BGO acquires newly constructed industrial asset in Wrentham - sale arranged by JLL Capital Markets

Wrentham, MA JLL Capital Markets has arranged the sale of 545 Washington St., a 132,055 s/f Class A industrial warehouse facility. JLL represented the seller, Bluewater Property Group and Affinius Capital, in the transaction. BGO acquired the asset.

Completed in 2023, 545 Washington St. is a high-bay warehouse situated on 13.6 acres and designed to meet modern logistics and distribution requirements. The property features 36-foot clear heights, 30 dock-high doors, two drive-in doors, 13 trailer parking spaces, 155 vehicle parking spaces, 3,000 amps of power, ESFR fire protection and LED lighting. Constructed with insulated precast concrete walls, the facility offers institutional-quality design and functionality for a range of warehouse, distribution and light industrial users.

The property is 100% occupied by two tenants and the asset’s suite configuration, loading infrastructure and trailer storage capabilities are designed to support the operational needs of midsized occupiers; a segment that continues to drive demand across the Greater Boston market.

Located at 545 Washington St., the property benefits from direct access to Rte. 1 and close proximity to I-495, I-95 and I-295, providing connectivity throughout New England. The facility is positioned 21 miles from Providence, 30 miles from Boston and 42 miles from Worcester, enabling efficient access to major population centers, transportation networks and consumer markets throughout the region.

Situated within Greater Boston’s South industrial market, the property serves one of New England’s key distribution corridors. The location provides access to a deep regional labor pool across southeastern Massachusetts and northern Rhode Island and supports a diverse employment base that includes logistics, manufacturing, healthcare, life sciences and technology-related industries. The property’s modern design and strategic location make it attractive to logistics, warehouse and distribution users serving the New England region.

The JLL Capital Markets team was led by senior managing directors Michael Restivo and John Plower, along with senior director David Coffman and director Tommy Hovey. Senior managing director Joe Fabiano from JLL’s Leasing Advisory team also assisted in the sale.

“Investors recognized the compelling combination of institutional-quality construction, diversified tenancy across essential logistics sectors and the property’s unmatched access to New England’s primary transportation corridors,” Restivo said. “The ability to acquire a stabilized, newly built asset with income certainty in a market experiencing tightening fundamentals drove strong buyer interest throughout the marketing process.”