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Boston & New England  + Metro Boston  + Industrial  |  January 22, 2021
David Cohen
By: David Cohen

Marcus Partners Acquires 180K-SF Industrial Portfolio in Metro Boston

Real estate investment, management and development firm Marcus Partners, in partnership with Rhino Capital Advisors, has acquired a two-building, 180,000-square-foot industrial portfolio in Lowell and Billerica, MASS. The sales price was reported as $13.3 million.

The two properties are located at 263 Industrial Avenue in Lowell and 27 Sterling Road in Billerica. With the acquisition, Marcus Partners and its affiliates have further expanded their portfolio of industrial assets in the Greater Boston market, comprising 13 buildings and more than 2.5 million square feet.

“The supply/demand imbalance for well-located industrial assets in the Greater Boston market continues to be a high-conviction investment theme for us. This portfolio was acquired on an off-market basis at a significant discount to replacement cost. We are very excited to partner on our first investment with Rhino Capital Advisors, a group that we’ve had a relationship with for many years.” said Ryan McDonough, Boston Regional Director at Marcus Partners.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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