Hines Global Income Trust Acquires 27-Acre Industrial Campus In Wilmington For $72.79M

The industrial property located at 36 Upton Drive in Wilmington, MA encompasses 27 acres, featuring a total square footage of 100,000. The transaction was finalized at a sale price of $72,789,750, resulting in a price per square foot of $728.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $72,789,750
• Address: 36 Upton Drive
• Market: Wilmington, MA
• Acres: 27
• Square Footage: 100,000
• Price per Square Foot: $728
• Buyer: Laura Hines-Pierce & Jeffrey C. Hines - Hines Global Income Trust
• Seller: Jonathan G. Davis - The Davis Companies

The acquisition involved Laura Hines-Pierce and Jeffrey C. Hines representing Hines Global Income Trust, who purchased the property from Jonathan G. Davis, representing The Davis Companies. This transaction showcases a significant investment in the industrial sector in the Wilmington market.