Davis Companies Acquires Industrial Portfolio In Wilmington & Methuen For $44.25M

Industrial properties located at 26, 35 & 37 Upton Drive, 36 & 38 Upton Drive, and 1 Aegean Dr in Wilmington and Methuen were recently sold in a closed transaction. The sale was facilitated by Kerry Hawkins from JLL on behalf of the seller, PGA Realty Company, LLC. The buyer, Davis Companies, represented by Jonathan Davis and Stephen Davis, acquired the properties.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $44,250,000
• Address: 26, 35 & 37 Upton Drive, 36 & 38 Upton Drive, and 1 Aegean Dr
• Market: Wilmington & Methuen

In this transaction, the industrial properties spanning a total of 156,276 square feet were sold at a price per square foot of $283. This purchase by Davis Companies marks a notable investment in the Wilmington and Methuen markets.

Kerry Hawkins from JLL played a key role as the broker in facilitating the deal between the seller, PGA Realty Company, LLC, and the buyer, Davis Companies represented by Jonathan Davis and Stephen Davis.