Vigilant Real Estate Holdings secures $15.1m financing for industrial acquisition - arranged by JLL Capital Markets

Avon, MA JLL Capital Markets has arranged $15.1 million in acquisition financing for a two-property industrial portfolio totaling 129,380 s/f. The properties at 20 and 40 Ledin Dr. are strategically positioned within the Avon Industrial Park with access to Rte. 24 and I-93.

JLL worked on behalf of the borrower, Vigilant Real Estate Holdings, to secure a five-year, fixed-rate loan through M&T Bank. 

The properties were purchased for $22.65 million and are fully leased to Waste Management (WM), North America’s largest provider of comprehensive environmental and waste services. The buildings feature 15 loading docks combined with ceiling heights ranging from 17 to 32 feet across 6.56 acres of land. The 48,300-s/f building at 20 Ledin Dr. was recently renovated in 2025, while the 81,080-s/f facility at 40 Ledin Dr. has housed Waste Management operations since 2001.

Located just 20 miles south of downtown Boston, the properties benefit from direct connectivity to major transportation arteries serving both the Greater Boston metropolitan area and Providence markets within a one-hour drive. The Avon Industrial Park has evolved into a significant logistics hub encompassing 3.2 million s/f across nearly 70 buildings, housing more than 120 companies and over 3,600 employees.

“The acquisition of 20 and 40 Ledin reinforces our high conviction in credit-leased infrastructure assets in core locations. Anchored by Waste Management under a long-term lease, the asset aligns with our focus on mission-critical uses,” said David Fowler, Vigilant, Managing Principal. 

The JLL Capital Markets team was led by Managing Director Amy Lousararian and Analyst Anthony Nakhle.

“Vigilant Real Estate Holdings has demonstrated exceptional expertise in identifying and executing strategic industrial acquisitions,” said Lousararian. “This acquisition represents their third and fourth Waste Management facilities in the Greater Boston area, building on their successful 2024 acquisition of two properties in Woburn that were also fully leased to WM. The combination of experienced sponsorship, strategic location and strong tenancy positions the investment for outsized performance in the Route 24 industrial market.”

“M&T Bank is proud to work with JLL Capital Markets to provide financing in support of Vigilant Real Estate Holdings’ acquisition of 20 and 40 Ledin Dr. in Avon,” said Corey Rosenfield, M&T Bank’s SVP and Regional Head of Commercial Real Estate in Massachusetts. “This competitive financing helps enable longterm investment in high-quality real estate and reflects M&T’s commitment to being a reliable, collaborative financing partner and delivering solutions to meet our clients’ needs.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.