JLL Income Property Trust acquired Worcester Distribution Center, a Class A industrial property in Massachusetts, for approximately $90 million. The property is located in the western portion of the Boston metropolitan area.
Completed in 2022, the distribution center contains approximately 396,000 square feet and is fully leased to a single tenant under a long-term agreement. The facility includes 36-foot clear heights, refrigerated and temperature-controlled space, automation systems, and a specialized storage vault.
The property is situated near Interstates 90 and 495, providing access to regional population centers and transportation routes. JLL said the facility’s infrastructure and location support its long-term industrial investment strategy.
JLL Income Property Trust reported a portfolio of approximately $7 billion. Warehouses represent its largest property allocation, accounting for roughly 39% of the portfolio and approximately $2.7 billion invested across 66 industrial properties.
The acquisition follows other recent portfolio additions but is independently meaningful because of its size, specialized improvements, and contribution to the REIT’s largest property sector.
