Updated Sep 2, 2026
JLL Secures $62.5 Million Loan For Advanced Manufacturing Campus In Bedford Massachusetts
44 Middlesex Turnpike
$62,500,000
$421/SF
Building Size
148,458 SF
Asset Type
Industrial
Closing
Aug 31, 2026
About this deal
AI
A loan of $62,500,000 was arranged for a 23.4-acre advanced manufacturing campus located at 44 Middlesex Turnpike in Bedford, MA. The property encompasses 148,458 square feet and serves the industrial sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $62,500,000
- Address: 44 Middlesex Turnpike
- Market: Bedford, MA
- Asset Size: 148,458 SF
- Acres: 23.4
- Landlord: Merrick Kleeman - Wheelock Street Capital & Camber Development
- Brokers: Brett Paulsrud, Steven (Steve) Klein, Ryan Parker, Hugh Doherty & Libby Horton - JLL
JLL Capital Markets facilitated the financing for the development, carried out by Wheelock Street Capital and Camber Development through Blue Light Capital, marking an important transaction in the industrial sector.
Players
Burlington Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93