Lunenburg, MA – The Brennan Group (TBG), John M. Corcoran & Company (JMC), and equity partner Berkeley Partners have broken ground and construction is underway on Lunenburg Central, a 372,000sf, Class A High Bay warehouse/distribution facility.
Located at 475 Leominster Shirley Road in Lunenburg, the facility is in the heart of the Route 2 Industrial Corridor in central Massachusetts and offers quick access to major distribution roadways. Site work commenced in February and the facility is scheduled to be delivered in early 2023.
“With the unprecedented demand for Class A warehouse product in the Metro Boston market, where speed to market for tenants is so critical, the decision to build on spec was a strategic one,” said Tim Brennan, vice president of TBG. “The competition for land has pushed the development of new industrial product further west, and tenants are responding positively, particularly for locations with convenient highway access like Lunenburg Central.”
The tilt-up construction warehouse/distribution facility will feature 36 foot clear height, 71 loading docks and two drive-in doors, with 402 vehicle parking spaces and 94 trailer/van parking stalls (expandable to 120), as well as build-to-suit office space. Lunenburg Central is subdividable to 200,000sf, and leasing efforts will be handled exclusively by the Newmark Industrial Leasing and Investment Sales team led by Ed Jarosz. Construction financing was led by the CBRE Capital Markets team through Cambridge Savings Bank.
Designed by GMA Architects, Lunenburg Central will be constructed by ARCO National Construction.
“We are proud of the team we have assembled for this development, and the Town of Lunenburg has been a terrific partner throughout the entitlement and permitting process,” said Peter Mahoney, executive vice president of development & acquisitions for JMC. “Lunenburg Central will deliver much needed warehouse/distribution space with a best-in-class facility in a rapidly tightening market.”