JDC Demolition Secures Industrial Space with Industrial Outdoor Storage (IOS) at 555 Main Street, Hudson, MA, Facilitated by Prescott
David Skinner, Advisor and Founding Partner of Prescott, is pleased to announce a lease transaction for JDC Demolition, which has secured5,000 square feet of industrial space within a 107,000-square-foot building at555 Main Street in Hudson, MA. This lease includes an acre of industrial outdoor storage (IOS), providing JDC with the necessary flexibility to support its operations. Prescott represented the landlord, KSR, and played a key role in structuring a deal that aligned with JDC’s needs.
Project Overview
The property at 555 Main Street offers a distinctive industrial opportunity, encompassing 5,000 square feet with one acre of dedicated storage within a 107,000-square-foot building set on 8.58 acres of land. Initially designed as office space, the property faced leasing challenges due to current office market conditions and its original layout. However, Prescott identified an opportunity to pivot by incorporating Industrial Outdoor Storage (IOS) into the offering, making it more attractive for tenants with specific operational needs. By broadening the outreach strategy to include industrial users and those seeking IOS, Prescott successfully aligned the space with JDC Demolition’s requirements, facilitating a lease that provides both indoor and outdoor capabilities for optimal business operations.
- Location: 555 Main Street, Hudson, MA
- Square Footage: 5,000 SF (Industrial & IOS)
- Tenant: JDC Demolition
- Landlord: KSR
- The Challenge
How do you lease office space in a tired industrial building and an oversaturated market with high office inventory? This was the question Prescott faced as they sought the right tenant for 555 Main Street.
A Strategic Response to Market Challenges
The leasing process was met with obstacles, particularly due to the availability of office space in the Greater Boston Commercial real estate market and the work required for the property. However, Prescott’s strategic marketing approach helped overcome these challenges. The team identified JDC Demolition as an ideal tenant by understanding their need for both office and IOS space and working to accommodate their specific requirements.
Key Strategies Employed:
- Targeted Tenant Outreach: Prescott engaged businesses in need of both office and industrial outdoor storage (IOS), ensuring the property aligned with their operational demands.
- Creative Lease Structuring: Recognizing JDC Demolition’s needs, Prescott worked with the landlord to incorporate IOS into the lease, making the space more attractive.
- Hands-On Problem Solving: Prescott assisted JDC Demolition in navigating necessary property upgrades, including bathroom installation and sprinkler system improvements, ensuring a smooth leasing process.
JDC Demolition: A New Chapter
Securing this lease marks an important step for JDC Demolition as they continue to expand their operations. The new location provides them with the space and flexibility needed to support their growing business.
Key Features of the Lease:
- Strategic Location: Easy access to major routes, providing logistical benefits for JDC Demolition’s operations.
- Industrial Outdoor Storage (IOS): A critical component that set this lease apart, enabling JDC to effectively utilize the space.
- Future Growth Potential: The property’s layout allows for operational expansion, supporting JDC’s long-term business goals.
A Team That Delivered
Prescott’s persistence and proactive approach were instrumental in securing this lease. Their ability to identify JDC Demolition as the right tenant, negotiate a lease structure that met their needs, and facilitate necessary property improvements highlights the effectiveness of their strategy in a challenging market.
Looking Ahead
This transaction showcases the importance of adaptability and creative problem-solving in commercial real estate. For future leasing efforts, key takeaways include the value of understanding tenant-specific needs, the benefit of flexible lease terms, and the necessity of addressing potential hurdles such as property modifications early in the marketing process.
Prescott is an award-winning commercial real estate brokerage specializing in selling and leasing industrial properties with a focus on industrial outdoor storage (IOS) in Greater Boston and throughout New England. If you own this type of property and you are interested in a sale or lease evaluation or you are looking for property that is very difficult to find, please reach out at help@prescottadvisory.com or call our office at (617) 340-3332.
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