Newmark Appointed as Exclusive Leasing Agent at 900,000-SF Industrial Park, The Campus at Innovation Way

April 19 2024, 9:00 AM

Newmark has been appointed as the exclusive leasing agent at VMD Companies’ 900,000-square-foot industrial park, The Campus at Innovation Way in Fall River, Massachusetts. Located at 10 Innovation Way, the Class A offering features four buildings: Building 1 is 291,200 square feet, while Buildings 2, 3, and 4 are 203,800 square feet each. Newmark’s Boston-based Executive Managing Directors Ed Jarosz and Rick Schuhwerk, along with Associate Michael Malinconico, will serve as the exclusive leasing agents on behalf of the owner.

“We are thrilled to be partnering with VMD Companies on a market-shaping project such as this,” said Jarosz. “Providing both attractive opportunities and features, such as being able to build 80-foot clear heights and 10,000 amps of power in each building–there is no comparable project on the market today, making it all the more special.”

This thoughtfully designed industrial park is suitable for various uses, including distribution, cold storage, tough tech and manufacturing. Building 1 can accommodate floor plates ranging from 50,000 to 291,200 square feet, while Buildings 2, 3, and 4 each can accommodate floor plates ranging from 50,000 to 203,800 square feet.

“We’ve spent a significant amount of time analyzing what the market needs and are excited to deliver a modern, institutional quality asset into a supply-constrained market,” said Phil Down, Chief Executive Officer of VMD Companies.

The project is fully entitled and ready to break ground; VMD Companies aims to deliver for occupancy by Q2 2025. Each building has been designed to Class A specifications, including 48 tailboard loading docks with full dock packages and 30,000-pound mechanical levelers and 36-foot clear heights which can be increased to 80’ as needed. Lots have been organized to maximize both trailer and car parking spaces, while 190-foot truck courts allow for unrestricted circulation. In addition to its structural and design appeal, the industrial park is well-positioned between Boston, Providence and Cape Cod.

“The Campus at Innovation Way is well-suited for tenants who need access to major transportation nodes and a strong local labor pool,” added Down.

Fall River is less than 15 miles south of I-495, and just minutes from major southern industrial parks like Mansfield, Taunton, and others north on Route 24. A “Gateway City,” Fall River provides incentives and favorable zoning for a variety of businesses and industries. Nearby institutional users include Amazon, Mass Biologics, and Stop & Shop. Unique power and water capacity help The Campus at Innovation Way stand out from other speculative industrial developments For a marketing brochure and further details, visit www.campusatinnovationway.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark’s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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