77 Industrial Rowe | Garlock SLB

As the exclusive sales agent, Jones Lang LaSalle has been retained to market

the fee-simple interest in 77 Industrial Rowe (the “Asset” or “Property”); a

113,050 SF manufacturing asset located in Gardner, MA . Built in two phases,

the Property, includes 60,000 SF of in-demand high-bay warehouse space

as well as over 50,000 SF of manufacturing/production space. Situated

on Route 2, 77 Industrial Rowe offers seamless access and connectivity to

major interstates, including I-495 and I-190, which provide same-day access

to all the major population hubs across the Northeast.

The Route 2 corridor market boasts strong leasing fundamentals specifically,

an 8.5% increase in direct rents over the past year paired with 0 SF of new

supply in the 100,000 SF range planned to hit the market. This stretch of the

Route 2 corridor is home to name brand tenants, like AIS, Masonite, DGC

Cable, Seaman Paper and Atlantic Door.

The property is 100% occupied by Garlock Printing & Converting, a fullservice

Flexible Packaging Converter that provides packaging solutions to

noncyclical end markets, particularly food. With two locations positioned to

serve the East and West Coast, Garlock is focused on high quality, ten-color

flexographic printing that extends shelf-life, reduces waste, and increases

consumer appeal.

Garlock Printing intends to execute a 10 to 15-year sale-leaseback at market

rent, providing investors with a rare opportunity to purchase a well-situated

asset with strong in-place tenancy and durable cash flow.

Parcel is being marketed “as-is” and is free and clear of any debt.