B&D Holdings completes $10M financing for two industrial properties in Greater Boston

MORRISTOWN, N.J., Oct. 23, 2025 –  JLL Capital Markets announced today that it has arranged $10.1 million in aggregate financing for the acquisition of two industrial facilities totaling over 64,000 square feet near Boston.

JLL worked on behalf of the borrower, B&D Holdings, to secure the fixed-rate loans through two Boston-area banking institutions.

The portfolio includes a 34,100-square-foot specialized cold storage and freezer facility at 1668 Shawsheen St. in Tewksbury, Massachusetts. Built in 2000, the property features 40-foot clear heights, 4,000 pallet positions and state-of-the-art refrigeration systems, including both freezer and variable-temperature cooler spaces. The facility is fully occupied by Walden Local Meats.

The second property is a 30,360-square-foot industrial facility at 45 Research Dr. in Haverhill, Massachusetts. The single-story industrial building sits on a 7.0-acre parcel in the Lawrence/Andover submarket. Constructed in 1982, the facility features 14-foot clear heights, three grade-level drive-in doors and two dock-high doors. The property features nearly one acre of functional yard space, providing operational flexibility for the tenancy.

Both properties are strategically positioned within Greater Boston's premier industrial corridors with excellent regional connectivity. The Tewksbury facility offers seamless access to Boston (21 miles), Manchester, NH (33 miles) and major transportation arteries, including Interstate 93 and Interstate 495. The Haverhill property sits within the Lawrence/Andover submarket with direct access to Interstate 495 and in close proximity to the Interstate 93 interchange, providing connectivity to Greater Boston, Southern New Hampshire and key logistics hubs.

The JLL Debt Advisory team was led by Senior Director Max Custer, Managing Directors Amy Lousararian and Thomas E. Didio Jr., Associate Chris Barry and Analyst Christian Badalamenti.

“We are pleased to have assisted B&D Holdings in procuring acquisition financing for two more industrial properties within the New England market,” said Custer. “We continue to see ample liquidity within the capital markets for well-located industrial properties managed by quality borrowers such as B&D Holdings.”

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.

B&D Holdings is a privately-held investment and development firm located in New Jersey. B&D has built a best-in-class investment management firm rooted in its entrepreneurial and creative spirit, born out of the Segal Family’s successful ownership and operation of one of the nation’s leading building supply companies, Bradco Supply. The B&D real estate portfolio consists of over 230 properties throughout 37 states comprising over 9,700,000 square feet of predominantly industrial properties, with additional flex and retail assets, inclusive of net leased single and multi-tenant properties.