Press Releases
Marcus & Millichap Brokers Sale of 11,110-Square-Foot Industrial Condo in Lawrence, Massachusetts
January 28, 2026
BOSTON, Jan. 28, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 11,110-square-foot industrial condo in Lawrence, Massachusetts, for $1,950,000.
“Because the condo was vacant and situated within minutes of Interstate 93 and Interstate 495, we were able to identify a strong owner-user pool looking for long-term operating space for their businesses,” said Mattias Edenkrans, associate investments. “This location, along with growing rents in the industrial park, allowed these users to achieve competitive pricing for the asset.”
Edenkrans, along with Harrison Klein and Luigi Lessa, investment specialists in Marcus & Millichap’s Boston office, exclusively marketed the property on behalf of the private seller and procured the buyer, Foremost Trading.
Located at 678 Andover St., Unit 1, in Lawrence, the industrial condo was built in 1981 and was vacant at the time of sale. The single-story space includes two loading docks, a 14-foot clear height and 21 surface parking spaces. The property is near retail and service amenities along Andover Street.
“Because the condo was vacant and situated within minutes of Interstate 93 and Interstate 495, we were able to identify a strong owner-user pool looking for long-term operating space for their businesses,” said Mattias Edenkrans, associate investments. “This location, along with growing rents in the industrial park, allowed these users to achieve competitive pricing for the asset.”
Edenkrans, along with Harrison Klein and Luigi Lessa, investment specialists in Marcus & Millichap’s Boston office, exclusively marketed the property on behalf of the private seller and procured the buyer, Foremost Trading.
Located at 678 Andover St., Unit 1, in Lawrence, the industrial condo was built in 1981 and was vacant at the time of sale. The single-story space includes two loading docks, a 14-foot clear height and 21 surface parking spaces. The property is near retail and service amenities along Andover Street.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
