Taunton, MA – Cushman & Wakefield announced today that the real estate services firm has arranged a 135,000-square-foot lease for Quality Custom Distribution (“QCD”) at the Taunton Trade Center located at 300 Charles F. Colton Road in Taunton.
Cushman & Wakefield’s Philip Verre and Pete Whoriskey represented the landlord, Martignetti Companies, while the tenant was represented by Chon Kantikovit, also of Cushman & Wakefield.
“We are thrilled to welcome Quality Custom Distribution to Taunton Trade Center, with their lease being one of the largest new industrial leases of last year,” said Verre. “Despite an increase in vacancies due to new construction projects coming online last year, we are still seeing demand for industrial properties with strong fundamentals and differentiating property characteristics. Taunton Trade Center is now 68% occupied, leaving 188,000 square feet of available 40' clear high-bay space, which ideally aligns with the requirements of regional and national tenants focused on the Greater New England region.”
The Taunton Trade Center is a marquee speculative industrial development consisting of 584,640 square feet of Class A high-bay distribution and warehouse space located in Myles Standish Industrial Park, one of New England’s largest industrial parks. The asset features 112 loading docks, 40-foot clear ceiling heights, 132 trailer drops, specialty floor slabs that are 25% more efficient for users compared to similar properties in the market and 546 parking spaces.
“After a widespread search across New England, Taunton Trade Center had all of the qualities that Quality Custom Distribution was looking for, a building with dimensionally suitable areas for the construction of cold storage and dry warehousing, ample number of dock doors and trailer spotting positions and compelling labor demographics making this a strategic, specialized deal,” added Kantikovit.
The property is located less than two miles off Interstate 495 providing optimal access to the surrounding Massachusetts and Rhode Island areas.
Cushman & Wakefield Arranges 135,000-SF Lease for Quality Custom Distribution at the Taunton Trade Center
Jayden Lapin-Tatman • 2/8/2024
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.