CRG has broken ground on its $100 million The Cubes at Gilboa project, which will be a 1.1 million-square-foot warehouse facility being built on 83.8 acres at 123 Gilboa St. in Douglas, Mass. Scheduled for completion in fall 2023, the project is anticipated to create approximately 450 permanent jobs.
Located just off Route 146, with proximity to the Massachusetts Turnpike and Interstates 395 and 495, The Cubes at Gilboa will help meet high demand for modern distribution space near major population centers including Boston, Worcester and Providence, R.I. The Boston metro had an industrial vacancy rate of just 3 percent at midyear 2022, compared with 4.3 percent a year earlier, according to Newmark research.
“Like our Cubes at Plainville development in Plainville, Massachusetts, The Cubes at Gilboa will offer much-needed inventory to the Boston area’s extremely supply-constrained industrial market,” said Frank Petkunas, senior vice president and partner for C
