JLL Arranges Sale of 50K-SF Industrial Facility in Malden
JLL has arranged the $7.3 million sale of a 50,000-square-foot industrial facility within a Qualified Opportunity Zone in the suburban Boston community of Malden. Michael Restivo and Matthew Sherry of JLL represented the seller, a private family, in the transaction. The buyer was real estate investment firm Eastern Real Estate.
Located on nearly two acres at 60 Winter St. in Malden, the property is adjacent to the Oak Grove Orange Line Station. The single-story facility is currently fully leased to Kansas City-based aerospace company Enjet Aero.
“Industrial continues to draw demand from both investors and tenants,” said Restivo. “Well-located, functional facilities like 60 Winter Street should continue to outperform, and we are pleased to have been involved in this transaction.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.