555 Main Street is a 107,725 SF industrial and distribution facility located on 8.5 acres in a busy industrial section of Hudson, MA on Route 62, and may afford some expansion potential.

This Brownfields property is the former headquarters of Arrow Automotive, but in recent years has stood vacant. The site has undergone environmental cleanup and monitoring since the early 1990s.

Investment Thesis: Calare monitored this opportunity for approximately three years. We acquired this property at a fraction of its replacement cost and signed a local business to a long-term, triple net lease, immediately increasing the value of the asset to about four times its acquisition cost.