January 2021

Marcus Partners Increases Industrial Holdings with Strategic Acquisition

Portfolio Brings Total Investment to 13 Assets and 2.5M SF in Sector

BOSTON – January 21, 2021 – Marcus Partners, a real estate investment, management and development firm, today announced the strategic acquisition of a two-building, 180K SF industrial portfolio in partnership with Rhino Capital Advisors. The portfolio consists of two fully leased properties, located at 263 Industrial Avenue in Lowell and 27 Sterling Road in Billerica.

With this most recent acquisition, Marcus Partners and its affiliates have further expanded their portfolio of high-quality, diversified industrial assets in the Greater Boston market, comprising 13 buildings and over 2.5M SF.

“The supply/demand imbalance for well-located industrial assets in the Greater Boston market continues to be a high-conviction investment theme for us. This portfolio was acquired on an off-market basis at a significant discount to replacement cost. We are very excited to partner on our first investment with Rhino Capital Advisors, a group that we’ve had a relationship with for many years.” said Ryan McDonough, Marcus Partners’ Boston Regional Director.  “This portfolio provides an attractive balance of in-place cash flow with the ability to create value through multiple paths.”

Michael Olson of Rhino Capital added “We are excited to partner with Marcus Partners on this opportunity and look forward to collaborating with their team to continue to improve the assets and create further value.”

The Sterling properties transacted for $13.35 million at the end of 2020.

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 the Financial District of Boston, with regional offices in Metro New York City and Metro Washington, D.C. The firm focuses on strategic and opportunistic investment strategies across residential, industrial, biomedical, medical office, office, and mixed-use properties where it can create value and maximize risk-adjusted returns. Its current portfolio includes approximately 7 million square feet of commercial real estate along the East Coast.  For more information, please visit www.marcuspartners.com.

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