Kadima Industrial Partners Acquires 62,155-SF Woburn Industrial Facility With Webster 5 Cent Savings Bank Financing, JLL Arranges
BOSTON — Kadima Industrial Partners has acquired a 62,155-square-foot shallow bay industrial facility at 215 Salem Street in Woburn, Massachusetts, with acquisition financing arranged through Webster 5 Cent Savings Bank, according to an announcement from JLL Capital Markets on June 17, 2026.
JLL represented the seller in the transaction and, working on behalf of Kadima Industrial Partners, also arranged the acquisition financing with Webster 5 Cent Savings Bank. The sale price and loan amount were not disclosed.
Property Overview and Location
Built in 1984, the property sits within Greater Boston's Route 128 North submarket, approximately 11 miles north of downtown Boston. The facility offers direct access to interstates 93 and 95 and Route 3, connecting tenants to the region's primary logistics networks and employment centers.
The building features 16 loading docks, 17-foot clear height, fully air-conditioned space, a 90-foot truck court, 125-foot building depth and ample parking across a five-acre site. The property currently serves eight tenants across industries including distribution, manufacturing and construction, with an average first-floor suite size of approximately 6,500 square feet.
Kadima's Investment Rationale
Aaron Malitzky, President of Kadima Industrial Partners, described the acquisition as consistent with the firm's focus on small-bay industrial assets in supply-constrained markets.
"A key component of Kadima's investment strategy is acquiring well-located small-bay industrial assets in supply-constrained markets with strong tenant demand," Malitzky said. "We continue to see tremendous value in the small-bay segment, which serves as critical infrastructure for local and regional businesses yet remains significantly underserved by new development. Assets like 215 Salem Street benefit from a diverse tenant base, smaller suite sizes that appeal to a broad range of users, and strong demand from companies seeking proximity to labor, customers and transportation networks."
JLL Capital Markets Team
The JLL Capital Markets Investment Sales and Advisory team was led by Director Tommy Hovey, Senior Director David Coffman and Managing Director Michael Restivo. Director Ryan Parker on JLL's Debt Advisory team arranged the financing.
"The combination of last-mile access to Boston, multiple highway connections and a diverse tenant roster spanning logistics, manufacturing and service sectors made this an exceptionally compelling acquisition for Kadima," Hovey said. "Properties of this size and configuration in established infill locations continue to attract substantial buyer interest as land constraints limit new development."
About the Firms
Kadima Industrial Partners is a New York City-based real estate development, investment and asset management firm focused on ground-up Class A development and the acquisition of small-bay industrial warehouses and industrial outdoor storage properties. The firm reports ownership and operation of more than 6 million square feet of industrial assets, with total capitalization in excess of $2.3 billion, including $1.7 billion of development projects, $400 million of Class B warehouse acquisitions and $200 million of industrial outdoor storage assets.
JLL Capital Markets is a global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists worldwide and offices in nearly 50 countries.