JLL Capital Markets secures sale of 151 Charles F. Colton Road, a 198K SF Class A industrial property
News release
09 January 2025
JLL closes sale of fully leased distribution center in Greater Boston
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BOSTON, Jan. 9, 2025 – JLL Capital Markets announced today the sale of 151 Charles F. Colton Road, a 198,720-square-foot, Class A distribution center in Taunton, Massachusetts.
JLL worked on behalf of the seller, a fund managed by Brookfield Asset Management. An Ares Management Real Estate fund acquired the asset, and the property will be managed by Ares Industrial Management.
Built in 2014, the state-of-the-art facility features 28-foot clear heights, 30 loading docks, 23 trailer parking spaces and ESFR fire protection. The facility is 100% leased to a leading tire and automotive service company in New England.
Located just 40 miles from Boston, the property benefits from its position in one of the most densely populated regions in the U.S., with access to over 5 million people within a 40-mile radius. Additionally, the property sits on 15 acres within Myles Standish Industrial Park, Massachusetts' largest master-planned industrial park, offering easy access to major transportation routes including I-495, I-95, Route 24 and Route 44.
The JLL Investment Sales and Advisory team was led by Managing Director Michael Restivo and Director David Coffman.
"This sale represented a rare opportunity to acquire a modern, Class A distribution facility in the thriving Greater Boston industrial market," Restivo said. "With its strategic location, high-quality tenant and strong rent growth potential, 151 Charles F. Colton Road offers stable cash flow and attractive long-term investment fundamentals in a supply-constrained market."
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 $20.8 billion and operations in over 80 countries around the world, our more than 111,000 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.