Marcus Partners

We are excited to announce the acquisition of the Crossings Light Industrial Portfolio, a 1.2M SF, 25-building light industrial portfolio situated on a combined 97.29 acres in Southern New Jersey and Bucks County, Pennsylvania. The properties are 95% leased to 79 national, local, public and private companies. Hats off to our Metro New York team on the successful acquisition! To read more about the Crossings Light Industrial Portfolio, visit our website: https://lnkd.in/eYjy6wcb

We are excited to announce the promotions of Michael Ferrucci to Senior Vice President, Asset Management?and Doug Nevins to Assistant Property and Asset Manager! Mike joined us in January 2018 and has been an integral part to our acquisitions in Boston and Metro New York, significantly contributing to our industrial and multifamily portfolios. More recently, Mike has been working in a cross-functional capacity across acquisitions and asset management. In his new role, Mike will focus on asset management and drive the asset management and property portfolio strategies in the Metro Boston region. Visit our website to read the full press release: https://lnkd.in/eiK38jmT Since joining our team in March 2018, Doug?has consistently proven himself to be an invaluable and collaborative team member. His dedication and meaningful contributions across all of our offices have consistently enhanced our property operations and transaction capabilities. In his new role, Doug will expand his responsibilities in supporting our asset management functions, contributing to Marcus Partners’ ongoing success. ? Please join us in congratulating both Mike and Doug! ?

Chris Legocki has joined the Marcus Partners team as Senior Vice President, Investments. With his extensive experience in the industrial and multifamily sectors, Chris will lead our Metro Boston acquisition efforts and expand our capabilities to identify new investments opportunities. Please join us in welcoming him! To read more visit our website:?https://lnkd.in/ejMHMtDx

Excited to see these two industrial developments nearing the goal line. 206 Mechanic Street is a cutting-edge 124k SF industrial project in Bellingham, MA. Strategically positioned just 1.3 miles from I-495, this asset offers accessibility to Greater Boston and beyond via I-95 and I-90. This asset also offers 36’ clear heights, 20 loading docks, 25 trailer spaces, a sprawling 130’ truck court, and ample car parking. 4 Executive Place in Andover, MA is an impressive Class A industrial space spanning 168k SF in the epicenter of the I-93 North Industrial Corridor. Great work by everyone involved.? Reach out for more details. #industrialdevelopment #marcuspartners

Please join us in congratulating Ryan McDonough, who has been named the firm’s Chief Investment Officer (“CIO”). Since joining Marcus Partners, Ryan has led the firm’s investment efforts in Metro Boston and has been critical in the firm’s success in the industrial and multifamily asset classes. Bill McAvoy, who has been with the firm for nearly 20 years and previously served as Co-CIO with Ryan, will continue as Managing Director, Investments focusing on new acquisitions, with a particular focus on Metro New York. ? To read more visit our website: https://lnkd.in/dZpMj-Kd

We are growing our Northern New Jersey industrial portfolio with our latest acquisition of 250-260 Mack Place in South Plainfield, New Jersey. “IOS is a burgeoning sector within the industrial asset class and has brought diversification to our overall portfolio.” said Todd Minerley, Senior Vice President, Marcus Partners. “We look forward to increasing our IOS footprint in Northern New Jersey in addition to our primary focus in the region of acquiring existing industrial assets and potential development opportunities. ? To read more about 250-260 Mack Place, visit our website:?https://lnkd.in/e7BzSZrh

Earlier this week, our very own Levi Reilly was sworn into the Commission on Unlocking Housing Production for the Commonwealth of Massachusetts. Governor Maura Healey swore in 10 members who will serve on the Commission and be responsible for suggesting revisions to both state and local laws to enhance housing construction in the Commonwealth. Congratulations Levi!

We are pleased to share we finalized the sale of 326 Ballardvale Street in December. The 188k SF Class A industrial property is well-located and 100% leased to a single tenant. We are proud of the successful sale and believe it is a testament to the embedded value of our industrial portfolio. To read more, please follow the link below: https://lnkd.in/eGDbwJ2C