{"id":1004348462,"date":"2019-08-28T07:38:55","date_gmt":"2019-08-28T15:38:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004348462"},"modified":"2019-08-28T07:38:55","modified_gmt":"2019-08-28T15:38:55","slug":"jll-income-property-trust-buys-boston-area-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-income-property-trust-buys-boston-area-distribution-center\/","title":{"rendered":"JLL Income Property Trust Buys Boston-Area Distribution Center"},"content":{"rendered":"<div id=\"attachment_1004348465\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/JLLIPT-Press-Release-Image-Taunton-Distribution-Center-trailer-docking.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004348465\" data-attachment-id=\"1004348465\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-income-property-trust-buys-boston-area-distribution-center\/150-charles-colton-rd-taunton-ma-licensed-to-nkf-only-to-marke\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/JLLIPT-Press-Release-Image-Taunton-Distribution-Center-trailer-docking.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;13&quot;,&quot;credit&quot;:&quot;Andy Caulfield&quot;,&quot;camera&quot;:&quot;Canon EOS 5DS&quot;,&quot;caption&quot;:&quot;150 Charles Colton Rd. Taunton MA.\\rLicensed to NKF Only to Market this property in Web and Print.\\rHi-Res File&quot;,&quot;created_timestamp&quot;:&quot;1555515547&quot;,&quot;copyright&quot;:&quot;\\u00a9 2019 Andy Caulfield&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;160&quot;,&quot;shutter_speed&quot;:&quot;0.02&quot;,&quot;title&quot;:&quot;150 Charles Colton Rd. Taunton MA.\\rLicensed to NKF Only to Marke&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"150 Charles Colton Rd. Taunton MA.Licensed to NKF Only to Marke\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Taunton Distribution Center. Image courtesy of JLL Income Property Trust&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/JLLIPT-Press-Release-Image-Taunton-Distribution-Center-trailer-docking.jpg?w=800\" class=\"wp-image-1004348465 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/JLLIPT-Press-Release-Image-Taunton-Distribution-Center-trailer-docking.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/JLLIPT-Press-Release-Image-Taunton-Distribution-Center-trailer-docking.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/JLLIPT-Press-Release-Image-Taunton-Distribution-Center-trailer-docking.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/JLLIPT-Press-Release-Image-Taunton-Distribution-Center-trailer-docking.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004348465\" class=\"wp-caption-text\">Taunton Distribution Center. <em>Image courtesy of JLL Income Property Trust<\/em><\/p><\/div>\n<p>JLL Income Property Trust has purchased Taunton Distribution Center, a 200,000-square-foot Class A industrial facility in Taunton, Mass., for $25.7 million. The distribution center is currently occupied by Williams-Sonoma.<\/p>\n<p>The industrial facility is situated at 150 Charles Colton Road, near New England\u2019s key thoroughfares, including Interstate 495, which provides easy access to Boston, Providence and Worchester. Built in 2016, the warehouse features 32-feet clear heights, tilt-up construction, high dock ratios and trailer parking. The asset is within Myles Standish Industrial Park, which encompasses more than 6 million square feet of warehouse, distribution, manufacturing and office space.&nbsp;<\/p>\n<p>Boston\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/boston-office-report-spring-2019\/\">thriving tech and life science industries<\/a>&nbsp;are boosting population growth in the metro and resulted in a wave of new tenant migration to accommodate increasing e-commerce demand. Industrial vacancy rates have significantly decreased over the past quarters and net absorption has been positive for 20 of the past 25 quarters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The division has expanded its portfolio with the acquisition of a 200,000-square-foot warehouse located within Myles Standish Industrial Park in Taunton.<\/p>\n","protected":false},"author":871,"featured_media":1004348465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21748,21783,21742,10],"tags":[45095],"class_list":["post-1004348462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-industrial","category-investment","category-latest","category-northeast","tag-jll-income-property-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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