Methuen, MA – April 13, 2026 – NAI Parsons Commercial Group Boston is pleased to announce the successful leasing of 65,280 square feet at 46 Old Ferry Road in Methuen, Massachusetts, a newly constructed Class A industrial facility owned by Patriot Holdings and managed by its property management company, Patriot Properties.
Alex Berger, Matt Quinlan, and Kurtis Gibbs of NAI Parsons exclusively represented the landlord, Patriot Properties, in the transaction. Chris Goodnow of Goodnow Real Estate Services represented the tenant, Armada, Inc.
Armada Merchandise, a global merchandiser specializing in branded apparel and product distribution, will occupy the space to support its distribution operations and expand its regional footprint.
Completed in 2024, 46 Old Ferry Road totals 147,840 square feet and features 36-foot clear heights, 21 loading docks expandable to 30, a drive-in door, heavy power, and 150 parking spaces with potential for outdoor storage.
Approximately 83,000 square feet remains available for lease. Limited new Class A construction in the Greater Boston and Southern New Hampshire industrial market continues to drive demand for modern, high-clear-height distribution space.
“This lease highlights the strength of well-located new construction in today’s market,” said Alex Berger, Director of Brokerage at NAI Parsons Commercial Group Boston. “The building offers the clear height, power, and loading capabilities today’s users are looking for, and Armada was a great fit for the space. We’re continuing to see targeted interest in the remaining availability and look forward to building on that momentum alongside Patriot Properties.”
“The Merrimack Valley has historically lacked modern, large-format industrial product, and that’s exactly the opportunity we underwrote when we developed 46 Old Ferry Road,” said Jeremiah Boucher, Chief Executive Officer of Patriot Holdings. “Landing a tenant of Armada’s caliber validates that thesis. We’re well-positioned to deliver the same value to additional tenants in the remaining 83,000 square feet.”
For leasing inquiries, contact NAI Parsons Commercial Group Boston at www.ParsonsCRE.com or 508-820-2700.
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About NAI | Parsons Commercial Group | Boston
NAI Parsons Commercial Group Boston is a full-service commercial real estate firm based in Natick, Massachusetts with offices in North Andover, Massachusetts and North Carolina. The company owns and manages nearly 6 million square feet of commercial property across New England and the Carolinas, offering a comprehensive suite of services including tenant and landlord representation, investment sales, property management, construction, and development. Through its affiliation with NAI Global—the world’s largest network of independent commercial real estate firms with 375 offices and over 5,800 professionals worldwide—NAI Parsons combines deep local expertise with global reach. The firm is one of Massachusetts’ leading commercial real estate brokerage companies, representing clients across all asset classes and delivering strategic, market-informed solutions backed by decades of industry expertise. For more information visit www.ParsonsCRE.com.
About Patriot Holdings
Patriot Holdings is a vertically integrated real estate investment and operating company that acquires, develops, and manages institutional-quality assets across industrial, manufactured housing, and self-storage. The firm’s portfolio spans 18 states from New England to the Western U.S. Its operating arm, Patriot Properties, oversees leasing, asset management, and day-to-day operations across the portfolio. PatriotHoldings.com