#ZIPSAX
JLL Income Property Trust Acquires Greater Boston Area Warehouse
JLL Income Property Trust (NASDAQ: ZIPDBX) acquired Worcester Distribution Center in the Western Boston submarket for approximately $90 million. Built in 2022, the Class A industrial building totals approximately 396,000 square feet and is 100% leased to a single tenant on a long-term lease. Its specialized storage includes refrigeration, temperature-controlled space, automation and a storage vault.The property sits at the intersection of primary truck corridors, with access to I-90 and I-495. The company said the acquisition aligns with its strategy of investing in logistics centers near transportation infrastructure. Following the investment, warehouses represent 39% of its total $7.0 billion portfolio, with $2.7 billion in assets across 66 industrial properties, its largest property-sector allocation.
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September 30, 2026 at 5:11 PM