60 Winter Street
Update
08/19/21
Oak Grove Industrial Building Trades Hands for $14.1M
60 Winter Street, LLC sold 60 Winter Street in Malden to a Boston-based property developer and management firm for $14,100,000.
Fully leased to Enjet Aero, 60 Winter St. serves a mission-critical role in the manufacturing and distribution of custom turbine and jet engine components. The facility was originally constructed in 1958 and features steel construction, clear heights ranging from 14.5 to 30 feet, three dock doors, two drive-indoors and ample parking. Over the last few years, Enjet Aero has significantly invested in building improvements.
60 Winter St. is about 10 minutes north of downtown Boston. This highly accessible location is proximate to major interstates, public transportation and Logan International Airport, in addition to the six other facilities Enjet Aero has across the country. The facility is in the highly sought-after Malden Industrial submarket, which is part of the north urban infill market.
The JLL Industrial Capital Markets team that represented the seller was led by Senior Director Michael Restivo. Senior Director Jonathon Schneider led the financing on behalf of the buyer.
“This transaction offered a rare opportunity to own an exceptionally located urban infill industrial asset occupied by a long-term stable tenant that has been at this location for over 60 years,” Restivo said.
A 48,708 SF industrial building, 60 Winter Street is located across the street from the Oak Grove Malden MBTA station.
