Rockpoint, a real estate private equity firm based in Boston, recently acquired the Uxbridge Distribution Center. This industrial distribution facility spans 607,000 square feet and is situated on a 70-acre site in Uxbridge, MA. While the terms of the acquisition were not disclosed by Rockpoint, it was reported by Worcester Business Journal to be worth $120 million.
The facility was completed in 2023 and features a cross-dock design. It is located in the Worcester submarket which provides easy access to both Providence and Boston within an hour’s drive. This strategic location offers access to Massachusetts’ primary distribution corridors as well as its surrounding labor markets with skilled talent. Currently, approximately 73% of the space is occupied under a long-term lease.
According to Fred Borges, senior managing director at Rockpoint: “As we continue expanding our industrial portfolio, this newly constructed property presents an attractive investment opportunity in a market with high barriers-to-entry that we are familiar with.” He also noted that Greater Boston has seen consistent growth in industrial rents due to strong demand for top-quality space and limited new supply being produced due to scarcity of suitable sites.
