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LITTLETON, MA-There is nothing tiny about the Littleton Distribution Center. The sprawling complex has 240,000 sf of existing industrial space and a like amount that will be under construction in the next few weeks, plus the ability to develop another 360,000 sf in the future. Now, owner GFI Partners Inc. of Boston is hoping to garner a big price for the asset, having retained CB Richard Ellis to gauge investor interest.

"We decided maybe we should bring it out and see what others think," GFI president Steven Goodman tells GlobeSt.com. The marketing campaign, he explains, was prompted by unsolicited inquires from deal-starved buyers. An asking price has not been established, he says, but some sources maintain the lack of modern industrial space will steel investors to pursue the hulking property.

The existing space at Littleton Distribution Center is about 50% leased and Goodman says there has been encouraging activity among prospects for the remaining square footage. CBRE principal Gary Lemire, who will be part of the sales effort, notes that the Littleton submarket has a limited supply of industrial and warehouse space, especially the modern sort which offers tenants both fire and safety systems and an efficient layout with high ceilings and ubiquitous loading areas.