News: Front Section

Marcus Partners leases a new 88,200 s/f class A
warehouse building at 7 Manley St. to 4Wall Entertainment

West Bridgewater, MA According to Marcus Partners, 4Wall Entertainment has signed a lease to fully occupy a new 88,200 s/f class A warehouse building at 7 Manley St. 7 Manley will represent the firm’s fourth newly constructed industrial project in Greater Boston over the past two years to be fully leased prior to completion. Marcus Partners looks to further build upon its track record in this space with a 168,000 s/f project now under construction at 4 Executive Dr. in Andover, Mass.

Located off Rte. 24 and currently under construction, 7 Manley is expected to be completed next month. 4Wall is a full-service lighting, video, and rigging company servicing all facets of the entertainment industry - from corporate events and theatre to concert touring and television.

“It’s been a great experience working closely with the 4Wall team to provide them with a long-term home in what will be a best-in-class building,” said Marcus Partners principal and head of construction Josh Berman. “This outcome validates our strategy of taking a measured approach to new industrial development where we are limiting our investment into projects that best match tenant demand (targeting tenants < 250,000 s/f), in locations that offer superior highway access within established institutional submarkets. Our project in Andover continues that strategy.”

Once completed, the new building will provide warehouse distribution space with 36’ clear height, 12 dock doors (ability to go up to 30 docks), one drive-in door, 18 trailer spaces, 88 car parking spaces, and 8,000 s/f of office into a new space for 4Wall Boston, which is currently located in Canton, Mass.

Steven Way, General Manager of the 4Wall Boston location, commented on the new space, “At nearly 90,000 square feet, we will be able to increase our lighting, video, and audio inventory to service our customers better than ever. The all-new expansion is set to include multiple prep spaces, production offices, and a pre-visualization suite are all part of the plan. My team and I are very excited to move into our new home.”

Delivering at the end of 2023, the Andover site includes a new 167,610 SF building and features excellent access from Route 93, as well as potential for highway signage visibility and ample trailer and car parking.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.