Marcus Partners said Monday it has executed more than 236,000 square feet of new leases across its Metro Boston logistics portfolio. The firm completed leases in Bellingham and Andover.
In Bellingham, Marcus inked a full-building lease at 206 Mechanic St. with New England Appliance Group, an independent retailer cooperative. The transaction brings the recently delivered 124,000-square-foot facility to 100% occupancy.
At 4 Executive Pl. in Andover, Red Thread, a workplace design and integration firm, leased 96,000 square feet. PEAK Events, a New England event equipment provider, leased 16,000 square feet.
“By focusing on user requirements and leveraging deep local knowledge, we positioned these facilities to attract leading regional firms and bolster portfolio performance,” said Mike Ferrucci, SVP, asset management at Marcus Partners.
Building on this leasing momentum, the firm recently closed on 2 Commerce Dr. in Tyngsborough and commenced construction on the first phase of a two-phase, ground-up development that will total 400,000 square feet.
Pictured: 206 Mechanic St.
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