Marcus Partners acquires five-asset industrial portfolio north of Boston for $40.5 million

Chelmsford, MA Marcus Partners has acquired an industrial portfolio containing five buildings north of Boston, which are 99% occupied. The sale brings the company’s total industrial acquisitions to more than 2.2 million s/f in the last 12 months as part of its overall industrial investment strategy.

“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 for 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.”

Marcus Partners acquired the five-asset, 307,053 s/f portfolio for $40.5 million in partnership with Rhino Capital and financing was provided by Citizens Bank. The properties include:

• 27 Industrial Ave., Chelmsford
• 87 Billerica Rd., Chelmsford
• 10 Elizabeth Dr., Chelmsford
• 16 Progress Ave., Chelmsford and
• 18 Mystic Ave., Medford.