Marcus Partners Sells Two Fully Leased Ground-Up Industrial Projects
Taunton and Haverhill Buildings Comprise the “Core Two” Portfolio
Marcus Partners has announced the sale of the “Core Two” Portfolio, a 192,000 SF, two-building, Class A logistics portfolio comprised of fully-leased ground-up industrial developments. The assets were developed as part of Marcus Partners’ metro-centric logistics strategy, which focuses on delivering state-of-the-art industrial facilities in high-demand, consumer-oriented markets along the East Coast. These target markets offer industrial tenants access to a dense concentration of affluent households that continue to drive e-commerce growth. The sale price was $50,000,000.
20 Constitution Drive in Myles Standish Industrial Park in Taunton was a functionally obsolete office building that was acquired in 2021. The property was rezoned for an industrial use and demolished to make way for the development of a state-of-the-art 88,000 SF high-bay facility for an e-commerce/logistics user in 2022.
64 Research Drive in Haverhill is a 104,380 SF building fully occupied by Crane Worldwide which was developed on a previously underutilized site in the supply-constrained I-495 North submarket.
“This sale represents the culmination of four years of collaboration between our acquisitions, development, and asset management teams. These investments were made prior to a historic run-up in interest rates, providing further evidence that our value-add strategy works across cycles and rate environments,” said Ryan McDonough, Partner and Chief Investment Officer for Marcus Partners. “In total, our team has sold 18 assets totaling $488M worth of real estate since Q2 2023 across the industrial and multifamily asset classes, which continues to drive fund performance.”
Chris Skeffington from CBRE represented Marcus Partners for the sale.
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.
6 June 2025