#United States #Boston #industrial real estate #Fox Capital Partners #Reclamation Partners

Reclamation Partners Acquires Light-Industrial Building in Boston Area

In a significant move within the real estate sector, Reclamation Partners has announced its latest acquisition of a 74,300-square-foot light-industrial building located at 660 Bodwell Street in Avon, Massachusetts, just south of Boston. This acquisition represents a collaborative effort with Fox Capital Partners and is part of a strategic approach to capitalize on the growing logistics and industrial assets market.

Details of the Acquisition

The newly acquired property is set on a sprawling 4.9 acres and stands as a single-tenant property situated in one of the region's most densely populated industrial corridors, the Route-128 South submarket. This acquisition was secured off-market, allowing Reclamation Partners to negotiate a favorable deal that aligns with their investment strategy. Following the transaction, a six-month leaseback arrangement was established with the previous owner, ensuring a smooth transition and maintaining the property's operation during the initial phase post-acquisition.

Matthew McCarthy, the Managing Partner at Reclamation, outlined that this acquisition aligns perfectly with their value-add operating playbook. He noted their focus on identifying well-located industrial properties that present opportunities for enhancement through targeted capital improvements. The aim is to maximize leasing outcomes and promote long-term value creation for investors.

Planned Improvements

Once the lease period concludes, Reclamation Partners is set to embark on a comprehensive capital improvement program aimed at modernizing the facility. Planned enhancements involve significant upgrades, including:

• - Refreshed office interiors designed for modern workforce needs
• - A white-box approach to the expansive warehouse space, offering flexibility for future users
• - Upgrades to HVAC and electrical systems, ensuring energy efficiency and compliance with current standards

These improvements will transform the building into a state-of-the-art logistics facility, catering to the requirements of today’s logistics users, and are expected to make the property move-in-ready by summer 2026.

Strategic Importance of the Acquisition

Daniel Connaughton, another Managing Partner at Reclamation, commented on the critical nature of this acquisition, underscoring it as a significant step in expanding their portfolio in the Greater Boston area. The strategic location of the property within such a high-demand corridor enhances Reclamation’s ability to deliver a modernized asset to market buyers, ultimately benefiting logistics operations across the region.

This acquisition exemplifies a broader trend within the real estate industry, where firms seek to enhance aged or outmoded properties to cater to the booming demand for logistics space driven predominantly by the rise of e-commerce and the increased need for efficient supply chain operations.

About Reclamation Partners and Fox Capital Partners

Reclamation Partners is a prominent real estate investment manager that specializes in acquiring, repositioning, and managing logistics assets throughout the Northeast U.S. Their strategy is underpinned by extensive market insight and experience, enabling them to deliver value in high-demand submarkets characterized by rising population densities and older inventory bases in need of modernization.

Conversely, Fox Capital Partners strictly focuses on the industrial real estate sector, managing various discretionary funds and joint ventures that facilitate institutional-grade industrial developments and value-add acquisitions. Their collaboration with Reclamation seeks to further strengthen their impact in this competitive market.

For more insights and updates, you can explore further details on Reclamation Partners and Fox Capital Partners.