B
OSTON—JLL Capital Markets has completed the sale of a two-building industrial and flex portfolio in North Andover, Massachusetts for $12.5 million to The Seyon Group. The properties at 300 Willow Street and 125 Flagship Drive total 80,477 square feet.

    The portfolio features two well-positioned facilities in one of Massachusetts' top-performing industrial submarkets. Originally built in the 1980s, the assets have been maintained and updated to meet evolving tenant needs. The larger property, 300 Willow Street, spans 50,893 square feet on nearly 16 acres with 16-foot clear heights and eight loading docks.

    125 Flagship Drive offers 29,584 square feet on a 5.79-acre lot with clear heights ranging from 16 to 24 feet. Together, the portfolio is 85% leased to four tenants across diverse industries, including healthcare services and corporate furniture installation.

    Strategically located in the North submarket, the assets benefit from strong labor availability and easy access to major transportation routes. "The North submarket continues to outperform Greater Boston industrial metrics," said Michael Restivo, Managing Director at JLL Capital Markets. "The portfolio's strategic location provides substantial near-term upside as leases roll."

    The JLL Capital Markets team representing the seller included Managing Directors Michael Restivo and Brian Tisbert, and Directors David Coffman and Tommy Hovey.