{"id":1004605512,"date":"2022-10-06T01:25:22","date_gmt":"2022-10-06T09:25:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004605512"},"modified":"2022-12-08T15:59:11","modified_gmt":"2022-12-08T23:59:11","slug":"greystar-enters-greater-boston-industrial-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greystar-enters-greater-boston-industrial-market\/","title":{"rendered":"Greystar Enters Greater Boston Industrial Market"},"content":{"rendered":"<div id=\"attachment_1004605513\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004605513\" data-attachment-id=\"1004605513\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/greystar-enters-greater-boston-industrial-market\/798-n-bedford-street\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg\" data-orig-size=\"1028,771\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1664873009&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"798 N Bedford Street\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of 798 N. Bedford St. Image courtesy of Greystar Real Estate Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg?w=1024\" class=\"wp-image-1004605513 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg 1028w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/798-N-Bedford-Street-e1664960130259.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004605513\" class=\"wp-caption-text\">Rendering of 798 N. Bedford St. Image courtesy of Greystar Real Estate Partners<\/p><\/div>\n<p><strong>Greystar Real Estate Partners<\/strong> has started construction on a 412,500-square-foot industrial project in East Bridgewater, Mass. Public records show Greystar acquired the 46-acre development site for $22.3 million from <strong>Rhino Capital Advisors<\/strong>. Completion is expected in late 2023.<\/p>\n<p>The warehouse will come online at 798 N. Bedford St. The development was designed to feature 36-foot clear height, 57 loading docks and some 340 vehicle and trailer parking spaces. <strong>JLL<\/strong> will provide leasing and marketing services at the future facility.<\/p>\n<p>The site is just west of Route 18, providing access to Boston\u2019s South Shore. Fall River Expressway is some 5 miles west.<\/p>\n<p>The East Bridgewater property represents Greystar&#8217;s entry into the Greater Boston industrial market, adding to the company\u2019s $2 billion pipeline of logistics projects. The new ownership is set to expand its industrial footprint and meet the area\u2019s growing demand for industrial space.<\/p>\n<p>According to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-embraces-reshoring-initiatives\/\">CommercialEdge report<\/a>, Boston\u2019s industrial sector\u2019s vacancy rate was at 8.5 percent as of August, while nearly 6.2 million square feet of industrial space were under construction across the metro.&nbsp;Earlier this year, Atlantic Management secured $96.5 million in financing for <a href=\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-assets-land-97m-in-boston-suburb\/\">two industrial assets in Westborough, Mass.<\/a>, totaling approximately 500,000 square feet. Amazon fully occupies the first building and will expand its footprint to the second development, a build-to-suit project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company broke ground on a 412,500-square-foot facility in East Bridgewater, Mass.<\/p>\n","protected":false},"author":2991,"featured_media":1004605513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21782,22251,21748,21742,10],"tags":[33888,32796],"class_list":["post-1004605512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-development","category-in-focus","category-industrial","category-latest","category-northeast","tag-greystar-real-estate-partners","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Greystar Enters Greater Boston Industrial Market - 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