ACTON, MA – Calare Properties (Calare) has announced plans for a new industrial development at 50 Nagog Park in Acton to meet the growing demand for flexible, high bay assets in suburban markets. The build-to-suit project will deliver 120,000 sq. ft. of industrial flex space suitable for a range of warehouse, manufacturing, flex office, tech, and lab tenants.
The single-story development project will offer tenants sub-dividable floor plates from 20,000 to 120,000 sq. ft. with ceiling heights of up to 32 feet. Located on an 11-acre site within the Nagog Park campus, the project will join a robust community home to 750,000 sq. ft. of office, lab and flex space; a 65,000 sq. ft. retail center; and a 380 multi-family residential property.
“The opportunity to develop at 50 Nagog Park will fill a critical need for prime flexible space outside of Boston as we continue to see sustained demand for industrial space in the region,” said Bill Manley, CEO at Calare. “Calare’s nearly 20 years in the industrial real estate sector provides us with a comprehensive understanding of the unique needs of these tenants, and we look forward to delivering much-needed modern space to the market.”
Calare purchased the 11-acre property in December of 2019 and will tear down the 120,000 SF office building that currently sits on the site. Their goal is to break ground on the project in the fall of 2020, with completion anticipated for mid to late 2021.
50 Nagog Park boasts convenient proximity to major throughways, including I-495 and I-95, as well as Routes 2, 2A, 3 and 27. The property is located 25 miles northwest of Boston, with direct access to major hubs throughout the region. For more information and to view an interactive video on this exciting, new project please click here or copy and paste this link- https://bit.ly/3wR46iL to your browser.
To learn more about leasing opportunities, contact Tim Collis at tcollis@calare.com.
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About Calare Properties
Calare Properties is a private real estate manager and operator focused on acquiring warehouse, manufacturing, research and flex/office commercial real estate for the economic benefit of our investors and strategic partners. Since the firm’s inception in 2003, Calare has led the acquisition of over 19 million sq. ft. of properties representing $850 million in transactions through funds, direct deals and a multi-asset portfolio. Further information is available on our website www.calare.com or email us at cnolfi@calare.com.
MEDIA CONTACT
Meghan Segien
Calare Properties
msegien@calare.com
978-307-0303