Industrial Adaptive Reuse

INDUSTRIAL - ADAPTIVE REUSE

An industrial facility in Lawrence, Mass., tapped ACRES to fund a $14.6 million loan to finance the repositioning and lease-up of the facility. The property is comprised of the following:

• Three buildings
• Approximately 600,000 square feet of rentable area on a 14.5-acre site
• 31′ clear-height ceilings

Aside from targeting traditional industrial tenants, the sponsor is positioning the property to be a hub for biotech and robotics startups.

Conveniently located 30 minutes outside of Boston, the property represents an appealing flex-industrial option for companies looking to take advantage of attractive and attainable space.