CORFAC News

The Stubblebine Company/CORFAC International Arranges $5,266,500 Sale of Two Properties in Attleboro, MA on behalf of First American Realty, Inc.

ATTLEBORO, MA - July 7, 2009 - The Stubblebine Company/CORFAC International today announced that an affiliate of First American Realty, Inc. purchased two properties within the Attleboro Corporate Campus in Attleboro, MA for $5,266,500. The seller was Preferred Unlimited, Inc. of Conshohoken, PA.

The properties purchased were Building 12, a 213,000 square foot facility, and Building 5, a 5,650 square foot building. Formerly owned and occupied by Texas Instruments, the Attleboro Corporate Campus is a 300 acre mixed-use office and industrial campus located just off Interstate 95.

David Stubblebine and James Stubblebine of The Stubblebine Company/CORFAC International represented both the seller and the purchaser in the transaction negotiations.

According to David Stubblebine, president of The Stubblebine Companies/CORFAC International, “First American Realty, Inc. made an astute decision to buy a great asset in an outstanding campus, at a price far below replacement costs.”

Building 12, a state-of-the-art three story manufacturing building, is fully occupied by Sensata Technologies for its global manufacturing headquarters. Sensata, which has a long-term lease at the building, manufactures highly engineered devices to satisfy the world’s growing need for safety, energy efficiency, and a clean environment. Until 2006, Sensata was known as Texas Instruments Sensors and Controls. Today Sensata is a stand-alone company owned by Bain Capital, and the world’s leading supplier of sensors and controls across a broad range of markets and applications.

Building 5 is also leased on a long term basis to The BOC Group, Inc., a worldwide distributor of industrial gases and combined with its parent, The Linde Group.

Preferred Unlimited, Inc., a 15 year old commercial real estate firm has designed their business around careful study of the marketplace and an understanding of emerging opportunities.

First American Realty, Inc. is a privately held investment and management firm based in Worcester, MA with primary focus on acquiring net leased industrial and medical office properties.

About CORFAC International
CORFAC International is one of the largest commercial real estate services organizations in the world and celebrates its 20^th year in 2009. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion. For more information on CORFAC contact 954-923-6160, info@corfac.com.