CORFAC News

Media Contact: 
Merrilynn Peirce for The Stubblebine Company
merrilynn@stubblebinecompany.com
781.862.6168

Audrey Hackman for Hackman Capital
ahackman@hackmancapital.com
614.847.6000 x157

Westminster, MA (April 8, 2013) - The Stubblebine Company/CORFAC International is pleased to announce its recent appointment as exclusive marketing agent for Route 2 Commerce Park at 100 Simplex Drive in Westminster, Massachusetts. The 685,000-square-foot property is situated on 95 wooded acres at the intersection of Route 2 and Route 40 and offers 439, 270 square feet of space for lease across four quads. The property also is available for purchase.

“This is a first-class campus, with many unique amenities that make it the ideal headquarters for R&D, office, manufacturing and warehouse users,” said David Stubblebine, co-founder of The Stubblebine Company. “We’re thrilled to be marketing the property for lease or sale, and we are confident that we will achieve expeditious results.” 

Route 2 Commerce Park’s marketable features are significant. The campus touts a prestigious image, with dramatic frontage on Route 2, a distinguished façade, formal entry, impressive offices, full-service cafeteria, abundant parking, recreation paths, ponds and picnic areas. The building provides robust infrastructure and heavy power with back-up generators, ample loading, and state-of-the art communications and security systems. A flexible, easily divisible layout also is key, benefiting not only large users, but those with needs as small as 65,000 square feet.

In addition, the property’s location—just 18 miles from I-495, 24 miles from Worcester and 53 miles from Boston—provides users with direct access to all New England markets, as well as a skilled and a highly-educated labor pool.

“Aggressive rates, in combination with several promotional offers currently in place at the property, make Route 2 Commerce Park extremely affordable for users,” said Stubblebine.

The former headquarters of Simplex Time Recorder, Inc., Route 2 Commerce Park is part of the National Industrial Portfolio, owned by a joint venture among entities formed by Hackman Capital Partners, LLC, Calare Properties, Inc. and KBS Real Estate Investment Trust. The bulk of the 32-building portfolio is located in New England, but the portfolio also includes properties in New York, Pennsylvania, Colorado and Texas. 

More About The Stubblebine Company / CORFAC International
The Stubblebine Company/CORFAC International is a leading provider of commercial real estate brokerage services with a specialty in selling and leasing large office/R&D and industrial properties in the suburban Boston marketplace. CORFAC International has 62 offices in North America, and, in association with its global affiliates and FIABCI (the international Real Estate Federation), has market reach in 65 countries worldwide. The Stubblebine Company alliance with CORFAC International combines unrivalled local expertise with the global reach required to service both local and international clientele.

More about Hackman Capital
Founded in 1986 and headquartered in Los Angeles, Hackman Capital is a privately held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm currently owns, through its affiliated entities, 100 facilities throughout the United States, totaling approximately 18 million square feet and more than 1,300 acres of developable land. Hackman Capital also has conducted hundreds of equipment acquisitions, dispositions, and liquidations on four continents.  With more than 27 years of experience in acquisition, redevelopment, and asset management, Hackman Capital is known across marketplaces for its ability to successfully navigate complex transactions and financial restructurings involving real estate and equipment. The company is based in Los Angeles. For more information, visit www.hackmancapital.com.

More about Calare Properties
Calare Properties, Inc. is a real estate investment manager serving institutions and high net worth individuals. Since 2000, Calare has organized five private equity funds and several joint ventures to acquire and redevelop value-added real estate investments. Today, Calare has over $150 million of equity under management, which is invested in a diverse portfolio valued at over $600 million. Calare has a proven track record of acquiring, redeveloping, and disposing of underperforming commercial real estate assets. For more information, visit www.calare.com.