Marcus & Millichap Inc.
09/29/2026 | Press release | Archived content
Marcus & Millichap Arranges $4.45M Sale of Industrial Warehouse in Boston Suburb
Press Releases
Marcus & Millichap Arranges $4.45M Sale of Industrial Warehouse in Boston Suburb
September 29, 2026
LinkedIn Email App
BILLERICA, Mass., Sept. 29, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 400 Iron Horse Park, an industrial property in Billerica, Massachusetts. The asset sold for $4.45 million.
"This was a competitive marketing process with multiple offers. The eventual buyer was able to close quickly with minimal contingencies," said Harrison Klein, managing director investments in Marcus & Millichap's Boston office. "This sale reinforces the need by users for affordable industrial space throughout New England."
Klein, Luigi Lessa and Mattias Edenkrans of Marcus & Millichap exclusively marketed the property on behalf of the seller. Klein and Lessa, in association with David Skinner and Prescott IOS, procured the buyer.
The 219,164-square-foot property was built in 1913 and includes two manufacturing buildings. The buildings have 185,000 square feet of ground-floor and 34,164 square feet of mezzanine space. It is occupied by a single manufacturer and features three loading docks and eight drive-in doors. The property sits on a 41.7-acre parcel, with 13 usable acres.
Iron Horse Park is witnessing a resurgence as the MBTA leverages holdings in the area and recently built a command center for all northern commuter rail trains. 400 Iron Horse Park is approximately 30 miles from Boston, close to Route 3 and Interstates 495 and 93.
"This was a competitive marketing process with multiple offers. The eventual buyer was able to close quickly with minimal contingencies," said Harrison Klein, managing director investments in Marcus & Millichap's Boston office. "This sale reinforces the need by users for affordable industrial space throughout New England."
Klein, Luigi Lessa and Mattias Edenkrans of Marcus & Millichap exclusively marketed the property on behalf of the seller. Klein and Lessa, in association with David Skinner and Prescott IOS, procured the buyer.
The 219,164-square-foot property was built in 1913 and includes two manufacturing buildings. The buildings have 185,000 square feet of ground-floor and 34,164 square feet of mezzanine space. It is occupied by a single manufacturer and features three loading docks and eight drive-in doors. The property sits on a 41.7-acre parcel, with 13 usable acres.
Iron Horse Park is witnessing a resurgence as the MBTA leverages holdings in the area and recently built a command center for all northern commuter rail trains. 400 Iron Horse Park is approximately 30 miles from Boston, close to Route 3 and Interstates 495 and 93.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 29, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 02, 2026 at 20:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]