JLL represented the seller in the disposition of a 218K SF, fully leased warehouse complex west of Boston
News release
25 June 2025
Industrial property in Ashland, MA acquired by Rhino Capital Advisors for $27.87M
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BOSTON, June 25, 2025 – JLL Capital Markets announced today the $27.87 million sale of a two-building industrial property totaling 218,316 square feet at 400 Main Street in Ashland, Massachusetts.
JLL represented the seller, Pout Rock and Cold Spring Brook LLC, in the sale to Rhino Capital Advisors.
The property is fully leased to a single tenant, Kidde-Fenwal, a market leader in the design and manufacture of advanced fire suppression systems. The 18-acre site encompasses two buildings, which support Kidde-Fenwal’s manufacturing, warehouse and back-office operations, featuring 5,000 amps of power and 10 loading docks.
The JLL team representing the seller was led by Managing Directors Michael Restivo, Bob McGuire and Sam Crossan, along with Directors David Coffman and Tommy Hovey.
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.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Rhino Capital Advisors
Rhino Capital Advisors LLC is a privately held, Boston-based investment management firm. Rhino identifies and invests in commercial real estate projects throughout the Greater Boston area, specializing in the industrial/flex and multifamily asset classes. Rhino capitalizes on the diverse experience of its team to provide access to off-market opportunities and institutional grade investment management to its investors.