JLL arranges the sale of newly constructed logistics facility in Greater Boston area

BOSTON, Apr. 29, 2026 – JLL Capital Markets announced today the sale of 800 Salem Street, a newly constructed, fully leased Class A industrial logistics facility totaling 237,880 square feet in Wilmington, Massachusetts.

JLL represented the seller, a partnership between Camber Development and Wheelock Street Capital, in the transaction. JLL also arranged the acquisition financing on behalf of the new owner, securing a fixed-rate, 10-year loan.

Built in 2025, 800 Salem Street is an all-electric facility that features best-in-class specifications including 36-foot clear heights, ESFR sprinkler systems, LED lighting throughout and 5,000-amp electrical capacity. The building spans 265 feet deep by 943 feet along its south face with 54-foot by 51-foot column spacing and 60-foot speed bays. The facility includes 47 dock-high loading positions, two drive-in doors, 33 trailer parking spaces and a 130-foot truck court. The property offers 332 car parking spaces and includes approximately 8,200 square feet of office space.

The warehouse is fully leased on a long-term basis, to a single tenant operating a specialized same-day delivery fulfillment center. The facility is strategically located directly off Interstate 93, providing immediate highway access and positioning the property just 18 miles from downtown Boston in one of Greater Boston's most active industrial submarkets.

“800 Salem is a market leading project that epitomizes what our team sets out to do – identify a well-located site, build a highly functional and sustainable building and lease it to a credit tenant for mission critical operations,” said Tucker Kelton, Founding Partner at Camber Development. “We are proud of the project, the outcome and the effort put in by the extended team over the past several years and look forward to staying involved with the asset in a different capacity.”

The JLL Investment Sales and Advisory team representing the seller included Senior Managing Director Michael Restivo, Senior Director David Coffman and Director Tommy Hovey. JLL’s Senior Managing Directors Tom Sullivan and Matt Stewart secured the acquisition financing.

"It was a pleasure to partner with Camber Development and Wheelock Street Capital from start to finish on this project — they delivered a best-in-class product in a market that's incredibly challenging to build in, which attracted a premier tenant," said Restivo. "With the construction pipeline at its lowest level since mid-2021 and more than 83 percent of underway space already preleased, this property exemplifies the type of modern, strategically located asset that commands premium pricing in a market where large-block availability — particularly within the I-495 corridor — is becoming increasingly scarce."

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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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Wheelock Street Capital was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with over 30 years of broad real estate transaction experience across all major asset classes. Wheelock has raised approximately $6 billion in capital commitments from well-known institutional investors and focuses on real estate investment opportunities throughout the United States, in both public and private markets. Wheelock is currently raising its eighth fund in its value-added series, Wheelock Street Real Estate Fund VIII in addition to its perpetual life core-plus fund, Wheelock Street Long Term Value Fund. Wheelock's investment team benefits from extensive experience from top-tier institutional investment firms and highly regarded real estate operating companies and has produced a 15-year track record of demonstrated and consistent outperformance over industry benchmarks. For more information visit wheelockst.com.

Camber Development is a Boston-based real estate investor and operator. With a focus on the advanced manufacturing, logistics and life science ecosystem, Camber focuses on developing and operating innovative industrial real estate across the Boston market.  Camber provides dynamic spaces for these companies to operate, innovate and create lasting impact.  Since its inception in November 2020, Camber has acquired approximately 3 million square feet of real estate including 530,000 square feet of ground up development.