(To read more on the industrial market, click here.)

CHELSEA, MA-A natural frozen food supplier has inked a three-year lease on 6,000 sf at Harbour Tech Center. Ian’s Natural Foods, a Revere-based national supplier, will use the space at 160-180 Second St. as a warehouse and distribution facility for its line of all natural frozen foods.

“We quickly determined that Harbour Tech Center was an ideal fit for us, in terms of both functionality and location,” says Steve Gellerman, president of Ian’s Natural Foods. “With our two other facilities in Lawrence and nearby Revere, the Chelsea site will serve us well as we market and expand our line of products.”

Patricia Simboli, a principal with owner ACS Development Corp., which owns 13 office and industrial properties in the same Chelsea neighborhood, tells GlobeSt.com that the 53,000-sf industrial and office building offered the firm easy access to Routes 1, 128, 16 and the Massachusetts Turnpike. “The building afforded them excess capacity for their Revere facility and it gives them fantastic distribution.” Simboli notes that the area is also home to a number of food firms including General Mills, Kayem, Kettle Cuisine and Restaurant Depot.

Terms of the lease were not disclosed. Simboli says the building, which is almost fully occupied by tenants that include Corporate Plant Design, GCS Services and JF Moran Co. Inc, leases for around $12 per sf triple net.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.