Updated Oct 2, 2026
Allan Swaringen Of JLL Income Property Trust Acquires Industrial Asset In Boylston For $90M
80 Pine Hill Drive
$90,000,000
$227/SF
Building Size
396,000 SF
Asset Type
Industrial
Closing
Sep 30, 2026
About this deal
AI
The Worcester Distribution Center, located at 80 Pine Hill Drive in Boylston, MA, was sold for a total price of $90,000,000. This industrial property encompasses 396,000 square feet, with a price per square foot calculated at $227. The facility is classified as Class A and was built in 2022, contributing to a fully leased logistics asset in the Greater Boston area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $90,000,000
- Square Footage: 396,000
- Price per Square Foot: $227
- Buyer: Allan Swaringen - JLL Income Property Trust
- Address: 80 Pine Hill Drive
- Market: Boylston, MA
Allan Swaringen represented JLL Income Property Trust in the acquisition, which adds to their industrial portfolio. The transaction reflects a strategic investment in modern logistics capabilities, enhancing their operational footprint in the region.
On the Map
$90,000,000
$227/SF
Industrial
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Players
Boylston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93