Maersk Signs Full-Building Lease Outside Boston
It's the largest lease agreement in the area since 2020.
Danish shipping firm Maersk has signed a full-building lease totaling 616,875 square feet at GFI Partners’ warehouse at 75 Plain St. in Hopedale, Mass, Bisnow reported. Cushman & Wakefield represented the landlord.
Maersk’s lease signing represents the largest new industrial lease in the Greater Boston area since 2020, according to Cushman & Wakefield Senior Research Manager Riley McMullan.
GFI acquired the 141-acre site for $15 million in 2023 before developing the Class A warehouse, according to the Worcester Business Journal. The facility opened in 2024, and Northwestern Mutual Debt Funds provided a $73.9 million construction loan for the warehouse that same year, according to Yardi Matrix.
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75 Plain St. includes 81 dock-high doors and four grade-level doors, the same source shows. The one-story facility features 36-foot clear heights and more than 200 trailer parking spaces. There are more than 300 employee parking spaces available onsite.
The property is approximately 45 miles southwest of Boston and about 26 miles southeast of Worcester, Mass., with close access to Interstates 495, 90 and 95.
The lease represents Maersk’s growing footprint across multiple U.S. markets. Earlier this year, the company signed a 233,492-square-foot lease in Linden, N.J. at 200 Linden Logistics Way. That property is owned by a partnership between PGIM, Advance Realty Investors and Greek Real Estate Partners.
Industrial momentum picks up in Boston
Maersk’s lease reflects broader momentum in Greater Boston’s industrial market. According to Cushman & Wakefield, the metro recorded 2 million square feet of new leasing activity so far in 2026—the highest volume since the third quarter of 2022. The metro is expected to bring 1.6 million square feet of industrial space online throughout the year, bringing the construction pipeline to 1 million square feet.
One project in the works for the metro includes the redevelopment of the former Intel campus in Hudson, Mass. In April, National Development received city approvals to build a 950,000-square-foot industrial building on the 148-acre property.
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