B&D Holdings acquires fully leased 109,000 SF industrial asset in Avon, MA for $18.5 million

Amy Lousararian

BOSTON, MA, Dec. 05, 2024 –  JLL Capital Markets has arranged the $18.5 million sale and acquisition financing for 21 Parker Drive, a 109,300-square-foot industrial asset in Avon, Massachusetts.

 JLL represented the seller, Oliver Street Capital and Bain Capital Real Estate, in the sale to B&D Holdings. Working on behalf of the new owner, JLL also arranged the fixed-rate, three-year loan through Provident Bank.

21 Parker Drive, Avon, MA

Built in 1972, 21 Parker Drive features 17- to 32-foot clear heights, a 135-foot truck court depth, ample parking and over an acre of outdoor storage. The property offers suite options ranging from 5,600 to 49,080 square feet and is 100% leased to a diverse tenant base including Taylor Communications, HelloFresh and FreshPoint.

Strategically located within Avon Industrial Park, 21 Parker Drive provides superior accessibility to Boston's major transportation routes, including Routes 24 and 3, as well as Interstates 93, 95 and 495. This positioning facilitates seamless regional distribution, enhancing the property’s appeal to businesses seeking efficient transit links within New England’s bustling economic landscape.

Michael Restivo

The JLL Investment Sales and Advisory team was led by Managing Director Michael Restivo and Director David Coffman. Additionally, Managing Director Thomas E. Didio, Jr, Managing Director Amy Lousararian and Director Max Custer spearheaded the JLL Debt Advisory team.

 

“21 Parker Drive’s full occupancy, diverse tenant mix and substantial outdoor storage in an infill location exemplify the type of industrial assets that remain in high demand, even amidst rising interest rates,” said Restivo. “The competitive bidding process further emphasizes the sustained investor interest in strategically positioned industrial properties in the Greater Boston area.”

 

“This acquisition fits well into B&D’s main investment focus of highly functional infill shallow-bay warehouse and IOS industrial assets with strong leasing undercurrents”, added Rob Logan, Principal of B&D Holdings. “The Boston industrial market is a focus for our team, and we look forward to building off this investment as we explore future opportunities in the region.”

David Coffman.

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.

For more news, videos and research resources, please visit JLL’s newsroom. 

 

 

About Oliver Street Capital

 

Oliver Street Capital is a Boston-based real estate investment firm focused on acquiring industrial properties on the east coast. The firm was founded in 2014 by Jonathan Hyde and Jonathan O’Donnell and has acquired over approximately 6 million square feet of industrial buildings as a firm. To find out more, please visit www.oliverst.com.

About Bain Capital Real Estate

Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services.  The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed $9.6 billion of equity as of September 30, 2024 in 633 assets across multiple sectors.

 

Thomas E. Didio, Jr,

About B&D Holdings

 

B&D Holdings is a privately-held investment and development firm located in New Jersey. B&D has built a best-in-class investment management firm rooted in its entrepreneurial and creative spirit, born out of the Segal Family’s successful ownership and operation of one of the nation’s leading building supply companies, Bradco Supply.

About Provident Bank

Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). The bank had assets of $24.04 billion as of September 30, 2024.

 

To learn more about Provident Bank, please visit www.provident.bank or call customer contact center at 800.448.7768.

 

Max Custer

About JLL

 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.

 A Fortune 500^® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. For further information, please visit jll.com.

 

 

 

CONTACT:

 

Grace Lewis, JLL PR

Phone: +1 903 520 3478  

Email: grace.lewis@jll.com

 

 

New Multi-Year Lease to Orthopaedic Practice at Phillips Place in Orlando, FL Keeps Occupancy Up at 100 Percent

Darby Hold

ORLANDO. FL  --- Hold-Thyssen, Inc. a full service commercial real estate services firm headquartered in Winter Park, has completed a multi-year lease agreement with Florida Center for Orthopaedics Inc. at Phillips Place in Southwest Orlando.

 

The upscale office/retail center at 7575 Dr. Phillips Blvd. is currently 100 percent leased. 

 

Phillips Place, 7575 Dr. Phillips Boulavard, southwest Orlando, FL

Darby Hold, Senior Director for Hold-Thyssen, Inc. negotiated the transaction on behalf of the landlord, Financial Way Realty, Inc. based in Cincinnati, Ohio.  Hold, who  handles the leasing and management of the 56,000 square foot Phillips Place, said other major tenants include Chatham’s Place Restaurant, Equity Investment Services and Erb & Young Insurance.

Brooks Robinson

Florida Center for Orthopaedics Inc. leased 1,351 square feet.  The practice was founded in 1999 for board certified physicians who specialize in several areas of orthopaedic care.  Brooks Robinson with JLL represented the tenant in the transaction.   

 

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more than 100 commercial properties throughout the United

States.

 

CONTACTS:

           

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services,

 407-691-0505, 

afisher@HoldThyssen.com

 

Robert P. Hold, Principal, Hold-Thyssen, Inc. 

407-691-0505

 bhold@HoldThyssen.com

 

Beth Payan, Managing Director, Larry Vershel Communications Inc.

 407-461-3781

 Lvershelco@aol.com.

 

 

 

 

 

JLL Capital Markets arranges loan for Far West Apartments in the affluent Northwest Hills community in Austin, TX

Samantha Jay

AUSTIN, TX –  JLL Capital Markets has secured construction financing for Far West Apartments, a 321-unit, Class-A multifamily community in Austin, Texas. Funding details were not disclosed.

 JLL represented the borrower, Central Southwest Texas Development, in arranging the 10-year, floating-rate loan through Poppy Bank. Far West Apartments, located at 3525 Far West Blvd., will be nestled in the affluent community of Northwest Hills, offering convenient access to major highways Loop-1 and SR-183. 

Far West Apartments, 3525 Far West Boulevard, Northwest Hills, TX

This prime location provides residents with the perfect blend of suburban tranquillity and urban connectivity, surrounded by family-oriented neighborhoods, parks and restaurants, with easy access to Downtown Austin and major employers. 

 Doug Opalka

Far West Apartments, a substantial 282,609 net-rentable square-foot development where residents will enjoy a host of community amenities, including a clubroom, fitness center, pet spa, conference room, and a resort-style swimming pool. The project is scheduled to commence full operations in April 2027. JLL 

 CW Sheehan 

Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Doug Opalka, Senior Director CW Sheehan and Associate Samantha Jay. 

 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. For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT: Gréta Kieras, Senior Associate, Public Relations

 Phone: +1 949 930 8498 Email: greta.kieras@jll.com jll.com.

The Keyes Company, Florida’s largest independent real estate firm, Unveils Rebrand Ahead of 100-Year Milestone

 

Christina Pappas

MIAMI, FL – The Keyes Company, Florida’s largest independent real estate firm, has unveiled a brand refresh in anticipation of its 100-year anniversary in February 2026.

The rebrand includes a fresh tagline, logo, color palette, and partnerships, alongside significant investments in technology designed to enhance customer experience.

 Madeline Mordarski

Keyes tapped the renowned branding agency Tiny Wins, whose clients include Tony Robbins, Visa, and CBRE, to guide the rebranding process. More than 30 focus groups and workshops with Keyes managers and associates provided crucial insights, reaffirming Keyes’ long-standing commitment to Florida’s communities.

“Our focus groups revealed that Keyes is often seen as ‘the best-kept secret’ in Florida real estate—a firm that radiates warmth and community, where real estate is truly at the heart of life,” said Madeline Mordarski, Chief Marketing Officer at Keyes. “This rebrand honors that legacy while uniting our team under one, strong identity that reflects who we are across Florida as we approach a century of service.”

Keyes President Christina Pappas echoed this sentiment, stating, “We are proud to introduce this new chapter of Keyes, blending modern tools with the care and compassion that have been our hallmark for nearly 100 years.

"In a real estate industry undergoing significant consolidation and standardization, we’re committed to staying true to our roots, emphasizing what is timeless: personal, hands-on service and operating on the belief that connection and community is at the heart of real estate.”

Mike Pappas

“Real estate is about people, not just transactions,” said Keyes CEO Mike Pappas. “That truth is at the heart of Keyes’ enduring legacy.

 "We first opened our doors on Biscayne Boulevard in 1926, and have grown with Florida over the past century, always focused on providing the best for our neighbors. This rebranding underscores our commitment to staying rooted in community and connection as we prepare for the next century of service.”

  

CONTACTS:

 

Eric Kalis and Daniel Benjamin,

BoardroomPR

ekalis@boardroompr.com or 

dbenjamin@boardroompr.com

954-370-8999