Meridian Capital Group

Kassin, Schechtman, DellAnno, and Gladstone of Meridian handle $10.75 million sale leaseback

October 03, 2022

Billerica, MA New York-based IG Logistics LLC and Meadow Partners, an institutional middle-market real estate investor, have acquired a 58,400 s/f warehouse situated on 3.2 acres for $10.75 million in an off-market transaction. Located at 12 Esquire Rd., the property is 100% leased by SSG Pools. Meridian Capital Group’s Abie Kassin, David Schechtman, Connor DellAnno, and Brian Gladstone negotiated a sale leaseback and represented both the buyer and seller in the transaction.

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.

The property is located 20 miles north of Boston near the confluences of I-495, I-95, and Rte. 3, offering access to the New England area. The town is one of Boston’s strongest industrial submarkets with rapidly growing rents and low vacancy rates. Other existing industrial sites and buildings in the immediate area host a variety of pharmaceutical, logistics and warehousing businesses, such as FedEx, Copart, and UPS.

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

New York City - A resilient market - by Shallini Mehra

Article
October 3, 2022

BK Mixed-Use Condo Lands $33M

Article
October 3, 2022

Highcap Group and Meridian Capital sell40,000 s/f for $22 million

Article
October 3, 2022

Top Leases in December Highlight Diverse Retail Landscape

Article
October 3, 2022

Meridian Capital Group Reports End-of-Year Activity

Article
October 3, 2022

Luxury furnishings company RH buys the building that contains its hotel

Article
October 3, 2022