Mitchell of Rader Properties reps. Capital Fulfillment Group in 75,000 s/f lease
Rader Properties, Inc. leased 75,000 s/f of warehouse, distribution and office space at 293 Libbey Industrial Parkway to Capital Fulfillment Group (CFG).
293 Libbey Parkway is a 78,000 s/f first-class distribution building located just off Rte. 3 in Libbey Business Park. The park's major tenants include a variety of office, medical and light industrial users including South Shore Hospital, Harvard Vanguard and Atlantic Coffee.
Ric McConkey, president and CEO of CFG, said, "After a thorough search which included the Rte. 495 corridor, Mansfield, Taunton and Bridgewater and the southern Rte. 128 belt, Canton and Braintree, we chose 293 Libbey for its convenient location and the fact that the majority of our employees live in Plymouth County. The building's excellent condition will allow us to minimize our up-front costs and the ownership was very responsive to our need for immediate occupancy."
David Mitchell of Rader Properties represented CFG in this transaction and Sean Keneally of Key Realty represented the landlord.
CFG is a marketing and technology solutions company that specializes in the development and implementation of innovative marketing, fulfillment and compliance automation services. CFG has 150 employees and will be relocating its corporate office and distribution services from Pembroke and has additional distribution facilities in Kansas City, Missouri.
Rader Properties, Inc. is a full-service commercial real estate firm providing brokerage, consulting and property management services. Shown in photo left to rightFor further information regarding this transaction, please contact David Mitchell at Rader Properties at (781) 681-9000, extension 20.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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!
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 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