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Leased Manufacturing Property Trades for $14M in Malden

Sep 13, 2021 | Reprints | Unlock Link

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Photo courtesy of JLL

Boston-based Eastern Real Estate has sold a Malden property leased to a jet engine component manufacturer for $14.1 million.

The buyer of the 47,915-square-foot 60 Winter St. is Novaya Real Estate Ventures of Boston. The facility was originally completed in 1958 and has clear heights ranging up to 30 feet. Enjet Aero leases the entire building.

JLL represented the seller and procured a five-year, fixed-rate acquisition loan from Middlesex Savings Bank.

“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,” JLL Senior Director Michael Restivo said in a statement.

B&T Daily