151 Charles F Colton
151 Charles F Colton Rd, Taunton, MA, 02780-7907, US
18,462 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor to the owner, is pleased to offer for sale 93 North Campus (the “Property”), located in Wilmington, Massachusetts. The Property provides an investor the rare opportunity to acquire an industrial and manufacturing development site with a leaseback component only one mile from I-93.
Situated on 60.18 acres, 93 North Campus offers the ability to develop a best-in-class commercial campus. The site currently consists of nine buildings owned and operated by Charles River Laboratories. Charles River Labs will lease back two of the existing buildings for ten (10) years and the remaining site will be leased back for one (1) to two (2) years, allowing for the implementation of a redevelopment program. This provides investors a creditworthy tenant while unlocking potential for developing a cutting-edge industrial and manufacturing campus on the rest of the site.
Featuring a timeless, irreplaceable location 18 miles North of Boston, 93 North Campus is an unparalleled opportunity for a developer to construct a state-of-the-art industrial and manufacturing center within one of Massachusetts’ highest performing commercial submarkets. The North Submarket boasts overwhelming tenant demand and an increasingly tight development pipeline for both industrial and manufacturing. Given the limited remaining development sites and lack of new product within Greater Boston, the imbalance of supply and demand will continue to spread.