Marcus Partners Continues Industrial Acquisition Focus
Fully Leased Warehouse In Sutton, Mass Has Option to Expand
BOSTON, July 13, 2021 – Marcus Partners, a real estate investment, management and development firm, announces the recent acquisition of 17 Gilmore in Sutton, Mass. The 116,823 square foot Class A warehouse building is located on 16.9 acres within the Sutton Commerce Park and is 100% leased to Advance Auto Parts (“AAP”) with a weighted average lease term of 6.5 years. The purchase was completed at the end of June, and includes an option to expand the building by 96,000 square feet.
“This acquisition furthers Marcus Partners’ industrial investment strategy of curating a portfolio of high-quality, diversified industrial assets and pushes our growing portfolio to over 3M SF,” said Ryan McDonough, principal of Marcus Partners. “The investment provides an attractive mix of stable cash-flow with an option to expand on an existing Class-A quality building in a desirable industrial location.”
The property was built in 2003 and features 28’ clear height and a very attractive loading dock ratio. Located directly off Route 146 within the Sutton Commerce Park, an 8-building park totaling 600,000 sf, the location provides easy access to the Mass Pike, I-290 and I-190 and is within close proximity to New England’s three largest metro areas: Worcester (14 miles), Providence (25 miles), and Boston (45 miles).
Charlie Luce and John Meador of Casco Real Estate Partners facilitated the off-market transaction.
Marcus Partners and its affiliates have completed 18 warehouse/distribution acquisitions to date. The firm’s current fund invests in residential, industrial, biomedical, medical office, office, and mixed-use properties, primarily along the East Coast.
About Marcus Partners
Marcus Partners is a vertically integrated real estate firm with a strong history of successful investment, management and development. The firm is based in Boston, with regional offices in Metro New York City and Metro Washington, D.C. The firm focuses on strategic and opportunistic investment strategies across multifamily, industrial, life science and other property types where it can create value and maximize risk-adjusted returns. Its current portfolio includes approximately seven million square feet of commercial real estate along the East Coast. For more information, please visit www.marcuspartners.com.Back to All News