The property is comprised of a 183,124-sf manufacturing facilitylocated at 35 Optical Dr., and a 15,860-sf office and computercenter located at 70 Optical Dr., both fully leased to AearoCompany, a worldwide supplier of personal protection equipment.
Brad Sweeney, who represented STAG in-house in the transactionwith seller Southbridge Associates II, LLC, tells GlobeSt.com thatSTAG's personal relationship with both the seller and the seller'sbroker, Stephen Campbell of Winchester Capital, LLC, helpedsolidify the deal before the property could be widely marketed.
It was the building's tenant, who holds a medium-term lease onthe property, and recent plans to renovate and reposition theSouthbridge Business Park, that drew the buyer's interest in theproperty, Sweeney says.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
