TriCab, Inc., USA, a manufacturer of specialty cable products primarily for the shipping and yachting industry, purchased 15 Coppage Dr. from PCI Property Holdings LLC.
The 87,000 s/f manufacturing and distribution facility is in the Airport Industrial Park. William Kelleher, VP, of Kelleher & Sadowsky represented PCI Property Holdings LLC, and John McKinley, principal and Peter Dunn, both with Kelleher & Sadowsky, represented Tri-Cab. The property was sold for $2.25 million and will serve as Tri-Cab's manufacturing base in North America.
The Worcester location will be used for manufacturing, sales and general distribution across the U. S. and North America.
"We looked at many cities and properties during an exhaustive year-long search. I wanted to be in Worcester because of its central location and strong labor market," said Art Raymond, head of North American operations for TriCab,
"Of late, there has been a significant increase in sales activity at the Airport, as evidenced by the recent sales of 120 Goddard Memorial Dr. and 15 Coppage Dr., both of which will provide new jobs and commercial tax dollars for the City of Worcester," said Kelleher.
Kelleher & Sadowsky, the Worcester Airport Commission, Choose Worcester, the Worcester Economic Dev. office, and the city manager's office worked in the effort to attract TriCab to the city and then through the process to purchase the property.