Photo courtesy of JLL

A partnership of Wheelock Street Capital and Camber Development is scheduled to complete construction of an all-electric warehouse and distribution center in Wilmington in early fall after receiving $57 million in construction financing.

The project at 800 Salem St. will create a 237,800-square-foot logistics center that is one of the first fully-electric warehouses in Massachusetts, developers said.

First-Citizens Bank & Trust granted a three-year construction loan to the developers for the project, which has begun vertical construction with an estimated delivery date in the third quarter.

The building will include 47 trailer docks, parking for 33 trailers and 332 vehicles and 36-foot clear heights.

JLL Capital Markets’ Steven Klein, Brett Paulsrun and Ryan Parker represented developers in sourcing the construction loan.

“Despite the prevailing headwinds in the construction lending market, liquidity is available for well-located projects with best-in-class sponsorship,” Paulsrud said in a statement. 

Andover-based Lynch Materials sold the parcel to developers in May 2022 for $35.25 million, according to a Middlesex County deed.