Case Study: Cabot Properties leases 166,650 SF industrial facility with Lee & Associates

Cabot Properties leases 166,650 SF in 8 months with Lee & Associates

Cabot Properties, a real estate development company focused on industrial expertise, was seeking new investment opportunities. The vendor, Lee & Associates, identified an underutilized property with high potential for industrial development and presented it to Cabot. After purchasing the site, Cabot engaged Lee & Associates for their agency leasing services to market the newly constructed distribution facility.

Lee & Associates implemented a custom marketing strategy for the property, utilizing branded collateral, e-blasts, drone videos, and online listings. Despite the challenges of the COVID-19 pandemic halting in-person tours, this digital approach successfully attracted a leading e-commerce user. Lee & Associates negotiated a full-building lease within eight months of completion, securing terms that exceeded Cabot's financial proforma for the property.

Cabot Properties

Brad Otis

Managing Director, Head of Asset Management, Cabot Properties