The Stubblebine Company/CORFAC International Negotiates Several Industrial Lease Transactions
David Stubblebine and James Stubblebine, Principals of The Stubblebine Company, and Alan Ringuette and David Skinner, Senior Advisors, arranged an 84,029 SF lease to Tighe Warehousing and Distribution, Inc., at 100 Adams Road in Clinton, MA. The Stubblebine Company represented the landlord, a venture between Marcus Partners and Northbridge Partners, and CBRE represented the tenant in the transaction.
Ensconced in a vibrant industrial marketplace just 15 minutes from Worcester, 100 Adams Road is a world-class distribution building situated on over 20 acres. This 355,000-SF property offers abundant loading, ample parking, heavy power, and 32’ clear height.
Founded in 1862, Tighe Warehousing and Distribution, Inc. has multi-industry expertise and state-of-the-art technology to create custom warehousing, transportation and logistic solutions tailored to their customers individual needs.
Marcus Partners is a real estate private equity firm with a 25-year history of successful real estate investment, development, and management experience. They concentrate their time in knowledge-based metro areas including metro Boston, New York and Washington, D.C.
NorthBridge Partners LLC is a vertically integrated real estate manager that invests exclusively in final mile industrial properties with a primary focus on major population centers on the East Coast of the United States. NorthBridge creates value in the final mile space through repositioning, modernizing, tenant relocations, change of use, building expansions, and select ground-up development. NorthBridge leadership has over 15 years of experience acquiring and managing industrial properties. Since 2015, NorthBridge has invested in 40+ transactions totaling over $700 million of capital.
The Stubblebine Company Industrial Team will continue to serve as the exclusive marketing agent for the building which currently has 146,919 SF available.
In another recently closed transaction, The Stubblebine Company/CORFAC International negotiated the sale of an industrial building in Bedford, NH, for $5,600,000. Aaron Smith, David Skinner, and James and David Stubblebine negotiated the sale for the seller, First American Realty, while the buyer, Amber Properties, LLC, was represented by CBRE.
Situated just off Route 3, 10 Iron Horse Drive is a 157,336 SF building built in 1986 on a 9.76-acre lot. Originally built for Axle Remanufacturing, the property will be retrofitted for multi-tenant industrial use by Amber Properties. The new owner has a proven track record of successful redevelopment projects throughout the northeast.
In addition, the Stubblebine Company/CORFAC International negotiated the sale of six industrial buildings in six different transactions in Billerica, MA: 13 Sterling Road, 3 Esquire Road, 11 Republic Road, 2 Republic Road, and 0 Republic Road and 9 Sterling Road for an aggregate total of $11,935,000.
David, James, and Micah Stubblebine, Principals, and Chris Michniewicz, Senior Advisor, represented both the sellers and the buyers in these transactions: 13 Sterling Road (38,900 SF), 3 Esquire Road (15,744 SF), 11 Republic Road (3,800 SF), 2 Republic Road (6,000 SF), 0 Republic Road (an approximately 1 acre and site), and 9 Sterling Road (6,000 SF).
Established in 1987, The Stubblebine Company/CORFAC International specializes in selling and leasing large industrial properties and adaptive re-use sites throughout New England.
