Equus Capital Partners Acquires 300,075-SF Centech Park North Industrial Park in Greater Boston
Equus Capital Partners, Ltd. has acquired Centech Park North, a 300,075-square-foot Class A industrial park in Shrewsbury, Massachusetts, the firm announced July 14, 2026. The two-building complex was developed by Northbridge Partners and completed in 2023. The transaction was structured as a programmatic joint venture. Financial terms were not disclosed.
Property Overview: Class A Industrial in the Boroughs Submarket
Centech Park North comprises two Class A industrial buildings totaling 300,075 square feet, designed to accommodate warehouse, distribution, and light manufacturing users. Each building features excess power capacity of 4,000 amps, ESFR sprinkler systems, LED lighting, 36-foot clear heights, modern loading configurations, and excess trailer parking. The park is currently 100% leased to a tenant roster spanning the life sciences, advanced manufacturing, and commercial services sectors.
The property is located in Shrewsbury, Massachusetts, within the Boroughs submarket. Equus described the Boroughs as "one of the most supply-constrained industrial corridors in the region" that has "consistently maintained some of the lowest vacancy rates in Greater Boston."
Strategic Location at a Major Highway Crossroads
Centech Park North is positioned near the intersection of Interstate 90, Interstate 290, Interstate 495, and Route 9, approximately 40 miles west of downtown Boston and less than eight miles from Worcester. The location provides access to major population centers throughout New England and the broader Northeast corridor. The properties are also situated within five miles of FedEx Ground and UPS parcel hubs.
Equus noted that Greater Boston is supported by a highly educated workforce with demand from technology, life sciences, healthcare, advanced manufacturing, and logistics users.
Equus Cites Investment Strategy Alignment
"Centech Park North represents a compelling opportunity to acquire a recently developed Class A industrial park in one of Greater Boston's most supply-constrained and fundamentally strong industrial submarkets," said Keith Hontz, Senior Vice President of Equus, who oversaw the acquisition along with Shane Mullen, Analyst. "The properties enjoy convenient access to population centers throughout Greater Boston and New England. Centech Park North aligns exceptionally well with our investment strategy of acquiring high-quality industrial assets positioned for long-term growth with the flexibility to accommodate large and small users alike given its shallow-bay configuration and ease of division."
Financial terms of the transaction, including the purchase price, were not disclosed.
Sources
Equus Capital Partners — Acquisition Announcement, July 14, 2026