Oliver Street Capital and AEW Capital Management purchase 25 Industrial Way
The property , sold for $14.85 million, consists of 120,000 square- foot warehouse/distribution center on 5.76 acres
BOSTON, November 13, 2019 – On behalf of the partnership between leading real estate investment management firms Oliver Street Capital and AEW Capital Management, JLL announced today the purchase of 25 Industrial Way in Wilmington, Massachusetts for $14.85 million. The property consists of 120,000 square- foot warehouse/distribution center on 5.76 acres.
JLL Managing Director Christopher Decembrele represented the buyers in the transaction, while the building owners Crystal Motors represented themselves.
“Assets of this quality and location are scarce and we’re excited to add it to our portfolio” said Jon Hyde, Managing Principal at Oliver Street Capital. “
“This property offers the perfect location for industrial users looking for convenient access to urban and suburban markets,” said JLL’s Christopher Decembrele. “It’s a great addition to both Oliver Street and AEW’s industrial offerings and perfectly aligns with their investment needs.”
About Oliver Street Capital
Oliver Street Capital is a value based real estate investment manager focused on acquiring and managing high quality industrial real estate investments. With 30 years of commercial real estate experience, the firm has represented over $1.8 billion in total transactions. For more information visit: https://www.oliverst.com/.
About AEW Capital Management
With over 35 years of real estate experience, AEW Capital Management has led the way in creating and executing real estate investment strategies on behalf of the world's foremost institutional investors. As one of the largest real estate investment managers in the world, the firm has over 400 clients with $76 billion in assets under management across all property types in North America, Europe and Asia Pacific. For more information visit: https://www.aew.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.