JLL closes $17.85 million sale of 67,000 s/f warehouse facility - Sagard Real Estate acquired the asset

Woburn, MA JLL Capital Markets completed the $17.85 million sale of 8 Roessler Rd., a 66,970 s/f warehouse facility located in Greater Boston’s Rte. 128 North submarket.

JLL represented the seller, a joint venture between Oliver St. Capital and Bain Capital’s Real Estate team, in the sale. Sagard Real Estate acquired the asset.

The facility has served as the headquarters for Atlantic Plywood Corp., one of the largest suppliers of hardwood plywood and panel products on the East Coast, since 1987. Set on 3.33 acres, the facility features 24-ft. clear heights, front-loading configuration with two dock-high doors and four drive-in doors, plus 55 automobile parking spaces. Unique to the Boston market, the property includes rail access, enhancing its distribution capabilities.

The property is located at the intersection of I-93 and I-95, providing connectivity to major highway networks, as well as last-mile accessibility to Boston’s business community. The central, access-oriented location offers proximity to dense blue-collar labor pools while leveraging major transportation arteries for regional and national distribution.

The JLL Capital Markets team was led by managing director Michael Restivo, director David Coffman and director Tommy Hovey.

“The exceptional response from our marketing campaign demonstrates the scarcity and desirability of infill industrial assets with long-term, credit-worthy tenancy,” said Restivo. “Having a headquarters user like Atlantic Plywood with nearly 40 years of occupancy history, combined with the property’s irreplaceable location at major highway intersections, created a perfect storm. Investors recognized this rare combination of income stability and strategic positioning simply doesn’t come to market frequently in Greater Boston’s supply-constrained environment.”