Marcus Partners reached an industrial outdoor storage (IOS) and ground-up, build-to-suit deal with a large utility provider at 425 John Quincy Adams in Myles Standish Park in Taunton, MA. This will be the firm’s second office-teardown-to-industrial project in the park. The project is expected to deliver in late 2025.
“We are seeing demand from users who want IOS with quality ancillary facilities in prime locations,” said Josh Berman, principal, head of construction at Marcus Partners. “The current market demands strategic thinking and creative approaches to change-of-use opportunities in order to maximize underutilized sites.”
The property was formerly home to a 95,000-square-foot office building. The lease with the user includes 4.4 acres improved by a ground-up 40,000-square-foot ancillary flex building and three acres of IOS.
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