BOSTON– JLL Capital Markets announced the sale of 242 Libbey Industrial Parkway, a 27,000-square-foot shallow bay warehouse facility in Weymouth, Massachusetts. JLL represented the buyer, Sticks Investment Group, in the acquisition. Fulcrum Real Estate Partners sold the property.
Built in 2004, the Class A shallow-bay warehouse features 24-foot clear heights and ample tenant-dedicated loading and parking. The facility is fully leased to three tenants.
242 Libbey Industrial Parkway is strategically located 16 miles south of Boston in Weymouth, MA. The property offers excellent access to major transportation routes, including Route 3, I-93, Route 24 and I-95, providing seamless distribution capabilities and access to a robust labor pool.
The JLL Capital Markets team was led by Managing Director Michael Restivo along with Directors David Coffman and Tommy Hovey.
“The sale of 242 Libbey Industrial Parkway exemplifies the enduring demand for well-located shallow bay industrial properties,” said Restivo. “With its strategic location just south of Boston, it caters to the growing need for last-mile distribution and local service providers. As we see vacancy rates for these properties outperforming the broader industrial market, investments like 242 Libbey Industrial Parkway offer a compelling opportunity for investors seeking stable cash flows and strong returns.”
Fulcrum Real Estate Partners, LLC, founded in 2014 by partners Rick Putprush and Rob Kirschner, is a Needham, Massachusetts-based real estate investment and consulting firm specializing in syndicated investments in industrial, warehouse-distribution and office properties in the $2 – $10 million price range throughout New England.
Sticks Investment Group is a Boston-based, real estate investment firm specializing in acquiring, owning, and operating industrial real estate throughout New England. Sticks seeks value-add opportunities within submarkets and micro markets of New England that cater to the surrounding populations and workforce.
Sticks Investment Group was founded by Bob Indeglia in 2023. Sticks was founded on the principles that embody a well-rounded team, no matter its size, that works together with passion and discipline to achieve a common goal. Integrity, transparency, honesty, and resiliency are at the forefront of the principles that Sticks will exemplify in each investment and throughout its course of operations.
