BGO acquires newly constructed industrial asset in Greater Boston

• JLL Capital Markets arranged the sale of a fully leased, 132,055-square-foot Class A industrial warehouse at 545 Washington St. in Wrentham, Massachusetts

• BGO acquired the institutional-quality asset from Bluewater Property Group and Affinius Capital

• Delivered in 2023 and fully leased shortly after completion, the property is among the newest institutional-quality industrial facilities in Greater Boston's South industrial market.

BOSTON, Oct. 20, 2026 – JLL Capital Markets announced today that it has arranged the sale of 545 Washington St, a 132,055-square-foot Class A industrial warehouse facility in Wrentham, Massachusetts.

JLL represented the seller, Bluewater Property Group and Affinius Capital, in the transaction. BGO acquired the asset.

Completed in 2023, 545 Washington St is a high-bay warehouse situated on 13.6 acres and designed to meet modern logistics and distribution requirements. The property features 36-foot clear heights, 30 dock-high doors, two drive-in doors, 13 trailer parking spaces, 155 vehicle parking spaces, 3,000 amps of power, ESFR fire protection and LED lighting. Constructed with insulated precast concrete walls, the facility offers institutional-quality design and functionality for a range of warehouse, distribution and light industrial users.

The property is 100% occupied by two tenants and the asset's suite configuration, loading infrastructure and trailer storage capabilities are designed to support the operational needs of midsized occupiers; a segment that continues to drive demand across the Greater Boston market.

Located at 545 Washington St, the property benefits from direct access to Route 1 and close proximity to Interstate 495, Interstate 95 and Interstate 295, providing connectivity throughout New England. The facility is positioned approximately 21 miles from Providence, Rhode Island, 30 miles from Boston and 42 miles from Worcester, Massachusetts, enabling efficient access to major population centers, transportation networks and consumer markets throughout the region.

Situated within Greater Boston's South industrial market, the property serves one of New England's key distribution corridors. The location provides access to a deep regional labor pool across southeastern Massachusetts and northern Rhode Island and supports a diverse employment base that includes logistics, manufacturing, healthcare, life sciences and technology-related industries. The property's modern design and strategic location make it attractive to logistics, warehouse and distribution users serving the New England region.

The JLL Capital Markets team was led by Senior Managing Directors Michael Restivo and John Plower, along with Senior Director David Coffman and Director Tommy Hovey. Senior Managing Director Joe Fabiano from JLL’s Leasing Advisory team also assisted in the sale.

"Investors recognized the compelling combination of institutional-quality construction, diversified tenancy across essential logistics sectors and the property's unmatched access to New England's primary transportation corridors," Restivo said. "The ability to acquire a stabilized, newly built asset with income certainty in a market experiencing tightening fundamentals drove strong buyer interest throughout the marketing process."

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.

For more news, videos and research resources, please visit JLL’s newsroom. 

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 112,000 as of June 30, 2026. 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.

Bluewater is a hands-on industrial real estate investment, development, and operating company bringing over 25 years of experience to the logistics sector. Our nimble team creates value for our customers, investors, and community partners through a focused investment strategy and seamless project execution. Bluewater principals and team members have extensive experience leading public, private, and entrepreneurial entities focused on the logistics real estate sector and have, as part of a larger team of professionals, successfully developed, acquired, managed and sold in excess of $10 billion of value and 150 million sf of industrial assets. Find out more at www.bluewaterpg.com

Affinius Capital® is an integrated institutional real estate investment firm focused on value creation and income generation. With a 40-year track record and $64 billion in assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit affiniuscapital.com. 

BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients, and had, together with Bell Partners Inc., which was acquired by Sun Life and combined with BGO on July 2, 2026, approximately US$100 billion of assets under management (as of June 30, 2026) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in more than 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

For more information, please visit www.bgo.com