Leading global real estate advisory services firm Colliers is excited to bring to market two approved industrial buildings in the core suburban infill Metro South market. Centrally located just 20 minutes south of downtown Boston in Braintree, Massachusetts, the development provides up to 326,000 square feet of highly versatile industrial space available for lease across two buildings. This unique offering will bring to Greater Boston – and more specifically to the emerging life science cluster in Braintree – one of the largest contiguous light manufacturing and/or cGMP opportunities in the region. The development – branded as Banner Park – offers a unique solution for an otherwise highly supply-constrained product type in the market and is situated within a community boasting some of the strongest labor supply dynamics in the region. Colliers’ Senior Vice President Caleb Hudak along with Southwest leasing team members Kevin Brawley, PJ Foster, and John Real will lead the marketing efforts on behalf of owner, Onshore Properties.
“It has been a pleasure working with Onshore Properties who has flawlessly executed on its vision to bring a new state-of-the-art industrial/manufacturing campus to the Greater Boston area. Banner Park will help support a growing demand for first-class warehousing and high-tech manufacturing across a broad range of Boston’s leading industries,” said Caleb Hudak, Senior Vice President, Colliers.
Onshore Properties acquired the 130-acre campus in December 2021, which had previously been permitted for 1,200,000 square feet of warehouse and manufacturing space. The project has been designed to utilize the extensive infrastructure serving the site, including water, sewer, and power, which allows the campus to accommodate a variety of advanced manufacturing companies. The site has the ability to incorporate a renewable energy microgrid and state-of-the-art energy efficiency features. Community will also be a key theme of Banner Park, bringing over 5 miles of walking trails, outdoor fitness options, and a central town green to the campus, as well as preserving over 30 acres of open space.
The project is split up into two highly versatile buildings. Building A of this initial phase will include up to 163,010 square feet and Building B includes up to 163,540 square feet. The buildings feature 40’ clear heights, 19 loading docks and parking for up to 560 vehicles.
“We are very fortunate to be in a position to redevelop this incredible property. The innovation and rapid pace in the advancement of manufacturing represents the best opportunity for economic growth for our region and our hope is that we can attract growing companies in dynamic industries to this generational campus development opportunity,” said Chris Reale, Principal, Onshore Properties.