Affiliate Of Fidelity Investments Purchases Industrial Asset From Tucker Kelton And Partners For $100M

An affiliate of Fidelity Investments acquired a 238,000-square-foot warehouse located at 800 Salem Street in Wilmington, Massachusetts. The sale price for the industrial asset was $100 million, translating to a price per square foot of $420. The property is a newly built, fully leased facility currently occupied by Amazon as a fulfillment center.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $100,000,000
• Square Footage: 238,000
• Price per Square Foot: $420
• Buyer: Affiliate of Fidelity Investments
• Seller: Tucker Kelton - Camber Development; Merrick Kleeman & Jonathan Paul - Wheelock Street Capital
• Broker: JLL
• Market: Wilmington, MA

The deal featured key participants including Tucker Kelton from Camber Development and the partnership of Merrick Kleeman and Jonathan Paul from Wheelock Street Capital, all of whom sold the asset that accommodates Amazon's fulfillment operations. JLL acted as the broker representing the transaction.