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News:
Owners Developers & Managers
Posted: August 25, 2023
The Stubblebine Company and JLL arrange $14.5 million sale of 229,867s/f industrial building to ERD Metal Inc.
Westfield, MA The Stubblebine Company/CORFAC International has completed the sale of 323 Lockhouse Rd. to ERD Metal Inc. for $14.5 million.
The subject property consists of a 229,867s/f industrial building on 26.09 acres with a clear height of 24’-28’. Situated two miles from I-90, and seven miles from I-91, the property is located adjacent to Westfield-Barnes Regional Airport.
David Stubblebine, David Berman, and Chris Michniewicz of The Stubblebine Co. represented the buyer, ERD Metal Inc., while Shawn McMahan of JLL represented the seller, SL 323 Lockhouse RD LLC.
“The Stubblebine Company team is pleased that ERD Metal Inc. has chosen Westfield as the home base for its new manufacturing facility” said Berman, advisor at The Stubblebine Co. “This location is highly strategic and offers access to a very strong Western Massachusetts labor market. It was a pleasure working with the ERD team, and we look forward to their continued success.”
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