National Real Estate Investment Firm Buys Shrewsbury Industrial Park

SHREWSBURY, MA — A national real estate investment firm has acquired a large industrial park in Shrewsbury.

Equus Capital Partners announced Tuesday that an affiliate acquired Centech Park North, a 300,075-square-foot industrial park in Shrewsbury, through a joint venture. The sale price was not included in the announcement.

Equus Capital Partners is based in the Philadelphia area and manages industrial, multifamily and office properties nationwide.

Centech Park North was developed by NorthBridge Partners and completed in 2023, according to Equus. The park includes two Class A industrial buildings designed for warehouse, distribution and light manufacturing uses.

The buildings are fully leased to tenants in life sciences, advanced manufacturing and commercial services, according to Equus.

The property is about 40 miles west of downtown Boston and less than eight miles from Worcester. It sits near Interstate 90, Interstate 290, Interstate 495 and Route 9, and is within five miles of FedEx Ground and UPS parcel hubs.

Equus said the park is in the Boroughs industrial submarket, which includes communities in the MetroWest and Central Massachusetts area and has had low industrial vacancy rates.

Keith Hontz, senior vice president at Equus, said the acquisition fits the company’s strategy of buying newer industrial properties that can serve both large and small users.

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