Blackstone Buys UPS-Anchored Development for $59M
A UPS-leased industrial development in Saugus developed by Hilco Redevelopment Partners was acquired by Blackstone Real Estate for $58.5 million.
Eversource Signs Lease at Marcus Partners Project
Eversource Gas signed a full-building lease for a new development by Boston-based Marcus Partners at Taunton’s Myles Standish Park.
Ex-Iron Mountain Building Slated for Redevelopment, with Wine Cellar
A Brookline developer seeks to modernize and expand a former Iron Mountain records warehouse in Boston’s Newmarket district for a range of commercial uses including an 813-unit self-storage facility.
203K SF Fall River Development Set to Begin in 2025
A cold storage operator acquired an approved development site in a Fall River industrial park for a new facility scheduled to break ground in early 2025.
Movie Studio Project Derailed in Braintree
A Braintree property that was pitched for a major film studio development has been listed for sale by the current owner, who also donated a 39-acre portion of the site to a South Shore wildlife hospital for a nature preserve.
Less Demand, Higher Costs Slow NH Industrial Growth
New Hampshire’s industrial real estate market is finally cooling down after a long boom period originally sparked by the COVID-era’s strong demand for warehouse space occupied by e-commerce companies.
Rhino Capital Breaks Ground on Taunton Development
Boston-based developer Rhino Capital is seeking tenants for a new 285,000-square-foot development beginning construction in Taunton’s Myles Standish Industrial Park.
Tishman Speyer Buys North Shore Development Site for $77M
A Tishman Speyer-led team plans to break ground on a 700,000-square-foot development that would replace a Peabody medical device company’s longtime headquarters.
Capital Group Properties Plans Leominster Development
Southborough-based Capital Group Properties plans to develop a 67,500-square-foot industrial building for completion in early 2025 after acquiring a Leominster parcel.
GFI Partners Set to Tee Off 200K SF Development
Boston-based developer GFI Partners plans to develop 200,000 square feet of commercial space at the former Grafton State Hospital after completing an acquisition from MassDevelopment.
524K SF Spec Development Planned in Westfield
A Concord developer plans to break ground on a speculative warehouse at a 126-acre next to Westfield-Barnes Regional Airport.
Holyoke Seeks an On-Ramp to Mass. ‘Climate Corridor’
As MIT-trained scientists pursue clean energy breakthroughs at Cambridge and Somerville incubators, Gateway Cities are seeking to capture a share of Massachusetts’ growing decarbonization economy.
Rescuing Stranded Assets in Gateway Cities
Robert Delhome Founder and president, Charter...
Lynn Is Having a Moment
Developers have also found an increasingly receptive audience with city leadership in Gateway Cities just outside Boston at a time when many point to an increasingly high cost of doing business within city limits.
Taking the Temperature of Industrial Development
Known primarily for its vast multifamily portfolio, developer Greystar is in the hunt for good sites in Massachusetts to provide expansion for industrial real estate tenants. Chris Legocki oversees the effort.
Amazon Plans to Double Delivery Sites After Boston-Area Pullback
After a high-profile pullback that left some developers in the lurch and other warehouses leased but sitting empty, is Amazon planning an about-face on its footprint contraction?
Amazon Delays Opening of Revere Distribution Center
Opening of Amazon’s recently-completed distribution center in Revere is indefinitely delayed as the online commerce giant scales back its once-torrid expansion plans.
Hines Developing Chelsea Last-Mile Distribution Center
For its first industrial project in Greater Boston, Hines is targeting the last-mile distribution market with a 146,409-square-foot facility at 250 Marginal St. in Chelsea.
Industrial Vacancies Rise Amid Strong Construction Pipeline
Vacancies rose to 7.2 percent in Greater Boston’s industrial market as leasing failed to keep pace with a strong development pipeline.
National Development Lands Wayfair, Lowe’s at Former Airfield Project
Redevelopment of a former Raytheon Corp. property in Connecticut will be anchored by Wayfair and Lowe’s, which have leased a combined 2.5 million square feet of distribution space.
