Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Equity Industrial Acquires Georgetown Warehouse in Sale-Leaseback
JLL Capital Markets finalized the sale and leaseback of 4 Carleton Dr., a 59,480-square-foot warehouse and light manufacturing facility in Georgetown, MA. Managing director Michael Restivo and directors David Coffman and Tommy Hovey facilitated the sale-leaseback transaction to Equity Industrial Partners, while managing director Anthony Cutone and director Ryan Parker subsequently secured acquisition financing on behalf of the new owner through a fixed-rate, 10-year loan.
Located on 8.6 acres near the Interstate 95/Route 133 interchange, 4 Carleton Dr. features four tailboard-high loading docks, three drive-in doors, 21-foot clear height and 71 parking spaces. The building also offers a 15-ton bridge crane, 1,200 amps of three-phase electrical service, and ample trailer parking and laydown storage space.
Built in 2004 with steel frame construction, the facility includes 52,040 square feet of warehouse and manufacturing space complemented by 7,440 square feet of recently renovated mezzanine office space.
- ◦Sale/Acquisition
