In September 2021, Eastern purchased 3 Lopez Road in Wilmington, MA. 3 Lopez is a freestanding industrial property which has been owned and occupied by Northeast Air Solutions since 1995. The property sits on 3.2 acres and features 14’ clear heights, four loading docks, three drive-in doors and 93 parking spaces.
Located directly off Interstate 93, the Property has great accessibility and presence in the marketplace. The Property is just five miles from the intersection of Interstate 93 and Interstate 95 and 12 miles from the intersection of Interstate 93 and Interstate 495, both of which are key commercial corridors.
Eastern is working through a repositioning of the asset to upgrade all systems and deliver a Class A industrial facility. Construction is expected to commence Summer 2022 and finish by year-end.