An affiliate of Equus Capital Partners, Ltd. has acquired the 300,075-square-foot Centech Park North in Shrewsbury MA for an undisclosed sum. The acquisition was completed through a programmatic joint venture.
Developed by NorthBridge Partners and completed in 2023, Centech Park North is comprised of two Class A industrial properties. The park is currently 100% leased to a diverse tenant roster spanning the life sciences, advanced manufacturing and commercial services sectors.
“Centech Park North represents a compelling opportunity to acquire a recently developed Class A industrial park in one of Greater Boston’s most supply-constrained and fundamentally strong industrial submarkets,” said Equus SVP Keith Hontz, who oversaw the acquisition with analyst Shane Mullen..He added that the park “aligns exceptionally well with our investment strategy of acquiring high-quality industrial assets positioned for long-term growth with the flexibility to accommodate large and small users alike given its shallow-bay configuration and ease of division.”
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