Marcus Partners completes 236,000 s/f of new leasing in Bellingham and Andover

Bellingham, MA Marcus Partners has executed more than 236,000 s/f of new leasing activity across its Metro Boston logistics portfolio, reflecting the ongoing demand for highly functional, metro-centric industrial space.

Marcus Partners has completed a full-building lease at 206 Mechanic St. (124,000 s/f) with New England Appliance Group, an independent retailer cooperative. The transaction brings the recently delivered facility to 100% occupancy.

At 4 Executive Pl. in Andover (168,000 s/f), Red Thread — a workplace design and integration firm — has committed to a 96,000 s/f, long-term lease. PEAK Events, a New England event equipment provider, has signed a long-term lease for 16,000 s/f.

 “These leasing outcomes reflect our disciplined approach to delivering industrial assets that meet the needs of today’s tenants,” said Mike Ferrucci, senior vice president, asset management at Marcus Partners. “By focusing on user requirements and leveraging deep local knowledge, we positioned these facilities to attract leading regional firms and bolster portfolio performance.”

Building on this leasing momentum, the firm recently closed on 2 Commerce Dr. in Tyngsborough, Massachusetts, and commenced construction on the first phase of a two-phase, ground up development featuring 125,000 s/f and 275,000 s/f logistics facilities. The project has garnered strong tenant interest and further demonstrates the firm’s commitment to delivering modern, efficient buildings in prime industrial locations.