The deal is indicative of a trend among users to purchase,rather than lease, industrial properties. Industry analystsattribute the trend to low-interest rates and the high demand formodernized industrial properties with easy access to the city.
David and James Stubblebine, principals of the Stubblebine Co.represented RLR and procured the buyer, which assembles plasticfilters for laboratory equipment. The multi-purpose industrialbuilding, which situated on nearly two acres, is located just offRoute 3.
RLR Investments specializes in developing vacant land or lessdesirable buildings into centers for commerce. The company ownshundreds of properties in 29 states, ranging from manufacturing,warehousing, hospitality, resort/vacation, to vacant ground fordevelopment.
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