LPC Negotiates 345,000-Square-Foot Lease with TriMark USA
BOSTON- Lincoln Property Company (LPC), and global investment manager Barings, announced the signing of a 345,000-square-foot lease at Bellingham Distribution Center, a newly constructed, state-of-the-art warehouse in Bellingham, MA.
TriMark USA, LLC (TriMark) will relocate from South Attleboro and expand to occupy the full building at 160 Mechanic Street. TriMark is the country’s largest restaurant supply company and provider of food service supplies, restaurant equipment, restaurant supplies, and design services.
“Barings, on behalf of our investors and business partners, is very pleased to provide best-in-class warehouse space that helps serve the greater Boston community,” said Mark Freeman, Managing Director, Barings Real Estate Equity Asset Management. “We look forward to a long-term and mutually beneficial relationship with TriMark.”
LPC’s Senior Vice President Ellison Patten and Associate James Tambone represented the landlord in the lease transaction. The tenant was represented by Executive Vice President, Ed Jarosz and Executive Managing Director, Rick Schuhwerk of Newmark.
“Working closely with ownership, we’re very pleased to execute a long-term lease with a strong credit tenant,” said Patten. “This was a significant deal for the Greater Boston market amid the pandemic recovery, as it demonstrates the continued demand for best-in-class industrial space that is well designed and strategically located along a key distribution corridor. A good real estate deal is when it’s a win for both sides and the Newmark team deserves credit for their representation of TriMark.”
In addition to 36-foot clear heights, Bellingham Distribution Center features 70 dock doors with vision panels, mechanical levelers, dock seals and dock lights, 50 trailer parking spaces, 60-foot ruck speed bay concrete apron, 130-foot truck court and 227 car parking spaces. Energy efficient systems include LED sensor lighting, ESFR sprinklers and 12 clearstory windows above truck doors in lieu of skylights.
