JLL has been exclusively retained for the disposition of two highly desirable single-tenant light industrial/Flex properties. Totaling 60,704 RSF, the 100% leased portfolio offers an excellent balance of long-term, stabilized credit tenancy at 25 Upton Drive, and a near-term mark-to-market opportunity with a 2022 lease roll at 226 Andover Street.
Located in the suburbs north of Boston, the Boston North Flex/Industrial Market has been the beneficiary of a significant increase in demand coming from Flex R&D, Laboratory, and Warehouse users, due to its dense, affluent population, as well as its proximity to Cambridge, a global innovation hub. The submarket has consistently proven to be the most desirable suburban location for flex/R+D product. Given the increasing supply constraints in Somerville, Cambridge, and other inner-suburban markets, the North Market is a natural relief valve for flex/R&D companies looking to expand into markets proximate to the urban core.
- Below Market Rents
- Strong Market Fundamentals
- Flexible Uses
- Two Quality Tenants