3 Lopez Road

Structured acquisition of a owner occupied industrial facility in Wilmington, MA. 

3 Lopez is a 53,500 SF freestanding industrial property set on 3.2 acres. In 2021, Eastern acquired the property via a short-term sale-leaseback transaction allowing the seller to remain at the property while Eastern secured its permits for the redevelopment. Located directly off Interstate 93, the property has great accessibility and presence in the marketplace. Wilmington is one of Greater Boston’s strongest industrial nodes.

Over a 12-month period, Eastern fully repositioned the asset; removing old two-level office space, upgrading mechanical systems, increasing electric capacity, as well as adding a new front façade with oversized window openings and entry vestibules. In 2024, Eastern executed a 12-year full building lease with a mechanical contracting company.