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Boston & New England  + Metro Boston  + Industrial  | 
Oliver Street Capital and Bain Capital Real Estate has acquired an industrial building in Peabody, MA with $20.4 million in acquisition financing from Metro Credit Union.

$20M Financing Secures 157K-SF Industrial Building in Peabody

JLL has arranged $20.4 million in acquisition financing for a fully leased, 157,293-square-foot industrial building at 1 Second Street in the northern Boston suburb of Peabody, MA.

Brett Paulsrud and Amy Lousararian of JLL worked on behalf of the borrower, a partnership between Oliver Street Capital and Bain Capital Real Estate, to place the seven-year, fixed-rate, non-recourse loan with Metro Credit Union.

Constructed in 1986, 1 Second Street is home to two tenants, Wakefield Moving Storage and Paradigm Precision. The building offers its tenants 24-foot clear heights, 17 tailboard docks, one drive-in door and ample parking.

1 Second Street in Peabody is 18 miles north of Boston along Interstate 95 and routes 128 and 1. The property is within the 307-acre master-planned Centennial Park, which provides access to regional transportation infrastructure. The property is within Boston’s north warehouse and distribution industrial submarket, which according to JLL has seen increased demand and constrained supply.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing
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