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Combined Properties, Inc Executes a 26,476 SF lease of Industrial Space In Malden

 

Malden, MA- Combined Properties Inc, a full-service real estate investment and development firm, is pleased to announce that SRS Distribution recently signed a lease at 326 Commercial Street in Malden for 26,476 SF of prime industrial space.

SRS Distribution is an industry-leading, wholesale roofing products distributor that serves the professional roofing contractor. SRS Distribution is one of the fastest growing building products distribution companies in the US and has opened multiple new locations since its start in February of 2008.

326 Commercial Street was most recently occupied by a national telecom service company to house utility trucks and other equipment. The property possesses approximately 22,000 square feet of warehouse and garage space together with 4,400 square feet of office space.  It also features cross dock capability, multiple points of drive-in access as well as surface parking for approximately 200 vehicles.

“A couple of years ago SRS Distribution acquired a regional roofing company that occupied a property Combined Properties owns on Mystic Avenue in Medford,” said Greg Regazzini, SVP Director of Leasing for Combined Properties.  “What we learned from that transaction is that SRS is a great company and great operator so we are thrilled to welcome them into a second property within our industrial portfolio.”

This first-class industrial asset is strategically located in the heart of Boston’s Inner Belt.  It is five minutes north of downtown Boston and ten minutes to Logan International Airport.  The site offers convenient access to Interstate 93, Route 16 and Route 1.  326 Commercial Street is also situated along the MBTA Orange Line corridor between Wellington Station and the Malden Center T stop; making the location a true multi-modal transit site.

Victor Galvani, Director of Brokerage & Senior Advisor at SVN Parsons Commercial Group Boston represented SRS Distribution in this transaction while Mr. Regazzini represented Combined Properties.

Combined Properties, Inc is a full-service investment and development real estate firm specializing in first-class office, R&D, industrial, retail, medical, and multi-family residential properties in communities north of Boston. The Malden-based firm has purchased, developed, and managed over 3 million square feet and offers full-spectrum capabilities to meet its clients’ individual needs. With in-house experts in planning, permitting, development, architecture, financing, construction, leasing, and property management, our professionals work as a team to provide complete real estate solutions. To learn more about the firm’s comprehensive scope of services and how it is creating better places to live, work, and play, please visit www.combinedproperties.com.

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