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JLL Arranges $92M Financing for Wilmington Robotics Campus
JLL Capital Markets secured $92 million in financing for Fordham Park Robotic and Logistics Campus, a three-building robotics, R&D and distribution park in Wilmington, MA. A JLL Debt Advisory team led by senior managing director Tom Sullivan worked on behalf of the borrower, Carlisle Capital Corporation, to secure a five-year loan through M&T Bank.
Located at 100-110 Fordham Rd., the 393,911-square-foot campus sits on 40.1 acres and features high-bay R&D, robotics and distribution space. The park is fully leased to credit tenants in e-commerce, warehouse automation/robotics and semiconductor equipment/industrial automation industries.
“Fordham Park represents the premier robotics and logistics campus in Boston’s best industrial submarket,” said Sullivan. “The sponsor’s execution of a complete repositioning of the park created incredible leasing demand and made it one of the most unique financing opportunities for lenders in this environment. The northern Boston submarket continues to demonstrate strong fundamentals and remains a desirable location for industrial and R&D tenants.”
- ◦Financing
