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Acquisition & Financing of 50K Square Foot Industrial and Manufacturing Property

Real Estate

Client: Eastern Real Estate

Hinckley Allen represented Eastern Real Estate, a well-known Boston based real estate investment company, in connection with the acquisition and financing of a 50,000 square foot, fully leased industrial and manufacturing property in the suburban Boston community of Malden, Massachusetts.

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. The property is located in an Opportunity Zone and is fully leased to Enjet Aero, a highly automated manufacturer of precision machined and fabricated components and assemblies for jet engines. The building features 18- to 30-foot clear heights, five loading positions and low office finish.