News release

BJ’s Wholesale retail building on Massachusetts border sells

JLL Capital Markets represented the owner on the sale of the triple-net-leased asset near Boston and Providence

February 17, 2022

Kimberly Steele

Capital Markets, Agency Leasing and Valuation Advisory PR
+1 713 852 3420

BOSTON, Feb. 17, 2022 – JLL Capital Markets announced today that it represented the seller in the sale of an 115,650-square-foot, single-tenant retail asset net leased to BJ’s Wholesale Club in the southern Massachusetts community of Attleboro.

BJ’s Wholesale Club (NYSE: BJ) is a leading membership-only warehouse club operator in the eastern United States. Founded in 1984, the company pioneered the wholesale club model in New England and currently operates 221 locations. BJ’s has operated at this location since the building was constructed in 2011, and the next closest BJ’s is 8.6 miles away.

The BJ’s is located at 287 Washington St. in Attleboro, which is a thriving community positioned on the Rhode Island-Massachusetts border approximately 10 miles north of Providence and 39 miles south of Boston. Situated along Route 1, the property’s location places it within the region’s major retail corridor, and it is surrounded by a population of more than 197,600 residents earning an average annual household income of $81,621 within a five-mile radius.

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Managing Director Nat Heald, Senior Managing Director Chris Angelone and Associate Zach Nitsche.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.