News: Front Section
Posted: August 23, 2019
The Stubblebine Co. arranges $7.45 million two building sale on behalf of the seller, Hamano Partnership, and the buyer, Valor Capital
Leominster, MA Valor Capital has purchased two modern 100% leased industrial buildings located at 100 & 110 Jytek Park, for $7.45 million.
David Stubblebine and James Stubblebine, principals of The Stubblebine Company/CORFAC International, represented the owner, Hamano Partnership, and the buyer, Valor Capital.
EIS, the occupant of both buildings, is a wholly owned subsidiary of Genuine Auto Parts, a leading distributor of production supplies, specialty wire and cable, motor repair, and process materials within the US. Genuine Auto Parts sells over 100,000 critical products from 39 branches and 6 fabrication facilities located in North America.
According to David Stubblebine, “Valor Capital made an astute decision to purchase the assets as they provide long-term stable cash flow and are located in an established industrial park with all utilities in an extremely strong sub-market which boasts a 3% vacancy rate.”
The Stubblebine Company/CORFAC International specializes in leasing and selling large industrial and flex properties throughout New England.
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