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Marcus Partners believes that responsible consideration of our community and its stakeholders is imperative not only ethically, but also for the long-term success of our business and investments.
This belief has been a central tenet of our business since the firm was founded. We are proud of our accomplishments in this arena to date and seek to continually improve upon existing practices.
Our ethical framework leads us to adhere to a number of Stewardship-related guidelines in the course of our investment, development, and management efforts. We seek to implement these efforts through a variety of activities that we have accomplished, which include but are not limited to those outlined here.
Sustainability.
Consider and apply sustainable practices that enhance property value.
> Prioritize energy conservation across our portfolio, implementing high-efficiency fixtures and operational improvements
> Continually assess opportunities to achieve certifications such as ENERGY STAR and LEED, reflecting our commitment to maintaining the highest environmental standards
> Support sustainable commuting by providing amenities such as secure bike storage, electric vehicle charging stations, and promoting public transit access
> Conduct thorough environmental analyses before acquisitions and developments and include Green Lease clauses where feasible to partner with tenants on environmental initiatives
Community.
Promote health, well-being, and equitable outcomes.
> Partnerships with organizations that broaden opportunities for underrepresented groups
> Internship program with a focus on increasing opportunities for underrepresented groups in the commercial real estate industry
> Numerous philanthropic / volunteer initiatives
> Annual MPCares program provides all team members supplemental funds to donate to nonprofit or family-in-need of their choosing
Governance.
Uphold high standards of accountability & transparency, honoring fiduciary responsibility above all.
> Operating firm-level Executive Advisory Committee to provide insights and expertise on operations, evolution, and strategic matters
> Firm’s partnership structure provides long-term succession planning framework and business continuity for decades to come
> Robust internal compliance framework
> Ongoing cybersecurity education and investments
> Engage high-quality third-party auditors, accountants, and legal counsel
We have the opportunity to leverage our investments to create a new generation of real estate.
Innes Apartments: Revitalizing Affordable Community Living
Innes Apartments, originally constructed in the 1950s, faced the challenges common to many public housing developments – decades of deferred maintenance and a lack of modernization. The substantial capital required to bring this development up to current standards far exceeded available public funding. Recognizing the urgent need for safer, more accessible and modern homes, a pioneering public-private partnership was formed to redevelop the site. The outdated Innes apartment buildings have been replaced with a new, 300k SF community which opened in Q4 2024.
This redevelopment provides 96 newly constructed affordable units for the existing residents, 40 additional units for middle-income families and 194 market-rate apartments. This project reflects our commitment to addressing the housing crisis in the Commonwealth of Massachusetts by preserving and improving affordable housing while expanding workforce and market-rate options in a transit-oriented, mixed-income community. We believe this initiative sets a precedent for future public-private collaborations aimed at revitalizing public housing.
14 South Hunt Road: Pioneering Sustainable Manufacturing
14 South Hunt Road is a fully leased, 432,000 SF industrial manufacturing build-to-suit in Metro Boston that delivered in late 2024. Sustainability is an important focus of this build-to-suit development, as it is designed to align with the user’s strategic goal of achieving Net Zero by 2030. The facility features electrified processes and equipment, enhanced energy efficiency measures, and a commitment to sourcing electricity from renewable energy sources. Additionally, this state-of-the-art facility allows the user to continue operating within its longstanding community. As such, this project not only supports environmental sustainability but also affords us the opportunity to be a partner in supporting local economic growth and innovation.
Foundry at Drydock: Expanding Access to STEM Education
Through our community engagement for Foundry at Drydock, a 262,000 SF life science project in Boston’s Seaport, we announced a significant commitment to help fund the Boston area and greater New England expansion of the nonprofit BioBus. Aboard BioBus mobile laboratories and in community labs, K-12 and college students who have traditionally been underrepresented in the scientific community work alongside scientists on hands-on experiments and kick-off a lifetime of science engagement. While the sciences are a significant contributor to the Commonwealth of Massachusetts economy, our aim is to help ensure all kids, particularly those from underrepresented groups, are exposed to STEM careers and opportunities.
