BOSTON— Vigilant Real Estate Holdings has secured $15.1 million in acquisition financing for a two-building industrial portfolio in Avon, Massachusetts, further expanding its footprint in the Greater Boston industrial market.
JLL Capital Markets announced it arranged the financing on behalf of Vigilant, securing a five-year, fixed-rate loan through M&T Bank (NYSE: MTB). The portfolio, purchased for $22.65 million, consists of 129,380 square feet across two properties located at 20 and 40 Ledin Dr. within the Avon Industrial Park.
Both properties are fully leased to Waste Management (WM), North America’s largest provider of comprehensive environmental and waste services, under a long-term lease. The buildings span 6.56 acres and feature a combined 15 loading docks, with clear heights ranging from 17 to 32 feet. The 48,300-square-foot building at 20 Ledin Dr. underwent renovations in 2025, while the 81,080-square-foot facility at 40 Ledin Dr. has served as a Waste Management operations hub since 2001.
Situated approximately 20 miles south of downtown Boston, the properties benefit from immediate access to Route 24 and Interstate 93, providing efficient connectivity to both the Greater Boston and Providence markets. The Avon Industrial Park has grown into a major regional logistics hub, encompassing roughly 3.2 million square feet across nearly 70 buildings and supporting more than 120 companies and 3,600 employees.
“The acquisition of 20 and 40 Ledin reinforces our high conviction in credit-leased infrastructure assets in core locations,” said David Fowler, managing principal of Vigilant Real Estate Holdings. “Anchored by Waste Management under a long-term lease, the asset aligns with our focus on mission-critical uses.”
The JLL Capital Markets team was led by Managing Director Amy Lousararian and Analyst Anthony Nakhle.
“Vigilant Real Estate Holdings has demonstrated exceptional expertise in identifying and executing strategic industrial acquisitions,” Lousararian said. “This acquisition represents their third and fourth Waste Management facilities in the Greater Boston area, building on their successful 2024 acquisition of two properties in Woburn. The combination of experienced sponsorship, strategic location and strong tenancy positions the investment for outsized performance in the Route 24 industrial market.”
Corey Rosenfield, senior vice president and regional head of commercial real estate in Massachusetts for M&T Bank, said the transaction reflects the bank’s commitment to long-term partnerships.
“M&T Bank is proud to work with JLL Capital Markets to provide financing in support of Vigilant Real Estate Holdings’ acquisition of 20 and 40 Ledin Dr. in Avon,” Rosenfield said. “This competitive financing enables long-term investment in high-quality real estate and reflects our commitment to delivering tailored solutions for our clients.”
