Press Releases
Marcus & Millichap Arranges Sale of Industrial Property in Northeast Massachusetts
November 11, 2026
LAWRENCE, Mass., Nov. 11, 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 678 Andover St., Unit 4, a 9,975-square-foot industrial condominium in Lawrence, Massachusetts. The property sold for $1.7 million, or about $170 per-square-foot, to an owner-user.
Mattias Edenkrans and Luigi Lessa of Marcus & Millichap’s Boston office exclusively marketed the property on behalf of the seller, Robbins Enterprise, LLC. Rick Bartley of Nordlund Associates procured the buyer.
“Vacant industrial space near Interstates 93 and 495 draws strong owner-user demand in the Merrimack Valley,” said Mattias Edenkrans, associate director investments. “Rising rents are pushing local businesses to buy instead of lease. We marketed the unit directly to those operators, and that competition let our client sell at a strong price.”
“We see the same pattern from Lowell to Haverhill,” added Luigi Lessa, director investments. “In Lawrence, Andover, North Andover, Methuen and Haverhill, owner-users want small-bay industrial space close to I-93 and I-495. Well-located condos like this one draw multiple offers.”
The property is a 9,975-square-foot warehouse condominium representing 16.64% of a 59,956-square-foot industrial building. The building sits on 4.45 acres and was built in 1981. Unit 4 offers 14-foot clear heights, on-site parking and one loading dock, with room to add more. It suits storage, distribution and light industrial use.
678 Andover St. sits in an established industrial corridor near the Merrimack River and Merrimack Health Lawrence Hospital. Andover Street connects to Interstates 495 and 93 and State Route 28. I-495 links Lawrence to Lowell and Haverhill, and I-93 links it to Boston and southern New Hampshire.
Mattias Edenkrans and Luigi Lessa of Marcus & Millichap’s Boston office exclusively marketed the property on behalf of the seller, Robbins Enterprise, LLC. Rick Bartley of Nordlund Associates procured the buyer.
“Vacant industrial space near Interstates 93 and 495 draws strong owner-user demand in the Merrimack Valley,” said Mattias Edenkrans, associate director investments. “Rising rents are pushing local businesses to buy instead of lease. We marketed the unit directly to those operators, and that competition let our client sell at a strong price.”
“We see the same pattern from Lowell to Haverhill,” added Luigi Lessa, director investments. “In Lawrence, Andover, North Andover, Methuen and Haverhill, owner-users want small-bay industrial space close to I-93 and I-495. Well-located condos like this one draw multiple offers.”
The property is a 9,975-square-foot warehouse condominium representing 16.64% of a 59,956-square-foot industrial building. The building sits on 4.45 acres and was built in 1981. Unit 4 offers 14-foot clear heights, on-site parking and one loading dock, with room to add more. It suits storage, distribution and light industrial use.
678 Andover St. sits in an established industrial corridor near the Merrimack River and Merrimack Health Lawrence Hospital. Andover Street connects to Interstates 495 and 93 and State Route 28. I-495 links Lawrence to Lowell and Haverhill, and I-93 links it to Boston and southern New Hampshire.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
