M
arcus Partners has assembled a new light industrial portfolio in the Greater Boston area, marking the latest phase of its targeted strategy to acquire and modernize well-located, multi-tenant properties. The 168,480-square-foot portfolio includes three buildings across six locations: 275 and 330 Hopping Brook Road in Holliston, MA, and 77 Accord Park Drive in Norwell, MA.
This acquisition complements Marcus Partners' broader investment focus on light industrial assets, following the firm's purchase of a 1.2 million-square-foot portfolio in Southern New Jersey and Bucks County, Pennsylvania last year. "We're drawn to light industrial properties that can be updated to meet modern tenant needs," said Chris Legocki, Senior Vice President, Investments at Marcus Partners.
The acquired properties offer improved facilities and operational support for regional tenants seeking to remain close to their customer base. The portfolio was assembled from under-managed or under-capitalized assets with upside potential through modernization and efficient operations. Financing for the acquisitions came from Cambridge Savings Bank, Middlesex Savings Bank, and Rhino Capital.
By investing in properties serving dense population centers west and south of Boston, Marcus Partners aims to cater to location-sensitive, regional industrial tenants underserved by new construction supply. The firm's focus on light industrial assets continues to pay off as demand remains robust and redevelopment pressures intensify in core markets.
