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Boston & New England  + Massachusetts  + Industrial  | 

Dallas Investor Picks Up Boston-Area Industrial Portfolio

Dallas-based L&B Realty Advisors, LLP acquired a two-building industrial portfolio in suburban Boston on behalf of an institutional client from Novaya. JLL’s Capital Markets’ secured a $36.35 million, 10-year loan from a life insurance company to finance the purchase.

The 775,000-square-foot portfolio consists of two 32-foot clear height warehouse distribution buildings. They are: 1 Distribution Center Circle in Littleton, and 154 Campanelli Dr. in Middleborough (pictured). Both buildings are 100% leased, with the 275,000-square-foot Middleborough property occupied by a single tenant. The 480,000-square-foot Littleton property leased to six tenants.

JLL’s Robert Borden and Heather Brown led the team handling the financing transaction.

“This fixed-rate financing is backed by fully-leased, Class A buildings with secure and durable rent rolls in a fundamentally solid industrial market, and was secured on behalf of an exceptionally strong institutional sponsor,” said Borden.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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