Colliers secures first lease at new 310,000-SF industrial campus in Shrewsbury

Centech Park North

Shrewsbury, MA – Colliers announced that it has secured the first lease of Centech Park North, a 310,000 square-foot flexible industrial campus currently under construction in Shrewsbury, Massachusetts.

SGPS ShowRig, a leading entertainment equipment solutions firm, will lease 49,524 square feet at Centech Park North’s Building B. Colliers’ team of Kevin Brawley, Stephen Woelfel, PJ Foster, Kevin Hanna, Ovar Osvold & Wayne Spiegel represented landlord Northbridge Partners; Cresa’s Rhett Delk and Nate Heilbron represented the tenant.

Centech Park North sits in the heart of the MetroWest, with easy access to much of the Northeast regional population and major roadways. Construction is moving quickly on the 60-acre industrial campus as walls are up and delivery is slated for early Q4 2022. With SGPS’s lease, Centech Park North now has 196,975 SF of subdividable flex/industrial space in Building A and 53,576 SF in Building B available.

In addition to the leasing successes at Centech Park North, Colliers is also seeing expanded interest in sister industrial property 80 Pine Hill Drive in Boylston, MA. The 396,375 square-foot industrial building is currently under construction, with delivery on track for January 2023. Adjacent to the 362,000 SF FedEx Distribution Center, 80 Pine Hill Drive features immediate highway access to Interstate 290 and Route 140.

“We have been really pleased with interest in Northbridge’s campuses in Shrewsbury and Boylston. Market activity continues to be strong in MetroWest, with several tenants interested in the remaining vacancy of Centech Park North and its sister property at 80 Pine Hill Drive,” said Kevin Brawley, Senior Vice President, Colliers.