Avis-Leased IOS Facility Trades Near Logan Airport

Affiliates of North River Company and REMAP, in partnership with Equity Resource Investments, have acquired 320 Charger Street North and South, a contiguous 8.6-acre industrial outdoor storage campus in Revere, MA, less than 10 minutes from Boston Logan International Airport. The campus is fully leased on a long-term, triple-net basis to Avis, with capacity for 1,100 vehicles.

Avis has operated at the north site since 2022 and executed a new 20-year lease on the south site, expanding its footprint to the full campus. With improvements complete, Avis took full occupancy on July 10..

“Few sites work harder for Boston than this one. Assembling this campus took years. Today, it serves as essential infrastructure for New England’s primary international gateway. We are delighted to own this asset alongside REMAP and Equity Resource Investments,” said Christopher Pachios, Partner and VP, North River Company.

Bar Harbor Bank & Trust provided senior financing for the acquisition. Cushman & Wakefield’s team of John Alascio, Alex Hernandez, Rob Borden, and Chris Meloni served as debt advisor to the partnership.

Read More News Stories About: Cushman & Wakefield

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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