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Oliver Street, Bain Capital Divest Avon Industrial
JLL Capital Markets arranged the $18.5-million sale and acquisition financing for 21 Parker Dr., a 109,300-square-foot industrial asset in Avon, MA. The sellers were Oliver Street Capital and Bain Capital Real Estate, and the buyer was B&D Holdings. Working on behalf of the new owner, JLL also arranged the fixed-rate, three-year loan through Provident Bank.
Built in 1972 and located within Avon Industrial Park, 21 Parker Dr. features 17- to 32-foot clear heights, a 135-foot truck court depth, ample parking and more than an acre of outdoor storage. The property is 100% leased to a diverse tenant base including Taylor Communications, HelloFresh and FreshPoint.
The JLL Investment Sales and Advisory team representing the sellers was led by managing director Michael Restivo and director David Coffman. Additionally, managing directors Thomas E. Didio, Jr. and Amy Lousararian and director Max Custer spearheaded the JLL Debt Advisory team.
