CRG is developing The Cubes at Plainville, a 662,500-square-foot speculative warehouse facility in Plainville, Massachusetts, approximately 25 miles southwest of downtown Boston. The new warehouse will add to the supply-constrained industrial space in the Greater Boston region. CRG expects to deliver the state-of-the-art facility in Q3 2022.
The site is located in the South submarket of Greater Boston. The best-in-class facility is just minutes from Route 495 South and 1A, offering immediate access to Interstates 95, 90, and 93. The Cubes at Plainsville is one of only two major projects underway that plans to deliver much-needed warehouse space in 2022. The Greater Boston industrial market has no existing class A warehouse options that exceed 100,000 square feet, and new inventory is not anticipated to come online until late 2022 and 2023.
The Cubes at Plainville will feature a 36’ unobstructed ceiling height, ESFR sprinklers, 126 dock doors, 361 auto spaces, and 145 trailer spaces. CRG sourced the land acquisition and is the developer for the project; its parent company, Clayco, will lead construction, with subsidiary Lamar Johnson Collaborative as the architect.
The project adds to the expanding portfolio of U.S. Logistics Fund II (“USLF II”), CRG’s industrial investment fund launched earlier this year to develop $1.5 billion of new state-of-the-art e-commerce and distribution facilities across key logistics markets throughout the U.S. USLF II is the successor fund to U.S. Logistics Fund I, which launched in 2018 and invested in the successful development of $421 million of modern logistics facilities under The Cubes brand.
Construction progress as of December 2022.