BOSTON— Marcus Partners today announced the acquisition of a five-building industrial portfolio north of Boston totaling 307,053 square feet. The properties, which are 99% occupied, further strengthen the firm’s growing industrial platform and mark another milestone in its active investment strategy.
With this transaction, Marcus Partners’ industrial acquisition volume now exceeds 2.2 million square feet over the past 12 months, underscoring its position as one of the region’s most active industrial investors.
“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 at 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.”
Strategic Investment in Core Industrial Markets
Marcus Partners acquired the portfolio for $40.5 million in partnership with Rhino Capital, with financing provided by Citizens Bank. The assets include:
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27 Industrial Avenue, Chelmsford
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187 Billerica Road, Chelmsford
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10 Elizabeth Drive, Chelmsford
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16 Progress Avenue, Chelmsford
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118 Mystic Avenue, Medford
The portfolio sits within one of Greater Boston’s strongest industrial corridors, providing access to key transportation routes and a deep labor pool. Each facility offers a combination of flexible layouts, strong tenant retention, and value-add potential through strategic capital improvements.
