HANOVER – Marcus Partners has begun construction at 35 South Jefferson Road in Hanover, transforming a 6.6-acre site into a new 72,000-square-foot Class A logistics facility.
The project, scheduled for completion in the third quarter of 2026, will replace a vacant 40,000-square-foot office building with a modern warehouse and distribution center designed with 36-foot clear heights. The facility will be suitable for either single or multiple tenants, addressing the strong demand for industrial space under 100,000 square feet.
“Our expertise in finding these underutilized and outdated properties with exceptional regional access has continued to deliver successful projects and returns for our investors,” said Todd Minerley, Senior Vice President of Investments for Marcus Partners. “Whether it is Class A logistics space or new multifamily properties, unlocking the value in these metrocentric sites is proving our strategy continues to be sound and dynamic in multiple markets.”
Company officials noted that the new facility will bring efficient, modern space to a supply-constrained market while continuing Marcus Partners’ focus on redeveloping change-of-use sites to meet industrial demand.
