Description

As exclusive sales agent, Jones Lang LaSalle is pleased to offer for sale 101 Herbert P Almgren Drive (the “Property”), located in Agawam, Massachusetts. The Property is a 187,840 square foot high-bay warehouse facility situated in Agawam Business Park, presenting the rare opportunity to acquire a fully leased Class A asset with high-quality property specifications and functional suite sizes.

Strategically located between Hartford and Springfield, 101 Almgren Drive provides easy access to a well-trained labor pool across western Massachusetts and northern Connecticut as well as connectivity to major transportation routes including immediate access to the MA-57 freeway and close proximity to I-91 (5.8 miles) and I-90 (14.1 miles). Agawam Business Park offers a diverse mix of industrial, flex, and office space within a well-established commercial corridor that serves greater New England. The park benefits from a lower cost structure compared to nearby urban markets, making it an attractive option for tenants seeking operational efficiency without sacrificing regional accessibility.

Built in 1997 and 2000, 101 Almgren Drive is a functional high-bay warehouse equipped with 16 loading docks, 2 drive-in doors, up to 28’ clear height, 5,000 amps of power, and 145 parking spaces. The Property is fully leased to Vaupell, a global leader in highly-engineered components for aerospace and defense, and OMG, a leading U.S. manufacturer and global supplier of construction products, with 7.9 years of WALT remaining and 24% below market rents. This opportunity presents investors with a core warehouse asset featuring reliable cash flow, institutional-quality design, and seamless connectivity to New England’s primary transportation network.

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