J
LL Capital Markets arranged the $120 million sale and acquisition financing for Uxbridge Distribution Center, a 607,486 square-foot distribution facility at 40 Lackey Dam Rd. in Uxbridge, Massachusetts. The newly constructed property was sold to Rockpoint by Scannell Properties and a real estate fund advised by Crow Holdings Capital.

    JLL represented the seller and secured a fixed-rate, five-year loan through accounts managed by KKR on behalf of the new owner. Completed in 2023, the Class A facility features 40-foot clear heights, 125 loading docks, and ample parking for vehicles and trailers. It is 73% leased to a leading healthcare company, with a significant lease covering 444,413 square feet.

    Strategically located along Route 146, Uxbridge Distribution Center offers easy access to major interstates and proximity to Worcester, Providence, and Boston. The JLL Investment Sales and Advisory team led by Michael Restivo and David Coffman, and the Debt Advisory team led by Riaz Cassum and Andrew Gray, facilitated the transaction.

    "This property offered a rare opportunity for long-term credit cash flow in Boston's highly sought-after industrial market," said Restivo. "Its new construction, credit tenant, and strategic location make it an attractive asset with potential for value creation through lease-up of remaining space."