David Wluka of Wluka Real Estate Corp. has brokered the sale of 17.3 acres on Cowan Dr. for Lew Heafitz of Middleboro Developments Associates to Malden International Designs for a new 180,550 s/f warehouse and distribution facility. Malden joins Federal Express and Pavestone leaving just one 16 acre development site to complete the industrial park off Exit 3 of I-495.
Headquartered in Wareham where they will maintain their 160,000 s/f current facility, this new structure reflects the continued growth of the 50 year old company.
This facility was designed by Falcon Associates Architects to reflect the needs of Malden.
Included will be 8,700 s/f of office space for the sales, design and showroom departments of the company with a similar sized storage mezzanine above for a total building area of just under 190,000 s/f.
Land Tech General Contracting will oversee the design/build contract. With permits in hand and initial clearing already begun, the facility, which will create more than 100 new jobs, is expected to be operational next Fall.
David Wluka represented both parties in the transaction.
The land sold for $1.415 million and the total project value is on the order of $10 million.