Marcus Partners Completes More Than 236,000 SF of New Leasing in Andover and Bellingham

Leasing Activity Highlights Demand for Well-Located, Modern Industrial Facilities

Marcus Partners today announced that it has executed more than 236,000 square feet of new leasing activity across its Metro Boston logistics portfolio, reflecting the ongoing demand for highly functional, metro-centric industrial space.

In Bellingham, Marcus Partners has completed a full-building lease at 206 Mechanic Street (124,000 SF) with New England Appliance Group, an independent retailer cooperative. The transaction brings the recently delivered facility to 100% occupancy.

At 4 Executive Place in Andover (168,000 SF), Red Thread—a workplace design and integration firm—has committed to a 96,000-square-foot, long-term lease. PEAK Events, a New England event equipment provider, has signed a long-term lease for 16,000 square feet.

“These leasing outcomes reflect our disciplined approach to delivering industrial assets that meet the needs of today’s tenants,” said Mike Ferrucci, Senior Vice President, Asset Management at Marcus Partners. “By focusing on user requirements and leveraging deep local knowledge, we positioned these facilities to attract leading regional firms and bolster portfolio performance.”

Building on this leasing momentum, the firm recently closed on 2 Commerce Drive in Tyngsborough, Massachusetts, and commenced construction on the first phase of a two-phase, ground up development featuring 125,000 SF and 275,000 SF state-of-the-art logistics facilities. The project has garnered strong tenant interest and further demonstrates the Firm’s commitment to delivering modern, efficient buildings in prime industrial locations.

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 pursues 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 currently own, control, operate, or are developing more than 8 million square feet of real estate and 4,100+ multifamily units.

27 October 2025