JLL Capital Markets arranged the sale of 800 Salem St., a newly constructed, fully leased Class A industrial logistics facility totaling 237,880 square feet in Wilmington, MA. Senior managing director Michael Restivo, senior director David Coffman and director Tommy Hovey represented the seller, a partnership between Camber Development and Wheelock Street Capital. Senior managing directors Tom Sullivan and Matt Stewart arranged the acquisition financing on behalf of the new owner, securing a fixed-rate, 10-year loan.
Built in 2025, 800 Salem St. is leased on a long-term basis to a single tenant operating a specialized same-day delivery fulfillment center and identified in published reports as Amazon. The facility is located directly off Interstate 93, providing immediate highway access.
“800 Salem is a market-leading project that epitomizes what our team sets out to do – identify a well-located site, build a highly functional and sustainable building and lease it to a credit tenant for mission-critical operations,” said Tucker Kelton, founding partner at Camber Development.
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