Calare Properties and The Grossman Companies Lease 110,000 Square-Feet of Industrial Space at 210 Grove Street in Franklin, MA
October 9, 2014
Leasing activity increases with significant capital improvement project
Calare Properties (Calare), a private, Massachusetts-based investment firm with a focus on industrial and flex/office real estate, and The Grossman Companies, Inc., a private, Massachusetts-based real estate investment firm, announced today that they have leased 110,000 square-feet (sf) of industrial space to Boston International at 210 Grove Street in Franklin, MA, a property owned in joint venture by the two industry veterans.
Newark Grubb Knight Frank represented Boston International in the lease transaction, with CBRE Boston representing ownership. Calare and The Grossman Companies are currently leading an extensive capital improvement program at the property, solidifying it as a high-quality asset in the market. Boston International will utilize the unique space as an office showroom and will benefit from the new construction, ample clear heights, multiple loading docks, and trailer storage.
“We are thrilled to have secured Boston International as a lead tenant at 210 Grove Street,” commented Bill Manley, Calare’s Chief Executive Office and Chief Investment Officer. “With a premier location and versatile space, the property is an ideal fit for the well-respected firm.”
Located in the I-495 South market, 210 Grove Street comprises 165,000 sf. The industrial space features high-quality construction with 19′-27′ clear heights, 17 loading docks, abundant parking and trailer storage, and access to a CSX rail line which has capacity for 8 standard freight carts. Notably, the property is strategically located less than three miles from the I-495 & Route 140 junction, with easy access both North and South.
“We believe the building’s characteristics and location create an attractive opportunity for firms in search of quality space in this market,” adds Jake Grossman, Principal of Acquisitions and Leasing at The Grossman Companies. “We are very pleased with the current activity at the property and look forward to its continued success.”
Boston International is the exclusive importer and distributor of design-led superior quality paper products, giftware, and decorative accessories. After 26 years, the company has earned exclusive distribution rights to collections including Ideal Home Range, The Metropolitan Museum of Art, and Santoro London.