METHUEN, MA—Responding to a perceived need for industrial goods, Tambone Corp. plans to develop a 235,000-sf distribution facility in this northern Massachusetts community. Principal Anthony Tambone said that his Reading, MA, firm hopes to begin construction within three weeks, pending final approvals from the city’s planning board.

“It’s a big one,” says Tambone, who plans to undertake to project on a speculative basis if a tenant is not found before groundbreaking. The company has successfully undertaken similar projects during the past two years, including the 120,000-sf Cedar Hill Industrial Center in Marlborough, which leased up in a few months after breaking ground last summer.

Designed by Vitols Associates of Boston, the Methuen building is one of a handful of projects being planned or underway in Massachusetts. The booming office market and a surge in telecommunications players looking for so-called switch hotels are grabbing up available sites along Routes 128 and 495. Spaulding & Slye Colliers places the state’s industrial vacancy rate at 5.5%, down 2% from the start of the year.

Ironically, the region with the biggest vacancy rate is the 495/North sector, which includes Methuen. The 5.2-million-sf market has a vacancy rate of 14.7% following negative absorption of 270,000 sf during the past six months. Tambone downplayed those numbers, however, maintaining that the bulk of the available supply is outmoded. His building will feature 30-ft-high ceilings, extensive loading areas and state-of-the-art mechanical systems.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.