JLL Capital Markets facilitated the sale and acquisition financing of 21 Parker Dr., a 109,300-square-foot industrial property in Avon, MA. The transaction totaled $18.5 million and involved Oliver Street Capital and Bain Capital Real Estate as sellers, while B&D Holdings was the buyer. JLL also secured a three-year fixed-rate loan through Provident Bank on behalf of the new owner.
Constructed in 1972 within Avon Industrial Park, 21 Parker Dr. boasts features such as clear heights ranging from 17 to 32 feet, a truck court depth of 135 feet, ample parking space and over an acre of outdoor storage area. Currently fully occupied by diverse tenants including Taylor Communications, HelloFresh and FreshPoint.
The team at JLL Investment Sales and Advisory led by managing director Michael Restivo along with director David Coffman represented the sellers during this deal’s negotiations. Additionally contributing to this successful transaction were managing directors Thomas E.Didio Jr., Amy Lousararian,and director Max Custer from JLL Debt Advisory team.
In recent news: Oliver Street Capital & Bain Capital Sell Industrial Property in Avon
