 square feet and now employs more than 80 people on site. Their design‑forward, modern manufacturing space maintains thoughtful connections to the property’s historic roots and reflects the collaborative effort of Mayor Jared Nicholson, the City Council, the Planning Department, neighborhood stakeholders, and ownership.
The campus also includes established operators such as LSG SkyChefs, reinforcing Lynnway Park’s industrial strength, as well as mission‑driven employers like Wash Cycle Laundry, which expanded to 44,000 square feet and has tripled its workforce over the past two years through its inclusive “second‑chance” hiring program. Together, these tenants highlight the property’s transformation into a vibrant employment center and a meaningful contributor to the community’s long-term growth.
“Lynnway Park has been a remarkable example of what can happen when the private sector and the community work together with a shared vision,” said Bob Maloney, Executive Vice President/Managing Director of Acquisitions at A.W. Perry. “Over the past five years, we’ve been proud to steward this property, invest in meaningful improvements, and create an environment where businesses can grow and people can build long-term careers. The transformation of this campus, the hundreds of jobs created, and the strong tenant mix that has taken shape reflect the City of Lynn’s leadership and partnership at every step. We’re grateful for the collaboration from Mayor Nicholson, City Councilor Fred Hogan, the Planning and Economic Development Departments, and our neighbors, and we’re confident that North River Company will carry this momentum forward as Lynn’s waterfront continues to evolve.”
“Lynnway Park has become a powerful symbol of what collaborative investment can achieve for our city,” said Jared Nicholson, Mayor of Lynn. “The transformation of this site has brought new jobs, new opportunities, and new energy to our waterfront corridor. We’re grateful to A.W. Perry and Foxfield for their commitment to working closely with the community and the City to revitalize this high-profile vacant property, and we welcome North River Company as a partner in the next chapter. This is a moment of real momentum for Lynn and a reflection of the shared belief in our city’s future.”
“When Foxfield and A.W. Perry acquired Lynnway Park in 2020, we saw the potential to reposition a legacy industrial campus into a high-performing employment hub,” said Jeff Theobald, Managing Partner at Foxfield. “Through targeted capital improvements and a hands-on leasing strategy, we were able to attract a diverse group of tenants that contributed to Lynn’s economic vitality. We’re proud of what was accomplished alongside our joint-venture partners and the City of Lynn, and we look forward to seeing North River Company build on this strong foundation in the years ahead.”
“North River Company looks forward to working with the City of Lynn and Mayor Nicholson to build on the continued success of Lynnway Park,” said Christopher Flagg, President of North River Company. “AW Perry and Foxfield, together with the City of Lynn, made meaningful improvements to the campus while generating valuable local jobs, and we acknowledge and appreciate their excellent work and results.”
The sale was brokered by Frank Petz, Matthew Sherry and Jack Barrett of Colliers International.
About A.W. Perry
A.W. Perry is a fifth-generation, relationship-driven real estate investment and services firm, headquartered in Boston and Hingham, MA. Known for its premier commercial holdings including One Tech Campus, The Berkeley at 420 Boylston Street, and 77 Franklin Street, the firm delivers long-term value through quality development, property management, and community stewardship. For more information, visit www.awperry.com.
About Foxfield
Foxfield is a real estate investment and development company that focuses on industrial and residential markets. Headquartered in Boston, with offices in Atlanta, New York, and Philadelphia, Foxfield searches for unique investment opportunities throughout the East Coast. To date, Foxfield has transacted on $1.5 billion in acquisitions and currently has $1.0 billion in the development pipeline with more than 7 million SF in assets under management or development. Opening its doors in 2011, Foxfield has established a successful track record investing across asset classes and risk spectrums.
About North River Company
North River Company LLC (“NRC”) is a privately held, vertically integrated real estate investment, development and management firm based in New York City. NRC and its affiliates, Bulgroup Properties, was established in 1981. NRC invests in and manages real property on behalf of high net worth and institutional investors. The firm owns and operates more than 6 million square feet of mixed-use assets and over 300 acres of ground up development across 10 states, including Massachusetts, with a focus on high-growth, urban markets. Its highly diversified portfolio holdings include industrial, office, retail, residential, mixed-use, and specialty assets such as fine art storage, medical office, lab and industrial outdoor storage. With over $3 billion in completed transactions, strong public-private relationships and extensive investment management experience, NRC has a proven track record of owning and operating real estate. For more information, please visit www.northriverco.com.
