News:
Owners Developers & Managers
Posted: February 9, 2024
Cushman & Wakefield handles 135,000 s/f
lease for Quality Custom Distribution
Taunton, MA Cushman & Wakefield has arranged a 135,000 s/f lease for Quality Custom Distribution (QCD) at the Taunton Trade Center located at 300 Charles F. Colton Rd.
Cushman & Wakefield’s Philip Verre and Pete Whoriskey represented the landlord, Martignetti Companies, while the tenant was represented by Chon Kantikovit, also of Cushman & Wakefield.
“We are thrilled to welcome Quality Custom Distribution to Taunton Trade Center, with their lease being one of the largest new industrial leases of last year,” said Verre. “Despite an increase in vacancies due to new construction projects coming online last year, we are still seeing demand for industrial properties with strong fundamentals and differentiating property characteristics. Taunton Trade Center is now 68% occupied, leaving 188,000 s/f of available 40’ clear high-bay space, which ideally aligns with the requirements of regional and national tenants focused on the Greater New England region.”
The Taunton Trade Center is a speculative industrial development consisting of 584,640 s/f of class A high-bay distribution and warehouse space located in Myles Standish Industrial Park, one of New England’s largest industrial parks. The asset features 112 loading docks, 40 ft. clear ceiling heights, 132 trailer drops, specialty floor slabs that are 25% more efficient for users compared to similar properties in the market and 546 parking spaces.
“After a widespread search across New England, Taunton Trade Center had all of the qualities that Quality Custom Distribution was looking for, a building with dimensionally suitable areas for the construction of cold storage and dry warehousing, ample number of dock doors and trailer spotting positions and compelling labor demographics making this a strategic, specialized deal,” said Kantikovit.
The property is located less than two miles off I-495 providing access to the surrounding Mass. and R.I. areas
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