Worcester Business Journal
April 20, 2023
An affiliate of Boston developer GFI Partners purchased a 141 acre property in Hopedale for $15 million to build a 616,875-square-foot warehouse.
The property was sold by Rosenfeld Concrete Corp., a subsidiary of Boston Sand and Gravel on Tuesday, according to the Worcester District Registry of Deeds. The company will relocate its Hopedale operations according to reporting in June 2022 by the MetroWest Daily News.
The warehouse project was approved by the Town of Hopedale Planning Board in May. In October, the Commonwealth of Massachusetts Land Court found that the project was acceptable under the town’s zoning laws, and the project was approved by the town’s zoning board of appeals on February 22.
According to paperwork filed with the town by the developer, the project will bring 300 new jobs to the town and provide over $1,000,000 per year in tax revenue to the town.
GFI also owns the 185-acre former Worcester Sand & Gravel site at 160 Holden St. in Shrewsbury. According to GFI’s website, the company is working with the Town of Shrewsbury to build an industrial park or similar project. It purchased the property in 2020 for $7 million.
GFI has developed industrial properties throughout Central Massachusetts and MetroWest, including a 550,000-square-foot industrial park at 300 Financial Park Drive in Franklin and the 630,000 square-foot warehouse and headquarters of Imperial Distributors at 150 Blackstone River Road in Worcester, according to the GFI website.
The company has developed office properties, including several in Acton, and multifamily residential projects in Eastern Massachusetts.
For some time now, almost no changes could be seen from the outside. I’ll wait until site work or other outside changes can be seen to add more pictures.
Now in April, a noticeable change – the last of the Rosenfeld buildings is gone.
HOPEDALE — A.P. Moller – Maersk (Maersk) today announced the opening in late August of a new fulfillment hub in Hopedale, Massachusetts, a $100 million investment that will create approximately 1,000 jobs and expand the company’s logistics footprint in the Northeast. The 617,000-square-foot facility will support a major e-commerce customer and enhance Maersk’s ability to deliver faster, more reliable fulfillment services to consumers across the region.
The facility will begin operations in late August and serves as a major addition to Maersk’s North American Contract Logistics network. Designed to support high-volume fulfillment operations, the site expands Maersk’s ability to help customers meet growing consumer expectations for faster, more reliable delivery.
Companies today are increasingly looking for logistics partners that can help them position inventory closer to customers and respond to demand with greater speed and flexibility. Our investment in Hopedale reflects continued customer demand for modern fulfillment capabilities and reinforces Maersk’s commitment to building resilient, scalable supply chains across North America.
Dave Hune
Head of Maersk Contract Logistics North America
The Hopedale facility will serve a single large-scale e-commerce customer and is expected to process up to 330,000 units per day at peak capacity. Equipped with advanced conveyor and sortation technology, the operation will support high-volume fulfillment and delivery across the Northeast region while helping ensure speed, reliability and scalability during periods of peak demand.
In addition to strengthening regional supply chain infrastructure, the facility will deliver a significant economic benefit to the local community. Hiring is currently underway for a wide range of leadership, operations and support roles.
The Hopedale facility supports Maersk’s strategy of building integrated logistics solutions that connect transportation, warehousing, fulfillment and distribution into a seamless customer experience. As supply chains continue to evolve, investments like Hopedale help ensure customers can scale operations while maintaining speed, efficiency and reliability.
About Maersk
A.P. Moller – Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global leader in logistics services, the company operates in more than 130 countries and employs around 100,000 people. Maersk is aiming to reach net zero GHG emissions by 2040 across the entire business with new technologies, new vessels, and reduced GHG emissions fuels*.
*Maersk defines “reduced GHG emissions fuels” as fuels with at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil of 94 g CO2e/MJ.
For further information, please contact:
Lauren Doll
Head of Americas Communications
Email Lauren Doll
Thanks to Norm Blizard for sending this. He recived it from Rich Sullivan.
