
Westminster, MA David and James Stubblebine, principals of The Stubblebine Company/CORFAC International, represented the sellers, Jumbo Capital and the Westminster Business Park, while Andrew Sacher, principal of AIS Development Inc., represented the buyer, Equity Industrial Partners, in the $16.9 million sale of 50.73-acre Theodore Dr. site.
Home Depot has executed a lease with EIP for a 600,000 s/f build-to-suit class A distribution building at the subject property. The pad ready rail-served fully permitted site is located one mile from Rte. 2.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and