**Seyon Group Acquires Industrial/Flex Portfolio in Boston’s North Submarket**
JLL Capital Markets has successfully closed the $12.5 million sale of a two-building light industrial/flex portfolio located at 300 Willow Street and 125 Flagship Drive in North Andover, Massachusetts. The properties total 80,477 square feet.
The transaction was facilitated by JLL Managing Directors Michael Restivo and Brian Tisbert, along with Directors David Coffman and Tommy Hovey, who represented the undisclosed seller. The purchaser is The Seyon Group.
The portfolio is currently 85% leased to four tenants operating across a range of industries, including healthcare services, corporate furniture installation, plastic fabrication, and supercritical fluid extraction. The assets are situated within the North submarket—an area recognized as one of Massachusetts’ top-performing industrial markets, thanks to its strategic location between Southern New Hampshire and Boston.
Commenting on the deal, Restivo said: “The North submarket continues to outperform Greater Boston industrial metrics in both vacancy and rent growth. The portfolio’s strategic location combined with significantly below-market rents provides the new ownership with substantial near-term upside as leases roll, while benefiting from the market’s diverse tenant base that extends well beyond traditional e-commerce and logistics users.”
