A undisclosed private family has sold a 50,000-square-foot, fully leased industrial and manufacturing asset within a qualified opportunity zone in the suburban Boston community of Malden, Mass.
The sales price was $7.3 million. Eastern Real Estate, a real estate investment firm, purchased the asset in an off-market transaction.
The property is situated on 1.87 acres at 60 Winter St. in Malden, a community less than seven miles north of downtown Boston, and adjacent to the Oak Grove Orange Line Station on the Malden border. Fully leased to Enjet Aero, the single-story building features 18-foot to 30-foot clear heights, five loading positions and low office finish.
“Industrial continues to draw demand from both investors and tenants,” said Michael Restivo of JLL Capital Markets, which marketed the property on behalf of the seller. “Well-located, functional facilities like 60 Winter Street should continue to outperform, and we are pleased to have been involve
