Oliver Street Capital & Bain Capital Real Estate Acquire Wilmington Industrial Properties For $154M

The industrial property located at 21, 42, 65, & 80 Industrial Way, 1 Progress Way, & 844 Woburn Street in Wilmington, MA has been sold. The property spans a total area of 687,000 square feet and is situated on approximately 49 acres. The asset type is industrial, making it suitable for various industrial activities. The transaction took place on January 13, 2021, and the sale price amounted to $154,000,000. This amounts to a price per square foot of $224, indicating the value of the property in relation to its size.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $154,000,000
• Address: 21, 42, 65, & 80 Industrial Way, 1 Progress Way, & 844 Woburn Street, Wilmington, MA
• Market: Wilmington, MA
• Seller: I. Fred Dicenso Trust, LLC
• Buyer: Oliver Street Capital & Bain Capital Real Estate
• SF: 687,000
• PPSF: $224
• Acres: 49
• PPA: $3,142,857

The deal was facilitated by several real estate representatives from CBRE. The brokers involved in the transaction include Scott Dragos, Doug Jacoby, Chris Skeffington, Tony Hayes, Tim Mulhall, Roy Sandeman, and Daniel Hines. These individuals played a vital role in representing both the seller, I. Fred Dicenso Trust, LLC, and the buyer, Oliver Street Capital & Bain Capital Real Estate, throughout the negotiation and closing process.