JLL brokers sale of $9.5 million off-market industrial sale in Woburn

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BOSTON – JLL recently announced the firm completed the sale of 8 Roessler Road in Woburn, MA. The firm brokered the deal between buyer and seller. Oliver Street Capital purchased the fully leased, approximately 63,000-square-foot high-bay warehouse facility for $9.5 million.

The transaction was led by JLL’s Industrial Team, including Vice President Benjamin Roopenian, and Senior Vice Presidents, Michael Ciummei and Joe Fabiano.

“8 Roessler Road marks an exciting opportunity for us as we continue to expand our acquisition activity in the Greater Boston region,” said Jonathan Hyde of Oliver Street Capital.

Roopenian expands, “High-bay warehouse facilities like 8 Roessler Road, have become highly coveted assets for investors looking to capitalize on ecommerce-driven shifts in consumer behavior. This deal speaks to the high desirability of well-located industrial property in Greater Boston.”