Franklin, MA Marcus Partners has completed the $85.25 million acquisition of an 899,755 s/f warehouse/distribution portfolio. The Boston Metro Industrial Portfolio includes four properties: 
• 176 Grove St., Franklin; 
• 326 Ballardvale St., Wilmington; 
• 1 First Ave., Peabody; and 
• 57 Littlefield St., Avon. 

This combines with Marcus Partners’ existing 1.1 million s/f of industrial product in Greater Boston to create a total industrial portfolio of 2 million s/f comprised of eight buildings that are complementary in terms of geography, leasing exposure, and physical product type.

The properties are located close to area highway systems and population centers. Efficient layouts include generous column spacing, ample car and trailer parking, and desirable loading capacity. The size of the tenant spaces within the portfolio varies significantly, providing an ability to accommodate a broad spectrum of tenant requirements.

“Greater Boston’s warehouse/distribution sector is significantly supply-constrained relative to other parts of the country and continues to demonstrate strong tenant demand,” said Ryan McDonough, Marcus Partners’ Boston regional director. “This strategic purchase expands our presence and provides an attractive balance of secure in-place cash flow with an opportunity to pursue multiple value-add strategies; most notably through the development of excess land.”

Marcus Partners and its affiliates have completed 12 warehouse/distribution acquisitions to date. The firm’s current fund invests in office, medical office, research and development, multifamily, warehouse, and industrial properties, primarily along the East Coast.