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MA Manufacturing Property Lands $12M
CrowdStreet, Inc. raised $11.5 million for Rhino Capital Advisors’ development of a 180,000-square-foot Class A flex manufacturing facility in Taunton, Massachusetts. The project will be located in the Myles Standish Industrial Park on 11.25 acres and will include a one-story building, 270 parking spaces, and five loading docks.
Rhino Capital Advisors specializes in the Boston metro industrial market and developed a similar neighboring project in 2020. The property will offer up to 8,000 amps of power for manufacturing companies. The Myles Standish Industrial Park is occupied by tenants such as Amazon and Verizon, indicating strong demand for new industrial facilities. CrowdStreet has raised over $4.2 billion for 798+ commercial real estate projects in the United States.
“Demand for industrial properties continues to grow as we begin to see the commercial real estate market right-side itself,” said David Govshtein, managing director at CrowdStreet. “We believe this trend will continue as company workforces grow, adding to the health of the industrial sector.”
- ◦Financing
