Boston & New England + Metro Boston + Industrial | October 5, 2022

IG Logistics LLC and Meadow Partners have acquired a 58,400-square-foot warehouse in North Billerica, MA for $10.8 million.

IG Logistics, Meadow Partners Drop $11M on Last-Mile Warehouse in North Billerica

IG Logistics, LLC, and Meadow Partners have acquired a 58,400-square-foot warehouse situated on 3.2 Acres in North Billerica, MA for $10.8 million in an off-market transaction. The property is 100% leased by SSG Pools.

Abie Kassin, David Schechtman, Connor DellAnno, and Brian Gladstone of Meridian Capital Group negotiated the sale-leaseback and represented both the buyer and seller in the transaction.

The property is at 12 Esquire Road about 20 miles north of Boston near the confluences of I-495, I-95 and Route 3. Other existing industrial sites and buildings in the immediate area host a variety of pharmaceutical, logistics and warehousing businesses.

IG Logistics LLC, Imperium Capital’s industrial platform, is an owner/operator of industrial properties that have a large outdoor storage or transportation component. The company specializes in acquiring and developing infill assets in high barrier to entry, urban growth markets where demand for logistics real estate is driven by e-commerce.

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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.

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