Kadima Industrial Partners acquires shallow bay industrial facility in Woburn

BOSTON, June 17, 2026 – JLL Capital Markets announced the sale and financing of 215 Salem Street, a 62,155-square-foot shallow bay industrial facility in Woburn, Massachusetts.

JLL represented the seller in the sale to Kadima Industrial Partners. Working on behalf of the new owner, JLL also arranged the acquisition financing with Webster 5 Cent Savings Bank.

Built in 1984, the property is strategically positioned in Greater Boston's Route 128 North submarket, 11 miles north of downtown Boston. The facility benefits from direct access to interstates 93 and 95 and Route 3, providing connectivity to the region's primary logistics networks and employment centers.

The property features 16 loading docks, 17-foot clear height, fully air-conditioned space, a 90-foot truck court, 125-foot building depth and ample parking across a five-acre site. The property serves eight tenants across multiple industries, including distribution, manufacturing and construction, with an average first-floor suite size of approximately 6,500 square feet. The facility's functional layout and specifications position it to serve the diverse needs of last-mile distribution, light manufacturing and flex users seeking proximity to Boston's dense labor pool and consumer base.

The JLL Capital Markets Investment Sales and Advisory team was led by Director Tommy Hovey, Senior Director David Coffman and Managing Director Michael Restivo. Director Ryan Parker on JLL's Debt Advisory team arranged the financing.

"The combination of last-mile access to Boston, multiple highway connections and a diverse tenant roster spanning logistics, manufacturing and service sectors made this an exceptionally compelling acquisition for Kadima," Hovey said. "Properties of this size and configuration in established infill locations continue to attract substantial buyer interest as land constraints limit new development."

“A key component of Kadima’s investment strategy is acquiring well-located small-bay industrial assets in supply-constrained markets with strong tenant demand,” said Aaron Malitzky, President of Kadima Industrial Partners. “We continue to see tremendous value in the small-bay segment, which serves as critical infrastructure for local and regional businesses yet remains significantly underserved by new development. Assets like 215 Salem Street benefit from a diverse tenant base, smaller suite sizes that appeal to a broad range of users, and strong demand from companies seeking proximity to labor, customers and transportation networks.”

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 March 31, 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.

Kadima Industrial Partners is an industrial sector specialist, and a leading real estate development, investment, and asset management firm focused on ground-up Class A development, and the acquisition of small-bay industrial warehouses and IOS properties. With 10 years of experience in dense, urban-core markets, the New York City-based company is acknowledged for its expertise in the design, development, acquisition, repositioning, and disposition of industrial assets. Kadima currently owns and operates more than 6 million square feet of industrial assets, with a total capitalization in excess of $2.3 billion, including $1.7 billion of development projects, $400 million of Class B warehouse acquisitions, and $200 million of IOS assets. Since its founding, the firm has been at the forefront of the industrial and logistics trends, completing the first multi-story distribution facility on the East Coast and leading the market with early investments in both small-bay and IOS assets. For more information: www.KadimaRE.com.