BOSTON – JLL Capital Markets introduced that it has closed the sale-leaseback of 550 Forbes, a single-tenant warehouse totaling 215,575 sq. toes positioned simply south of Boston in Mansfield, Massachusetts.
JLL represented the vendor, FCA US (Stellantis), within the sale, and Berkeley Companions acquired the asset.
The 100-percent-leased 550 Forbes is occupied by FCA US LLC, a subsidiary of Stellantis (“FCA US”), a world vehicle and mobility supplier. Upon the sale, FCA US shall be executing a sale-leaseback. The property options premier bodily fundamentals, together with 27-foot ceiling heights, beneficiant column spacing and 14 loading docks.
Located at 550 Forbes Blvd., the property is positioned throughout the sought-after Cabot Enterprise Park. The park ideally sits on the intersection of Southern New England’s main interstates of I-95 and I-495 offering seamless entry to enterprise and inhabitants hubs, reminiscent of Windfall, Boston and Worcester.
The JLL Capital Markets Industrial group representing the vendor was led by Managing Director Michael Restivo, Managing Director Joe Fabiano, Managing Director Dave MacDonald and Director Lenny Pierce. JLL can be dealing with the financing, led by Senior Managing Director Brett Paulsrud.
“The property introduced an distinctive alternative to amass premier bodily product inside a longtime enterprise park with lower than a 2% emptiness charge” mentioned Restivo. “We’re grateful to have the chance to work with each FCA US and Berkeley Companions all through this undertaking.”
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