**Rhino Capital Acquires Kidde-Fenwal Facility in $27.87M Off-Market Deal**
Rhino Capital Advisors has acquired a two-building industrial property in Ashland, Massachusetts for $27.87 million. The site, located at 400 Main Street and 50 Leland Avenue, totals 218,316 square feet and sits on 18 acres in the western suburbs of Boston.
The property is fully leased to Kidde-Fenwal, a subsidiary of United Technologies and a leading manufacturer of advanced fire suppression systems. The facility supports Kidde-Fenwal’s manufacturing, warehousing, and back-office operations. Key features of the site include 10 loading docks and 5,000 amps of power. Kidde-Fenwal operates globally with facilities in the U.S., the UK, and India.
JLL Capital Markets represented the sellers — Florida-based Pout Rock LLC and Cold Spring Brook LLC — in the off-market transaction. The Boston-based JLL Capital Markets team was led by Managing Directors Michael Restivo, Bob McGuire, and Sam Crossan, along with Directors David Coffman and Tommy Hovey.
