Amazon-Leased Wilmington Warehouse Trades for $100 Million in Second Nine-Figure Deal This Month

Key facts

• 800 Salem Street in Wilmington, Massachusetts, sold on April 30, 2026, for approximately $100 million.
• The 237,880-square-foot warehouse is fully leased to Amazon on a long-term basis for a same-day delivery fulfillment center.
• The buyer is an affiliate of Fidelity Investments; the seller was a partnership between Camber Development and Wheelock Street Capital.
• The facility features 36-foot clear heights, 47 dock-high loading positions, 332 car parking spaces, and a 130-foot truck court.
• JLL Capital Markets represented the seller and arranged a 10-year fixed-rate loan for the buyer.
• This is the second nine-figure transaction involving an Amazon-leased building in the Boston area in April 2026.
• The building is located directly off Interstate 93, about 18 miles from downtown Boston.

A $100 Million Bet on Last-Mile Logistics

A newly constructed Amazon fulfillment center in Wilmington, Massachusetts, has changed hands for approximately $100 million, marking the second nine-figure deal for an Amazon-leased building in the Boston area this month. The transaction, completed on April 30, 2026, underscores sustained investor demand for high-quality industrial assets in supply-constrained markets. The 237,880-square-foot warehouse at 800 Salem Street was acquired by an affiliate of Boston’s Fidelity Investments. The seller was a partnership between Camber Development of Boston and Wheelock Street Capital of Greenwich, Connecticut. JLL Capital Markets announced the sale and also arranged acquisition financing, securing a 10-year fixed-rate loan for the buyer.

A Modern Facility Built for Speed

Completed in 2025, the all-electric facility is designed to support advanced logistics operations. It features 36-foot clear heights, an ESFR sprinkler system, LED lighting throughout, and 5,000-amp electrical capacity. The building spans 265 feet in depth and 943 feet along its south face, with 54-foot by 51-foot column spacing and 60-foot speed bays. The property is equipped with 47 dock-high loading positions, two drive-in doors, 33 trailer parking spaces, and a 130-foot truck court. It also provides 332 car parking spaces and approximately 8,200 square feet of office space. The warehouse is fully leased on a long-term basis to a single tenant—Amazon—operating a specialized same-day delivery fulfillment center.

Location and Access Drive Value

The site sits directly off Interstate 93, offering immediate highway access and placing it approximately 18 miles from downtown Boston and Logan Airport. This location is critical for last-mile distribution, allowing Amazon to serve the Greater Boston area efficiently. Local planning work included Salem Street widening and realignment tied to the facility’s easterly entrance, along with associated traffic controls during construction. Tucker Kelton, founding partner at Camber Development, said the project reflects the firm’s approach to developing well-located, sustainable assets tailored to mission-critical tenant needs. The building’s specifications and location make it a prime asset for institutional buyers seeking stabilized, income-producing logistics real estate.

Investor Appetite Amid Construction Slowdown

JLL Senior Managing Director Michael Restivo noted that the transaction comes amid a slowdown in new industrial construction, with a large portion of current development already preleased. He added that limited availability of large-block warehouse space—particularly along the I-495 corridor—continues to support strong pricing for newly built, strategically located assets. The deal is the latest sign that institutional buyers are still chasing modern logistics space in Greater Boston. The pattern of Amazon-occupied properties trading to institutional buyers has been noted as part of a broader surge of industrial activity in the northern Boston suburbs. The JLL investment sales team representing the seller included Senior Managing Director Michael Restivo, Senior Director David Coffman, and Director Tommy Hovey. JLL’s Senior Managing Directors Tom Sullivan and Matt Stewart arranged the acquisition financing.

Second Nine-Figure Deal in April

This transaction is the second nine-figure deal for an Amazon building in April 2026, according to local business reports. The first such deal earlier in the month also involved an Amazon-leased facility in the Boston area, indicating a strong trend of institutional investment in logistics assets tied to the e-commerce giant. The Wilmington warehouse, originally developed by Camber Development and Wheelock Street Capital, delivered in late 2024. Amazon signed on to occupy the full 237,000 to 238,000 square feet. The building’s sale price of roughly $100 million translates to about $420 per square foot, reflecting the premium investors place on modern, fully leased logistics facilities in supply-constrained markets.

Outlook for Industrial Real Estate

Industry brokers say transactions of this size reflect steady investor appetite for stabilized, income-producing logistics real estate that supports Amazon’s last-mile delivery network. The limited availability of large-block warehouse space in the I-495 corridor is expected to continue supporting strong pricing for newly built, strategically located assets. As new industrial construction slows, existing modern facilities like the Wilmington warehouse become increasingly valuable. The long-term lease with Amazon provides predictable income, making such assets attractive to institutional buyers like Fidelity Investments. The deal reinforces the importance of location and modern specifications in driving investor demand in the Boston-area industrial market.

The bottom line

• The Wilmington warehouse sold for $100 million, the second nine-figure Amazon-leased building deal in the Boston area in April 2026.
• The facility is fully leased to Amazon for a same-day delivery fulfillment center, with a long-term lease providing stable income.
• The buyer, an affiliate of Fidelity Investments, secured a 10-year fixed-rate loan arranged by JLL Capital Markets.
• The all-electric building, completed in 2025, features modern specs including 36-foot clear heights and 47 dock-high loading positions.
• Limited availability of large-block warehouse space along the I-495 corridor continues to support strong pricing for newly built assets.
• Institutional investor demand for logistics real estate remains robust, particularly for properties leased to Amazon.