Meridian Capital Group

IG Logistics, Meadow Partners Drop $11M on Last-Mile Warehouse in North Billerica

October 06, 2022

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.

Featuring:
Abie Kassin
Managing Director
Investment Sales
(212)468-5909
[email protected]
David Schechtman
Senior Executive Managing Director
Investment Sales
(212)468-5907
[email protected]
Brian Gladstone
Vice President
Investment Sales
(212)468-5948
[email protected]
Read Article
Recent Articles | Back to News

From Pizzas to Painting — Vesuvio’s Former 10th Ave Home Gets Colorful New Tenant

Article
October 6, 2022

Paint ’N Pour to Bring Painting Parties to Hell’s Kitchen

Article
October 6, 2022

Caffeena Coffee House Takes 4K SF at NoHo's 738 Broadway

Article
October 6, 2022

Meridian Closes First Agency Loan Since 2023 Ban With $173M Freddie Mac Deal

Article
October 6, 2022

Fast-Casual Food Places Conquering Midtown as Workers Return to Office

Article
October 6, 2022

Salon V Owners to Open 4,000-Square-Foot Kids' Salon in Flatiron District

Article
October 6, 2022