BOSTON— JLL Capital Markets has announced the $17.85 million sale of 8 Roessler Road, a 66,970-square-foot warehouse facility located in Woburn, marking a significant industrial transaction in Greater Boston’s highly competitive Route 128 North submarket.
JLL represented the seller—a joint venture between Oliver Street Capital and Bain Capital’s Real Estate team—in the deal. The buyer, Sagard Real Estate, acquired the asset, which has been fully leased to its longtime occupant, Atlantic Plywood Corporation, since 1987.
Situated on 3.33 acres, the facility features 24-foot clear heights, front-loading capabilities, two dock-high doors, four drive-in doors, and 55 parking spaces. In a rare offering for the Boston industrial market, the property also includes rail access, significantly enhancing its distribution profile.
The site sits at a critical junction of Interstate 93 and Interstate 95, providing both regional connectivity and last-mile access to the Greater Boston area. Its Woburn address also offers proximity to strong labor pools and transportation corridors serving both local and national users.
JLL’s Capital Markets team for the transaction included Managing Director Michael Restivo, Director David Coffman, and Director Tommy Hovey.
“The exceptional response from our marketing campaign demonstrates the scarcity and desirability of infill industrial assets with long-term, credit-worthy tenancy,” Restivo said. “Having a headquarters user like Atlantic Plywood with nearly 40 years of occupancy history, combined with the property’s irreplaceable location, created a perfect storm. Investors recognized this rare combination of income stability and strategic positioning simply doesn’t come to market frequently in Greater Boston’s supply-constrained environment.”
JLL Capital Markets, with more than 3,000 specialists worldwide, continues to serve as a global leader in investment sales, advisory, financing, and recapitalization services for real estate occupiers and investors.
