Boston, MA Industrial Outdoor Storage Lease: Prescott IOS Secures a West Roxbury Yard for Eastern Bus Company

Prescott IOS once again demonstrated its command of one of the scarcest categories in commercial real estate, securing roughly 40,000 square feet of Industrial Outdoor Storage (IOS) at 151 Rivermoor Street in West Roxbury for Eastern Bus Company. This transaction illustrates Prescott's ability to source secured yard space in Boston's urban core, where almost none exists.

In this case study, we cover the key details of the site, the challenge the tenant faced, and the role Prescott IOS played in securing the deal on a tight relocation timeline.

Table of Contents

• Project Overview

• Understanding the West Roxbury Industrial Outdoor Storage Market

• Prescott IOS's Expertise in Industrial Outdoor Storage Transactions

• Benefits of the Boston Yard Lease

• Securing the Boston Industrial Outdoor Storage Lease

• Results and Client Satisfaction

Boston Industrial Outdoor Storage Lease: Project Overview

This transaction highlights the scarcity value of paved, securable outdoor storage inside Boston, where industrial land is steadily being converted to higher uses.

• Location: 151 Rivermoor Street, West Roxbury, Boston, MA 02132

• Deal Type: Industrial outdoor storage (IOS) yard lease, tenant representation

• Leased Area: Approximately 40,000 SF (about 0.9 acres) within a 191,980 SF (about 4.4 acre) parcel

• Use: Outdoor storage and staging of buses and vehicles

• Capacity: Room for approximately 40 buses

• Site Features: Paved, lit, gated, 24-hour access, licensed area defined by jersey barriers

• Tenant: Eastern Bus Company, Inc.

• Landlord: Feeney Brothers Real Estate

• Tenant Representation: David Skinner and Devon Wagner, Prescott IOS

• Landlord Representation: Caroline Munn and Rob Byrne, CBRE

Understanding the West Roxbury Industrial Outdoor Storage Market

151 Rivermoor Street sits in the industrial pocket of West Roxbury, near the VFW Parkway (Route 1) with quick access to the I-95/128 corridor, keeping a fleet within reach of routes across Boston and the inner suburbs.

Industrial outdoor storage is one of the scarcest categories in commercial real estate, and inside Boston's urban core it is nearly nonexistent, as industrial parcels are continually redeveloped to higher uses. That same pressure had just displaced Eastern Bus from its previous yard in Newton, where a multifamily redevelopment was taking the site, leaving the operator roughly twelve months to relocate. With broader industrial leasing velocity softening even as yard supply stayed tight, Prescott represented the tenant in turning that shift into leverage and securing a scarce site on a firm deadline.

Prescott IOS's Expertise in Industrial Outdoor Storage Transactions

Prescott IOS brought specialized outdoor-storage expertise to a requirement most brokers would have struggled to fill.

Key to the success of this deal was Prescott IOS's ability to:

• Reach ownership directly and get a yard use taken seriously at a site being marketed primarily for a larger industrial build-to-suit.

• Move quickly for a tenant on a hard, twelve-month relocation deadline, arranging and leading the initial site tour.

• Apply deep knowledge of New England's scarce industrial outdoor storage market to identify a site that fit a bus fleet.

Benefits of the Boston Yard Lease

The lease delivered clear benefits for a growing operator that could not afford a gap in service.

• Continuity of Operations: A replacement yard secured within the relocation window, with no interruption to routes or contracts.

• Urban-Core Location: Space inside the city that keeps the fleet close to its Boston, Newton, and inner-suburb routes.

• Secured, Paved Yard: Paved, lit, and gated, with 24-hour access for a fleet that rolls before dawn.

• Right-Sized Capacity: Room to stage roughly 40 buses in one controlled footprint.

• Access to a Scarce Asset: A secured yard in a market with virtually no available industrial outdoor storage.

• Tenant-Side Leverage: Softening market velocity used to the tenant's advantage on terms and timing.

Securing the Boston Industrial Outdoor Storage Lease

Prescott IOS ran a focused process from first contact to occupancy.

1. Consultation and Needs Analysis: Prescott began by defining the fleet size, relocation deadline, and route geography that any site would have to serve.

2. Site Sourcing and Owner Access: The team identified a scarce urban-core yard and reached ownership directly, positioning a credible IOS tenant for a site being marketed for other uses.

3. Site Tour: Prescott arranged and led the initial tour of the yard for Eastern Bus.

4. Negotiation: Working alongside the landlord's representatives at CBRE, Prescott structured terms that aligned the tenant's needs with ownership's plans.

5. Execution and Occupancy: The deal moved from first contact in early June to an executed agreement by the end of July, with occupancy in August.

Results and Client Satisfaction

The result was a win for a tenant that had little room for error. Eastern Bus secured a scarce, secured replacement yard inside its market and kept its entire fleet in service through the transition, while ownership placed a credible, low-intensity use on the site. The outcome reinforced Prescott IOS's reputation as New England's dedicated industrial outdoor storage brokerage.

Prescott IOS 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 me at david@prescottios.com or call our office at (617) 340-3332.