JLL Capital Markets arranged $10.1 million in aggregate financing for the acquisition of two industrial facilities totaling over 64,000 square feet near Boston. Senior director Max Custer, managing directors Amy Lousararian and Thomas E. Didio Jr., associate Chris Barry and analyst Christian Badalamenti worked on behalf of the borrower, B&D Holdings, to secure the fixed-rate loans through two Boston-area banking institutions.
The portfolio includes a 34,100-square-foot specialized cold storage and freezer facility at 1668 Shawsheen St. in Tewksbury, MA. Built in 2000, it is fully occupied by Walden Local Meats.
The second property is a 30,360-square-foot industrial facility at 45 Research Dr. in Haverhill, MA. The single-story industrial building was built in 1982 and sits on a 7.0-acre parcel in the Lawrence/Andover submarket.
“We continue to see ample liquidity within the capital markets for well-located industrial properties managed by quality borrowers such as B&D Holdings,” said Custer.
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