(Read more on the industrial market.)
BOSTON-The city's limited supply of industrial space just got a little tighter following an 85,000-sf warehouse lease to CSN Stores at the Boston Business Park. A furniture and home goods retailer reliant on the Internet for sales, CSN is relocating from the Seaport District, where it occupies just under 15,000 sf.
"This represents gigantic, massive growth for [CSN]," Cushman & Wakefield senior director J.P. Plunkett tells GlobeSt.com. The company has no brick-and-mortar locations, instead encouraging consumers to purchase items online from more than 1,000 suppliers. Facilities such as Boston Business Park are being used to store the products until being shipped, a trend that is helping landlords fill warehouse space throughout the country.
Boston Business Park is owned jointly by the Campanelli Cos. and Commonfund Realty. A former supermarket warehouse facility, the 72-acre complex is being marketed to both corporate and industrial tenants, with Plunkett overseeing the leasing team along with C&W senior director Cathy Minnerly and associate Jason Breyer. Richards Barry Joyce & Partners VP Thomas Ashe was broker for CSN Stores. The tenant had considered various options in the metropolitan area before settling on Boston Business Park, but Ashe says the site fit his client's needs in several ways, including being an urban location and one providing quick access to Route 128/Interstate 95.
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