JLL Capital Markets brokers $20 million loan for fully leased industrial facility in Peabody, MA

 

Amy Lousararian

 BOSTON, MA – JLL Capital Markets has arranged  $20.36 million in acquisition financing for a fully leased, 157,293-square-foot industrial building at 1 Second St. in the northern Boston suburb of Peabody, Massachusetts.

 JLL worked on behalf of the borrower, a partnership between Oliver Street Capital and Bain Capital Real Estate, to place the seven-year, fixed-rate, non-recourse loan with Metro Credit Union.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Brett Paulsrud and Director Amy Lousararian.

 Brett Paulsrud

 Constructed in 1986, 1 Second St. is home to two tenants, Wakefield Moving Storage, a residential and commercial moving company that operates its headquarters from the property, and Paradigm Precision, which provides complex machining, fabrications and assemblies primarily for gas turbine engines.

The building offers its tenants 24-foot clear heights, 17 tailboard docks, one drive-in door and ample parking.

 CONTACT:

 Kimberly Steele

JLL Sr. Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com