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SolarREIT has closed a lease-purchase for more than 125 acres of land with 31.46MW of solar in MA with cranberry grower A.D. Makepeace Company.

SolaREIT Closes Its Largest Lease Acquisition in Massachusetts with Cranberry Grower

Vienna, VA-based SolaREIT, a solar real estate investment fund, has closed a lease-purchase for more than 125 acres of land with 31.46 MW of solar in MA.

The deal with Wareham, MA-based A.D. Makepeace Company (which according to the company is North America’s largest cranberry grower and the largest private property owner in eastern MA) is SolaREIT’s largest yet in MA.

SolaREIT launched in late 2020 and utilizes a model that provides landowners with options for financing and utilizing their land to host solar farms. SolaREIT partners with solar developers and landowners to provide a range of options for taking advantage of solar development on their land.

“Solar aligns with our company’s core values and respect for the land,” said James Kane, president and the CEO of the A.D. Makepeace Company. “Respect for the environment guides everything we do at the A.D. Makepeace Company and our solar installations are an important part of that.”

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A.D. Makepeace Company's Kane

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.

  • ◦Sale/Acquisition
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