Marcus Partners Assembles New Light Industrial Portfolio in Metro Boston
Strategic Acquisitions Target Well Located Light Industrial Properties
Marcus Partners has assembled a new light industrial portfolio in the Greater Boston Area under a strategic imperative to identify well-located, highly functional multi-tenant properties that cater to the needs of underserved regional tenants. 275 and 330 Hopping Brook Road, Holliston, MA and 77 Accord Park Drive, Norwell together comprise 168,480 SF of light industrial space across six buildings with key attributes that appeal to a wide range of businesses that serve dense population clusters to the immediate West and South of Boston. Under this same investment strategy, the firm recently acquired a 1.2M SF, 25-building light industrial portfolio in Southern New Jersey and Bucks Country, Pennsylvania in September 2024.
“We see significant appeal in light industrial properties that present an opportunity to be updated and tailored to meet modern tenant needs,” says Chris Legocki, Senior Vice President, Investments of Marcus Partners. “Our strategy capitalizes on strong demand for smaller scale industrial spaces of institutional quality and caters to location-sensitive, regional industrial tenants that are underserved by new construction supply and often displaced by redevelopment of infill light industrial properties for alternate uses. This provides a niche where we can offer improved facilities and streamlined property operations for businesses that want to remain close to their existing customer base.”
275 and 330 Hopping Brook Road in Holliston are two separate buildings that were built in 2013 and 2005 respectively and are currently fully leased to 10 tenants. This portfolio acquisition was financed by Cambridge Savings Bank.
77 Accord Park Drive, Norwell contains four light industrial buildings built in 1983. This campus is currently 78% leased to 13 tenants. The acquisition was completed with JV partner, Rhino Capital and financed by Middlesex Savings Bank.
The properties were each bought in May from long-term original owners.
About Marcus Partners
Marcus Partners is a vertically integrated real estate firm with a team that has a 30-plus year history of successful investment, management and development. The firm is headquartered in Boston, with regional offices in Metro New York and the Mid-Atlantic. The firm focuses on strategic and opportunistic investment strategies across industrial, multifamily, and other property types where it can create value and maximize risk-adjusted returns. Marcus Partners and its affiliates own, control, operate or are developing 7M+ square feet of real estate and 3,200+ multifamily units.
18 June 2025