Marcus Partners Fully Leases 7 Manley Street in West Bridgewater to 4Wall Entertainment
Firm Proceeds with a 168,000 SF Project Under Construction in Andover
Marcus Partners announced today that 4Wall Entertainment has signed a lease to fully occupy a brand-new 88,200 SF Class A warehouse building at 7 Manley Street in West Bridgewater, Mass. 7 Manley will represent the firm’s fourth newly constructed industrial project in Greater Boston over the past two years to be fully leased prior to completion. The firm looks to further build upon its track record in this space with a 168,000 SF project now under construction at 4 Executive Drive in Andover, Mass.
Located directly off Route 24 and currently under construction, the West Bridgewater building is expected to be completed next month. 4Wall is a full-service lighting, video, and rigging company servicing all facets of the entertainment industry - from corporate events and theatre to concert touring and television.
“It’s been a great experience working closely with the 4Wall team to provide them with a long-term home in what will be a best-in-class building,” said Marcus Partners Principal and Head of Construction Josh Berman. “This outcome validates our strategy of taking a measured approach to new industrial development where we are limiting our investment into projects that best match tenant demand (targeting tenants < 250K SF), in locations that offer superior highway access within established institutional submarkets. Our project in Andover continues that strategy.”
Once completed, the new building will provide warehouse distribution space with 36’ clear height, 12 dock doors (ability to go up to 30 docks), 1 drive-in door, 18 trailer spaces, 88 car parking spaces, and 8,000 SF of office into a new groundbreaking space for 4Wall Boston, which is currently located in Canton, MA.
Steven Way, General Manager of the 4Wall Boston location, commented on the new space, “At nearly 90,000 square feet, we will be able to increase our lighting, video, and audio inventory to service our customers better than ever. The all-new expansion is set to include multiple prep spaces, production offices, and a pre-visualization suite are all part of the plan. My team and I are very excited to move into our new home.”
Delivering at the end of 2023, the Andover site includes a new 167,610 SF building and features excellent access from Route 93, as well as potential for highway signage visibility and ample trailer and car parking.
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 New Jersey, Connecticut and Metro Washington, D.C. The firm focuses on strategic and opportunistic investment strategies across industrial, multifamily, life science, and other property types where it can create value and maximize risk-adjusted returns. Marcus Partners and its affiliates owns, controls, operates or is developing 8M+ square feet of real estate and 1,900+ multifamily units. For more information, please visit www.marcuspartners.com
31 May 2023