Garthoff of Stubblebine arranges $2 million sale of 45 Nagog Park

Ellen Garthoff of The Stubblebine Company/CORFAC International represented the buyer, River of Life Christian Church of Boston, in the $2 million sale of 45 Nagog Park. The seller, Nagog Park, LLC, was represented by Tamie Thomson and Tyler Spring of Jones Lang LaSalle. This first class office/flex/R&D facility, built in 1984 and renovated in 1997, was formerly occupied by Corning Life Services and will become a hub of global worship, training and Christian fellowship for River of Life Christian Church of Boston. In addition KLT Recycling has signed a six-year lease for 33,295 s/f at 3 Nemco Way, Ayer, Mass., a first-class, high-bay distribution property. David Stubblebine, James Stubblebine, Alan Ringuette, and Garthoff of The Stubblebine Company represented both KLT Industries, Inc. and the landlord, The Principal Financial Group, in the transaction. 3 Nemco Way is an institutional quality, single story industrial building ideally suited for warehousing and distribution related companies. The building offers excellent highway access to Rte. 2 and I-495, 20 loading docks, and 10,000 s/f of mezzanine office space. KLT Industries, Inc is the market leader for recycling cardboard and plastics in New England with a mission to recycle 600,000 tons of materials annually. They currently process 98,000 tons annually.