Kadima Industrial Acquires Shallow Bay Woburn Property

JLL Capital Markets arranged the sale and financing of 215 Salem St., a 62,155-square-foot shallow bay industrial facility in Woburn, MA. Director Tommy Hovey, senior director David Coffman and managing director Michael Restivo represented the seller in the sale to Kadima Industrial Partners. Working on behalf of the new owner, director Ryan Parker on JLL’s Debt Advisory team arranged the acquisition financing with Webster 5 Cent Savings Bank.

Built in 1984, the property is positioned in Greater Boston’s Route 128 North submarket, 11 miles north of downtown Boston. The facility benefits from direct access to Interstates 93 and 95 and Route 3, providing connectivity to the region’s primary logistics networks and employment centers.

“The combination of last-mile access to Boston, multiple highway connections and a diverse tenant roster spanning logistics, manufacturing and service sectors made this an exceptionally compelling acquisition for Kadima,” Hovey said. “Properties of this size and configuration in established infill locations continue to attract substantial buyer interest as land constraints limit new development.”

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