Vigilant Real Estate Holdings secures $15.1M financing for industrial acquisition in Greater Boston market

BOSTON, Feb. 9, 2026 – JLL Capital Markets announced today it has arranged $15.1 million in acquisition financing for a two-property industrial portfolio totaling 129,380 square feet in Avon, Massachusetts. The properties at 20 and 40 Ledin Dr. are strategically positioned within the thriving Avon Industrial Park with exceptional access to Route 24 and Interstate 93.

JLL worked on behalf of the borrower, Vigilant Real Estate Holdings, to secure a five-year, fixed-rate loan through M&T Bank (NYSE: MTB).

The properties were purchased for $22.65 million and are fully leased to Waste Management (WM), North America's largest provider of comprehensive environmental and waste services. The buildings feature 15 loading docks combined with ceiling heights ranging from 17 to 32 feet across 6.56 acres of land. The 48,300-square-foot building at 20 Ledin Dr. was recently renovated in 2025, while the 81,080-square-foot facility at 40 Ledin Dr. has housed Waste Management operations since 2001.

Located just 20 miles south of downtown Boston, the properties benefit from direct connectivity to major transportation arteries serving both the Greater Boston metropolitan area and Providence markets within a one-hour drive. The Avon Industrial Park has evolved into a significant logistics hub encompassing 3.2 million square feet across nearly 70 buildings, housing more than 120 companies and over 3,600 employees.

"The acquisition of 20 and 40 Ledin reinforces our high conviction in credit-leased infrastructure assets in core locations. Anchored by Waste Management under a long-term lease, the asset aligns with our focus on mission-critical uses," said David Fowler, Vigilant, Managing Principal. 

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," said Lousararian. "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 that were also fully leased to WM. The combination of experienced sponsorship, strategic location and strong tenancy positions the investment for outsized performance in the Route 24 industrial market."

“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,” said Corey Rosenfield, M&T Bank’s SVP and Regional Head of Commercial Real Estate in Massachusetts. “This competitive financing helps enable long‑term investment in high-quality real estate and reflects M&T’s commitment to being a reliable, collaborative financing partner and delivering solutions to meet our clients’ needs.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Vigilant Real Estate Holdings was founded in 2020 to acquire strategic and diversified assets across the United States with a specific focus on industrial and life science properties. The Sponsor leverages nearly 70 years of combined real estate experience and relationships to capitalize transactions of varying sizes and risk profiles. Led and co-founded by David Fowler and based in Boston, Vigilant currently has over $1B assets under management consisting of over 1.2MM square feet of existing properties, assets under construction, or projects in pre-development.