JLL facilitates sale-leaseback and financing for 59K SF industrial facility near Boston

BOSTON, Sept. 25, 2025 –  JLL Capital Markets announced today the sale and leaseback of 4 Carleton Drive, a 59,480-square-foot warehouse and light manufacturing facility in Georgetown, Massachusetts.

JLL facilitated the sale-leaseback transaction to Equity Industrial Partners (EIP) and subsequently secured acquisition financing on behalf of the new owner through a fixed-rate, 10-year loan.

Located on 8.6 acres, the facility features four tailboard-high loading docks, three drive-in doors, 21-foot clear height and 71 parking spaces. The building also offers a 15-ton bridge crane, 1,200 amps of three-phase electrical service, and ample trailer parking and laydown storage space.

Built in 2004 with steel frame construction, the facility includes 52,040 square feet of warehouse and manufacturing space complemented by 7,440 square feet of recently renovated mezzanine office space.

The property's strategic location positions it less than half a mile from the Interstate 95 and Route 133 interchange, providing seamless connectivity to business centers and skilled labor populations throughout Greater Boston and Southern New England. The facility sits just one minute from I-95, a major transportation artery linking the property to Boston's urban core and high-density suburban markets.

Matthew Henretta from Equity Industrial Partners commented, "This property represents exactly the type of opportunity we target – a high-quality industrial facility in a supply-constrained market with strong tenant fundamentals and significant value-creation potential. The below-market lease rate and essential nature of the facility to the tenant's operations provide both stability and upside opportunity."

The JLL Capital Markets Investment Sales team was led by Managing Director Michael Restivo and Directors David Coffman and Tommy Hovey. The JLL Capital Markets Debt Advisory team was spearheaded by Managing Director Anthony Cutone and Director Ryan Parker.

"By seamlessly coordinating both the sale-leaseback transaction and the subsequent acquisition financing, we were able to optimize value creation for all parties while streamlining the execution process," added Restivo. "Our deep market knowledge in Greater Boston's supply-constrained industrial sector, combined with JLL’s extensive lender relationships, enabled us to secure highly competitive financing terms that maximize the investment's return potential."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm 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 112,000 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.

Founded in 1995, Equity Industrial Partners (EIP) is a fully integrated, New England-based developer and operator of industrial and office assets. With a sustained track record of sourcing the right investment opportunities; fostering deep partnerships with tenants, investors and lenders; and attracting and retaining tenants through a superior leasing, property and facilities management platform, the company is able to translate hundreds of years of combined knowledge into the successful acquisition and development of its portfolio. EIP currently owns and manages more than 25 million square feet of property across 24 states in the eastern continental U.S. For more information, visit www.equityindustrial.com.