Marcus Partners Completes 236K SF of Industrial Leases

Marcus Partners said Monday it has executed more than 236,000 square feet of new leases across its Metro Boston logistics portfolio. The firm completed leases in Bellingham and Andover.

In Bellingham, Marcus inked a full-building lease at 206 Mechanic St. with New England Appliance Group, an independent retailer cooperative. The transaction brings the recently delivered 124,000-square-foot facility to 100% occupancy.

At 4 Executive Pl. in Andover, Red Thread, a workplace design and integration firm, leased 96,000 square feet. PEAK Events, a New England event equipment provider, leased 16,000 square feet.

“By focusing on user requirements and leveraging deep local knowledge, we positioned these facilities to attract leading regional firms and bolster portfolio performance,” said Mike Ferrucci, SVP, asset management at Marcus Partners.

Building on this leasing momentum, the firm recently closed on 2 Commerce Dr. in Tyngsborough and commenced construction on the first phase of a two-phase, ground-up development that will total 400,000 square feet.

Pictured: 206 Mechanic St.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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