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JLL Income Property Trust Acquires Boston-Area Distribution Center for $90 Million
Blue Vault reports that JLL Income Property Trust paid approximately $90 million for Worcester Distribution Center in Massachusetts. The roughly 396,000-square-foot property, completed in 2022, is fully occupied by one tenant under a long-term lease.
The facility has temperature-controlled areas and specialized logistics infrastructure, with access to Interstates 90 and 495. The purchase adds to JLL's largest property allocation: the report puts warehouses at about 39% of its approximately $7 billion portfolio, representing roughly $2.7 billion across 66 industrial assets.
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