Wilmington, MA On behalf of the partnership between real estate investment management firms Oliver Street Capital and AEW Capital Management, JLL completed the purchase of 25 Industrial Way for $14.85 million. The property consists of 120,000 s/f warehouse/distribution center on 5.76 acres.
JLL managing director Christopher Decembrele represented the buyers, while the building sellers Crystal Motors represented themselves.
“Assets of this quality and location are scarce and we’re excited to add it to our portfolio” said Jon Hyde, managing principal at Oliver Street Capital.
“This property offers the perfect location for industrial users looking for convenient access to urban and suburban markets,” said Decembrele. “It’s a great addition to both Oliver Street and AEW’s industrial offerings and perfectly aligns with their investment needs.”