News: Front Section

Mancini and Egan of Kelleher & Sadowsky handle $5.1 million sale -
The Stubblebine Company represents the buyer, Biomedical Polymers

16 Chocksett Road - Sterling, MA

Sterling, MA Donald Mancini and Jim Egan, of Kelleher & Sadowsky, sold 16 Chocksett Rd., a cleanroom injection molding facility, to Biomedical Polymers for $5.1 million. 

The property includes four loading docks, 26’8” clear, a Class 8 Cleanroom and 7,000 s/f of office on 7.76 acres. 

Donald Mancini, Kelleher & Sadowsky

 

Jim Egan, Kelleher & Sadowsky

 

Biomedical Polymers is a global manufacturer of plastic products for research and medical diagnostic laboratories. Michael Faulkner, president of Biomedical Polymers said, “Biomedical Polymers is excited about the opportunity for continued success. This facility will not only benefit our manufacturing capabilities; but will also give us more capacity to increase our clean rooms, quality control lab, tool room, utility room and office space as well as improve our injection blow molding capabilities. This increase in space will also allow us to attain our vision of enhancing our secondary operations that include sonic welding, automated assembly, robotics and printing.” 

Egan, vice president at Kelleher & Sadowsky, said, “Biomedical Polymers is a leading edge medical injection molding company and we are thrilled to be a part of their manufacturing growth in Central Massachusetts. This building was a perfect fit for their specialized needs while at the same time allowing the seller to realize top of market pricing for this asset in this robust economy.” 

The Stubblebine Company/CORFAC International represented the buyer and Kelleher & Sadowsky represented the seller, The Cycles 2003 Realty Trust. 

Kelleher & Sadowsky specializes in commercial real estate brokerage throughout Worcester and Massachusetts. The transaction was completed on May 14.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary