77 Accord Park Drive/Image courtesy of Marcus Partners

Boston-based Marcus Partners expanded its industrial portfolio with acquisition of three multi-tenant properties in Holliston and Norwell.

The transactions are part of Marcus Partners’ strategy of acquiring properties that cater to regional tenants.

“We see significant appeal in light industrial properties that present an opportunity to be updated and tailored to meet modern tenant needs,” Marcus Partners Senior Vice President Chris Legocki said in a statement. “This provides a niche where we can offer improved facilities and streamlined property operations for businesses that want to remain close to their existing customer base.”

The Holliston and Norwell properties contain six buildings containing a combined 168,480 square feet of light industrial space.

The transactions include 275 and 330 Hopping Brook Road in Holliston, and 77 Accord Park Drive in Norwell.

The Norwell property contains four buildings that are 78 percent leased to 13 tenants and sold for $16 million, according to a Plymouth County deed. The acquisition is a joint venture with Boston-based Rhino Capital. Middlesex Savings Bank provided $12 million in mortgage financing.

275 and 330 Hopping Brook Road in Holliston are two buildings that were built in 2013 and 2005, respectively, and are fully leased to 10 tenants. Cambridge Savings Bank provided $7.1 million in mortgage financing.

Marcus Partners acquired a 25-building light industrial portfolio in New Jersey and Pennsylvania in September 2024 under the same strategy to respond to demand from smaller tenants. The inventory of well-located industrial buildings is limited because of displacement as properties are redeveloped for alternate uses, Marcus Partners’ Legocki said in a statement.