New Industrial Development Planned For Acton's Nagog Park

Acton MA

03 August, 2020

10:00 AM

Description

ACTON, MA — Acton's Nagog Park campus will soon have a new industrial development. Calare Properties, a private real estate manager, bought the property at 50 Nagog Park and has plans to demolish the current building and build a new single-story development. The build-to-suit project will be 120,000 square feet of industrial flex space suitable for warehouse, manufacturing, flex office, tech and lab tenants. The single-story development project will offer tenants sub-dividable floor plates from 20,000 to 120,000 square feet with ceiling heights of up to 32 feet. Calare purchased the 11-acre property in December 2019 and will tear down the 120,000 square-foot office building that currently sits on the site. Their goal is to break ground on the project in the fall of 2020, with completion anticipated for mid to late 2021. The Nagog Park campus hosts retail space, office, flex and lab space as well as a 380 multi-family residential property. "The opportunity to develop at 50 Nagog Park will fill a critical need for prime flexible space outside of Boston as we continue to see sustained demand for industrial space in the region," said Bill Manley, CEO at Calare. "Calare's nearly 20 years in the industrial real estate sector provides us with a comprehensive understanding of the unique needs of these tenants, and we look forward to delivering much-needed modern space to the market."