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Boston & New England  + Metro Boston  + Industrial  | 

Marcus Partners, Rhino Capital Snap Up Industrial Quintet

Marcus Partners has acquired a five-building industrial portfolio in Boston’s northern suburbs. The company acquired the 307,353-square-foot, 99% occupied portfolio for $40,500,000 in partnership with Rhino Capital, with financing provided by Citizens Bank.

Included in the portfolio are 118 Mystic Ave. in Medford, MA and 27 Industrial Ave., 187 Billerica Rd., 10 Elizabeth Dr. and 10 Progress Ave., all in Chelmsford, MA. The deal brings the company’s total industrial acquisitions to more than 2.2 million square feet in the past 12 months as part of its overall industrial investment strategy.

“The demand for light industrial facilities continues to be robust and this portfolio offers strong occupancy plus substantial growth potential,” said Chris Legocki, managing director for Marcus Partners. “In a time of market uncertainty, this portfolio appeals to a diverse tenant base and offers resilient cash flow and value creation opportunities through a range of macro outcomes.”

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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).

  • ◦Sale/Acquisition