The acquisition adds a modern facility to the firm's $7 billion portfolio, featuring 36-foot clear heights and specialized infrastructure, including temperature-controlled storage and automation capabilities. Situated at the intersection of I-90 and I-495, the site offers critical distribution access across the East Coast, a factor President and CEO Allan Swaringen cited as vital given the rising costs of transportation and fuel.
JLL Income Property Trust Expands Industrial Portfolio in Boston
JLL Income Property Trust has purchased the Worcester Distribution Center for $90 million, securing a 396,000-square-foot industrial asset in the Western Boston submarket. The 2022-built property is fully occupied by a single tenant, reinforcing the REIT’s strategic focus on logistics hubs located near primary transportation corridors.
.jpg)
This investment highlights a broader shift in the REIT's strategy, which currently allocates 39% of its total equity and debt holdings to industrial real estate. With $2.7 billion now invested across 66 industrial properties, the firm continues to prioritize assets that serve as essential nodes in regional supply chains.
Comments (0)
No comments yet. Be the first!