Lincoln Property Company (“LPC”), in partnership with Stockbridge, hosted a groundbreaking ceremony to celebrate the start of construction on a speculative 176,800 square-foot warehouse at 404 Green Street in Wrentham, Massachusetts. When completed, the Class A industrial facility will be located just one mile from Interstate 495 and prominently situated along Greater Boston’s premier industrial corridor, less than an hour drive from Boston, Providence and Worcester. The new building will be located near the expansive retail complex, Wrentham Village Premium Outlets.
“LPC is excited to expand our logistics program to Wrentham,” said Scott D. Faber, Senior Vice President of LPC. “We look forward to working with the Town of Wrentham to deliver a great project and attract new businesses to the community.”
The development team purchased the fully-permitted 34.48-acre land site earlier in the year. The project marks the fifth joint venture and the first ground up development for LPC and Stockbridge in the Boston market.
“The 404 Green Street project is an exciting one for Stockbridge given the ability to expand our Class A industrial presence in the Greater Boston market,” said Krista Stephan, Asset Manager at Stockbridge. “Fundamentals for logistics growth in the Boston area remain strong for well positioned and designed product like 404 Green Street.”
In addition to 32-foot clear heights, 404 Green will feature 35 dock doors with vision panels, mechanical levelers, dock seals and dock lights, 33 trailer parking spaces, 60-foot speed bays, 130-foot truck court, 113 car parking spaces and 3,000 amps of power. Energy efficient systems include LED sensor lighting, ESFR sprinklers and 12 clearstory windows above truck doors in lieu of skylights.
ARCO National Construction Company is the contractor for the speculative development.
“ARCO National Construction is excited to continue our ongoing partnership with Lincoln Property Company and work to bring more Class A industrial space to the Boston market,” said George Green, Principal at ARCO National Construction. “The location and efficient design of this state-of-the-art facility will make it ideal for end-users looking to expand their distribution capacity in the region. Our local team is proud to provide design-build services for the project.”
“Demand for quality industrial space with efficient access to 495 remains strong and we are already fielding interest from a variety of industrial users,” said Ellison Patten, Senior Vice President at LPC.
For more information on the project which is expected to deliver in late 2023, visit www.404Green.com.
Development Services Ellison Patten James Tambone Landlord Representation Scott Faber Suburban Brokerage