
180 Pleasant Street
180 Pleasant Street, Rockland, MA, 02370, US
2,323 m²
As exclusive sales agent, Jones Lang LaSalle is pleased to offer for sale 100 New Boston Drive in Canton, Massachusetts and 8 Roessler Road in Woburn, Massachusetts (collectively the “Portfolio”). Totaling 194,970 square feet, the Portfolio is 100% leased to two tenants with a 3.0-year WALT and 140%+ mark-to-market opportunity. This offering is an exciting opportunity to acquire two highly functional single-tenant warehouses located in Greater Boston’s highest-performing submarkets.
The Portfolio is strategically positioned in high-barrier-to-entry markets to the north and south of Boston, with 100 New Boston Drive situated between Route 24, I-95, I-93, and I-495, and 8 Roessler Road positioned at the intersection of I-93 and I-95. The buildings are advantageously located adjacent to major highway networks with regional and national access, offering “last mile” accessibility to Boston’s business community. The central, access-oriented locations allow tenants to leverage the region's major transportation arteries and access a dense blue-collar labor pool.
In addition to its optimal location, the Portfolio is 100% leased to The Armstrong Company and Atlantic Plywood. The near-term lease roll of Armstrong at 100 New Boston Drive creates an opportunity to unlock value via a mark-to-market, while the longer WALT at 8 Roessler Road offers income certainty with attractive rent escalations. The combined offering presents a rare opportunity for investors to acquire two infill logistics facilities within well-established industrial clusters that cater to a wide range of tenants seeking a premier last-mile location with submarket-leading building specifications.