Oliver Street Capital And Bain Capital Real Estate Acquire Wilmington, MA Industrial Property For $49.5M

Oliver Street Capital and Bain Capital Real Estate have jointly acquired a 187,589-square-foot warehouse/distribution facility located at 326 Ballardvale Street in Wilmington, MA. The property was sold by Marcus Partners for a total price of $49.5 million. This industrial asset features a price per square foot (PPSF) of $264.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $49,500,000
• Address: 326 Ballardvale Street
• Market: Wilmington, MA
• Buyer: Jon Hyde - Oliver Street Capital & Dan Cummings - Bain Capital Real Estate
• Seller: Paul Marcus - Marcus Partners
• Brokers: Anthony Hayes, Chris Skeffington, Doug Jacoby, Roy Sandeman, Scott Dragos, Timothy Mulhall & Daniel Hines - CBRE
• Square Footage: 187,589
• Price Per Square Foot (PPSF): $264

Oliver Street Capital, led by Jon Hyde, and Bain Capital Real Estate, represented by Dan Cummings, have successfully completed the acquisition of the warehouse/distribution facility in Wilmington, MA. The deal was facilitated by a team of brokers from CBRE, including Anthony Hayes, Chris Skeffington, Doug Jacoby, Roy Sandeman, Scott Dragos, Timothy Mulhall, and Daniel Hines. This transaction highlights the strategic collaboration between Oliver Street Capital and Bain Capital Real Estate in expanding their industrial property portfolio.