IG Logistics, LLC, and Meadow Partners have acquired a 58,400-square-foot warehouse situated on 3.2 Acres in North Billerica, MA for $10.8 million in an off-market transaction. The property is 100% leased by SSG Pools.
Abie Kassin, David Schechtman, Connor DellAnno, and Brian Gladstone of Meridian Capital Group negotiated the sale-leaseback and represented both the buyer and seller in the transaction.
The property is at 12 Esquire Road about 20 miles north of Boston near the confluences of I-495, I-95 and Route 3. Other existing industrial sites and buildings in the immediate area host a variety of pharmaceutical, logistics and warehousing businesses.
IG Logistics LLC, Imperium Capital’s industrial platform, is an owner/operator of industrial properties that have a large outdoor storage or transportation component. The company specializes in acquiring and developing infill assets in high barrier to entry, urban growth markets where demand for logistics real estate is driven by e-commerce.