CLOSED: 155 Southampton Street, Boston MA

CLOSED: Trident Seafoods Leases 19,407 SF Industrial Facility in Boston’s Newmarket District facilitated by Prescott 

Prescott is pleased to announce the successful lease of 19,407 SF of industrial space at 155 Southampton Street, Boston, MA to Trident Seafoods. This location offers storage, prep, and cold storage space in close proximity to both the waterfront and Logan Airport ideal for supporting Trident’s growing operations. 

A Story of Grit, Endurance, and Strategic Execution 
Leasing a nearly functionally obsolete industrial building in one of Boston’s toughest neighborhoods, Newmarket Square, home to the infamous Methadone Mile, was no easy task. This deal required grit, guts, and endurance. But through persistence and a clear understanding of market dynamics, Prescott was able to structure a transaction that brought new life to a historic and underutilized asset. 

Property Overview:
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- Location: 155 Southampton Street, Boston, MA 
- Size: 19,407 SF  
- Property Type: Industrial – Storage, Food Processing, and Cold Storage 
- Landlord: Theodore Glynn Way, LLC 
- Tenant: Trident Seafoods  

Neighborhood Challenges and Building Conditions 
155 Southampton Street is located at the intersection of I-93 and I-90, with convenient access to both the waterfront and Logan Airport. While its location is highly desirable, the building’s age, specialized food-processing infrastructure, and surrounding neighborhood presented real challenges. The facility featured unique characteristics, floor drains, refrigeration systems, and compartmentalized rooms that made it ideal for a food user, but those same features required costly updates. 

With the landlord seeking to preserve the option for future redevelopment, investment in capital improvements was limited. That meant finding a tenant who saw the building’s potential and was willing to invest their own capital in transforming the space. 

A Targeted Marketing Approach 
Prescott approached this assignment creatively marketing the property as “unpriced” and leveraging tours to directly engage prospective tenants. While conversations were had with media companies, studios, warehouses, and equipment storage users, the property’s DNA made it clear: this was a building for food. After countless tours and in-depth market feedback, Prescott identified Trident Seafoods as the perfect match: a local company with roots and comfort in the area, capital to invest, and a long-term vision. In return for their investment, Prescott structured a lease with favorable starting rent and significant escalations over time, aligned with the tenant’s growth and renovation plans. 

Market Wisdom Meets Street-Level Insight 
This transaction illustrates an essential truth in commercial real estate: every building has a story. And every client journey requires a nuanced understanding not just of lease comps and rates, but of timing, and opportunity. In this case, as brokers we strive to be more than a lead generator, but to be an advisor, negotiator, and problem-solver. 

Local and Economic Impact 
This lease not only rejuvenates a vital industrial asset, it also supports local economic growth, bringing food distribution and operational jobs to the heart of Boston. Trident’s presence ensures a fresh chapter for 155 Southampton Street and a long-term anchor for the community. 

Interested in Industrial Properties or IOS Investments? 

Prescott is an award-winning commercial real estate brokerage specializing in selling and leasing industrial properties with a focus on industrial outdoor storage (IOS) in Greater Boston and throughout New England. If you own this type of property and you are interested in a sale or lease evaluation or you are looking for property that is very difficult to find, please reach out at help@prescottadvisory.com or call our office at (617) 340-3332.