
180 Pleasant Street
180 Pleasant Street, Rockland, MA, 02370, US
25,000 sf
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.