West Bridgewater, MA – National Development, a vertically integrated real estate investment and development firm, announced it has closed on the acquisition of a 20-acre parcel located at 586 Manley Street in West Bridgewater, and that it has commenced construction on a 210,600sf Class A logistics facility. The building is expected to be able to accommodate tenants for occupancy in April of 2024.
Designed to meet institutional-quality specifications, the building will feature 36-foot clear heights, 168 parking spaces, 45 trailer parking spaces, and 37 loading docks with 2 drive-in doors, and can be subdivided to meet the needs of multiple tenants.
“We are excited to deliver this first-class logistics facility to the Greater Boston market. We are confident in the strength of the market particularly given the relative lack of modern, institutional-quality product available for tenants seeking to lease between 50,000 and 200,000sf,” said Andrew Gallinaro, managing partner at National Development.
The project was approved with no traffic or operational restrictions, making it an attractive option for last mile distribution operations and third-party logistics users, according to representatives of National Development. The site is located six minutes from Route 24, 16 minutes from I-Route I-93, and 33 minutes from Boston.
Cranshaw Construction is the general contractor overseeing the construction and Jones Lang Lasalle is the project’s leasing agent.
