SHREWSBURY, Mass. — Equus Capital Partners has expanded its Greater Boston industrial portfolio with the acquisition of Centech Park North, a 300,075-square-foot Class A industrial park in Shrewsbury, the company announced Tuesday.
The acquisition was completed through a programmatic joint venture. Financial terms of the transaction were not disclosed.
Developed by NorthBridge Partners and completed in 2023, Centech Park North consists of two modern industrial buildings designed to accommodate warehouse, distribution and light manufacturing operations. The property is currently fully leased to a diverse mix of tenants in the life sciences, advanced manufacturing and commercial services industries.
The industrial park features 36-foot clear heights, ESFR sprinkler systems, LED lighting, modern loading configurations, excess trailer parking and 4,000 amps of excess power capacity in each building, providing flexibility for a variety of industrial users.
Located approximately 40 miles west of downtown Boston and less than eight miles from Worcester, the property sits near the intersection of Interstate 90, Interstate 290, Interstate 495 and Route 9, offering access to major markets throughout New England and the Northeast. It is also located within five miles of FedEx Ground and UPS parcel hubs.
Equus said the acquisition aligns with its strategy of investing in high-quality industrial properties in markets with strong long-term fundamentals.
“Centech Park North represents a compelling opportunity to acquire a recently developed Class A industrial park in one of Greater Boston’s most supply-constrained and fundamentally strong industrial submarkets,” said Keith Hontz, senior vice president at Equus, who oversaw the acquisition alongside analyst Shane Mullen.
“The properties enjoy convenient access to population centers throughout Greater Boston and New England,” Hontz said. “Centech Park North aligns exceptionally well with our investment strategy of acquiring high-quality industrial assets positioned for long-term growth with the flexibility to accommodate large and small users alike given its shallow-bay configuration and ease of division.”
The property is located within Greater Boston’s Boroughs industrial submarket, an area the company described as one of the region’s most supply-constrained industrial corridors, with consistently low vacancy rates driven by demand from technology, life sciences, healthcare, advanced manufacturing and logistics companies.
The acquisition reflects continued investor interest in well-located industrial assets across Greater Boston, particularly newly developed properties with modern building specifications and stable occupancy.
