WILMINGTON, Mass.— A newly constructed, fully leased Class A logistics facility in Wilmington has traded hands, underscoring continued investor demand for high-quality industrial assets in supply-constrained markets.
JLL Capital Markets announced the sale of 800 Salem Street, a 237,880-square-foot warehouse property in Wilmington, Massachusetts. The firm represented the seller—a partnership between Camber Development and Wheelock Street Capital—and also arranged acquisition financing for the buyer, securing a 10-year fixed-rate loan.
Completed in 2025, the all-electric facility features modern industrial specifications designed to support advanced logistics operations. The building includes 36-foot clear heights, an ESFR sprinkler system, LED lighting throughout and 5,000-amp electrical capacity. It spans 265 feet in depth and 943 feet along its south face, with 54-foot by 51-foot column spacing and 60-foot speed bays.
The property is equipped with 47 dock-high loading positions, two drive-in doors, 33 trailer parking spaces and a 130-foot truck court. The site also provides 332 car parking spaces and approximately 8,200 square feet of office space.
The warehouse is fully leased on a long-term basis to a single tenant operating a specialized same-day delivery fulfillment center. Its location directly off Interstate 93 offers immediate highway access and places it approximately 18 miles from downtown Boston.
Tucker Kelton, founding partner at Camber Development, said the project reflects the firm’s approach to developing well-located, sustainable assets tailored to mission-critical tenant needs.
JLL’s investment sales team representing the seller included Senior Managing Director Michael Restivo, Senior Director David Coffman and Director Tommy Hovey. JLL’s Senior Managing Directors Tom Sullivan and Matt Stewart arranged the acquisition financing.
Restivo noted that the transaction comes amid a slowdown in new industrial construction, with a large portion of current development already preleased. He added that limited availability of large-block warehouse space—particularly along the I-495 corridor—continues to support strong pricing for newly built, strategically located assets.
JLL’s Capital Markets group provides a range of real estate investment and financing services globally, with more than 3,000 specialists operating across nearly 50 countries.
