Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FITCHBURG, MA-Geosearch Inc of Sterling purchased 20 Authority Dr., a 50,200-sf first class industrial building located right off of Routes 2 and 31. The company acquired the facility from Gitto Realty Trust for $1.6 million.

David and James Stubblebine and Alan Ringuette of the Stubblebine Co. represented the Gitto Realty in the transaction and procured the buyer, Geosearch, which is one of the region’s largest full service drilling and environmental construction companies.

The building is located in the 231 Industrial Park and features 24-ft. ceilings as well as office, warehouse and manufacturing space. The property was formerly occupied by Newline Color.

The deal is indicative of a trend among users to purchase, rather than lease, the industrial space they occupy. Modernized industrial space with easy access to the city continues to be in high demand in the industrial market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.