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Growing User Acquires 35,000-SF Industrial Asset

BRAINTREE, MA-The buyer, Jedwards International, which is purchasing 141 Campanelli Dr., is relocating its operations from adjacent Quincy.

By Joe Clements | Updated on March 18, 2008

BRAINTREE, MA-A company specializing in selling fish oil and other organic products wholesale is about to double its real estate capacity after buying a 35,000-sf industrial building here on Boston’s South Shore. Jedwards International paid $2.5 million for 141 Campanelli Dr. in an off-market transaction with Formalwear Real Estate LLC.

Jedwards is presently based in neighboring Quincy in a 17,000-sf facility at 39 Broad St. “They are doing really well,” says Lincoln Property Co. broker Ned Halloran, who joined colleague Gian Starita in negotiating the deal on behalf of the seller and also procuring the buyer. The trick was in finding a viable property to accommodate Jedwards’ growth, explains Halloran, who says Lincoln ultimately learned that the tenant at 141 Campanelli Dr. was willing to terminate its lease prior to the year-end expiration date. Faced with an empty building on its hands in a few months, Formalwear opted to cement the agreement. “That market is extremely tight,” says Halloran. “There just is not much available for sale.”

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