BGO Picks Up Class A Wrentham Industrial for $34.9M; JLL Brokers
October 19, 2026
WRENTHAM — Global real estate manager BGO has acquired a 2023-built, 132,055-square-foot industrial warehouse at 545 Washington St. in Wrentham, Massachusetts. JLL Capital Markets brokered the deal on behalf of the sellers, Bluewater Property Group and Affinius Capital, who purchased the fully leased asset for $34.9M.
The JLL Capital Markets team was led by Senior Managing Directors Michael Restivo and John Plower, along with Senior Director David Coffman and Director Tommy Hovey. Senior Managing Director Joe Fabiano from JLL’s Leasing Advisory team also assisted in the sale.
Completed in 2023, 545 Washington St is a high-bay warehouse situated on 13.6 acres and designed to meet modern logistics and distribution requirements. The property features 36-foot clear heights, 30 dock-high doors, two drive-in doors, 13 trailer parking spaces, 155 vehicle parking spaces, 3,000 amps of power, ESFR fire protection and LED lighting.
The property is 100% occupied by two tenants, UMI Stone and AIT Home Delivery. The asset’s suite configuration, loading infrastructure, and trailer storage capabilities are designed to support the operational needs of mid-sized occupiers, a segment that continues to drive demand across the Greater Boston market.
“Investors recognized the compelling combination of institutional-quality construction, diversified tenancy across essential logistics sectors and the property’s unmatched access to New England’s primary transportation corridors,” Restivo said. “The ability to acquire a stabilized, newly built asset with income certainty in a market experiencing tightening fundamentals drove strong buyer interest throughout the marketing process.”
BGO serves the interests of more than 750 institutional clients and had, together with Bell Partners Inc., which was acquired by Sun Life and combined with BGO on July 2, 2026, approximately US$100 billion of assets under management (as of June 30, 2026).
