News: Owners Developers & Managers

Newmark secures 95,800 s/f industrial
lease for Axcelis’ new distribution facility

Beverly, MA Newmark has arranged a 95,800 s/f industrial lease at 105 Sam Fonzo Dr. The transaction welcomes new tenant, Axcelis Technologies (Axcelis), an American company engaging in the design, manufacturing and servicing of capital equipment for the semiconductor manufacturing industry worldwide. Newmark executive managing directors Richard Ruggiero, Matt Adams, Torin Taylor and Rory Walsh represented the tenant on the transaction. 

With the growth of the semiconductor industry, Axcelis has witnessed continued growth in demand as a leading supplier of enabling ion implantation solutions – resulting in the tenant’s need for additional capacity for its logistics operation. With this, the tenant secured a long-term lease to occupy the entirety of 105 Sam Fonzo Dr., which will serve as the company’s new distribution and fulfillment center. 

Richard Ruggiero

 

Matt Adams

 

Torin Taylor

 

Rory Walsh

 

Developed by Tom Ford, owner of the Georgetown, MA-based T Ford LLC, 105 Sam Fonzo Dr. was originally a five-acre parcel that was purchased and expanded by an adjacent nine-acre National Grid-owned property. Designed with the intention to keep up with the continued demand from the North Shore companies, T Ford LLC assembled the 14-acre site and delivered the ground-up logistics facility spanning 95,800 s/f. 

“Topography made this a challenging 14-acre site. Green Leaf Construction and Engineering Alliance brought forward thoughtful solutions and moved the project along,” said Tom Ford of T Ford LLC. “Through the collaborative efforts of all parties involved, we are gratified to have welcomed a best-in-class tenant such as Axcelis and look forward to witnessing further milestones in their new space.” 

The facility is designed to optimize the tenant’s logistics and warehouse operations, while providing flex capacity for the company’s manufacturing operations to support its growth. The facility features the latest technologies, such as AI-driven autonomous mobile robots (AMRs) and innovative enterprise-level warehouse automation to provide significant efficiency, as well as improve material handling and flow to Axcelis’ operations. 

In addition, the logistics center includes several energy and employee-friendly amenities including EV charging stations, utilization of US EPA Energy Star-rated heating, ventilation and air conditioning equipment and all LED lighting with advanced motion sensors.

MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.