Marcus Partners Adds D'Arcy to Washington DC Metro Industrial Portfolio
District Heights Acquisition Expands Firm’s Industrial Portfolio To 3.5M Square Feet
MARCUS PARTNERS, a real estate investment, management and development firm, today announced the strategic acquisition of D’Arcy Industrial Center in District Heights, Maryland. Adding to its acquisition of two industrial buildings located in Beltsville, Maryland completed in June, the firm continues to expand its industrial portfolio in the region.
D’Arcy Industrial Center is comprised of two small-bay industrial buildings totaling over 182,000 SF and includes an adjacent, fenced 1.5-acre parcel of land utilized for industrial outside storage. At the time of acquisition, the buildings are 100% leased with near-term rollover. Located adjacent to the Capital Beltway, the property provides easy access to major population and employment demand centers including Washington, D.C., Northern Virginia, and Maryland.
“D’Arcy Industrial Center presents an opportunity to capture positive market momentum by institutionalizing an infill industrial product with desirable attributes,” said Andrew Dolinsky, Principal at Marcus Partners. “This acquisition serves to continue our long-history of targeting value-add investments and furthers our growth in the Washington D.C. Metropolitan area.”
CBRE’s Bo Cashman and Jonathan Beard led the acquisition/sale process. CBRE’s David Webb, Justin Glasgow, and Curtiss Telfer led the financing process. CBRE’s Michael Elardo, Jared Ross, and Kevin O’Neil will lead leasing efforts at the property going forward.
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 headquartered 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.
October 2021