The property was built 10 years ago by Lunt Manufacturing, which later went bankrupt, according to John F. Cash, EVP with NAI Hiffman, who along with associate David Haigh represented Hilco in the deal. Stanley was represented by Romeo Mura of Stonegate Commercial. Hilco bought the building from Lunt as a liquidation acquisition, Cash says, and in turn, sold the property to Stanley. The building is in the Interstate 90 corridor, Cash says.
"Stanley's headquarters happened to be geographically close to this building, which is in a good location and has a ton of power and overhead cranes," Cash tells GlobeSt.com. "Stanley is a company that happens to be doing well in spite of everything that's happening. It's nice to have a manufacturer step up and growing right now, and it's good to see some jobs coming back into that building."
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