Newmark has been selected as the exclusive leasing agent for 735 Broadway, a speculative industrial development in Malden, Massachusetts. The property, developed by DH Property Holdings and Pugh Management, is a first-of-its-kind, Class A urban industrial property. Newmark’s Executive Managing Director Ed Jarosz, Senior Managing Director Brian Pinch, and Associate Michael Malinconico will handle the leasing and marketing for the property. 735 Broadway is located between Broadway and U.S. Route 1, offering excellent visibility and access to Downtown Boston, Logan Airport, and surrounding areas. The property features 32′ clear heights, 23 loading docks, LED light fixtures, and an ESFR fire suppression system. With a vacancy rate of 4.9% in the Urban Industrial Markets and a need for new distribution product, 735 Broadway is the only existing availability in its class. The property is best suited for distribution, storage, manufacturing, and light assembly uses.
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