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As the exclusive sales agent, Jones Lang LaSalle has been retained to market the fee-simple interest in 220 Hopping Brook Road (the “Asset”); a 90,470 square foot manufacturing facility located in Holliston, Massachusetts. The Property is 100% occupied by the current owner – Web Industries, a provider of comprehensive outsource manufacturing and precision converting services in the Aerospace, Medical, Personal & Home Care, and Industrial sectors for over 50 years. 220 Hopping Brook has been a mission-critical facility for Web Industries – the company intends to execute on a sale leaseback at market rents, with a negotiable term between 5 and 10 Years.
The asset is conveniently located just outside the heart of MetroWest Boston, offers easy access to the Downtown, Cambridge, and Waltham / Lexington submarkets via its proximity to both 495 and the Mass Pike; the asset’s location has proven valuable to Web Industries and their employees, many who benefit from an efficient “reverse commute” from communities along I-95.
The property is being offered as-is, free and clear of any debt and with no asking price.
STATE-OF-THE-ART BIO-MANUFACURING FACILITY
Web Industries has poured over $15 million in mechanical, HVAC, and other lab equipment investment into the asset over the last few years helping transform it into a modern Bio-Manufacturing ready facility. Land and construction costs continue to move upward daily, allowing investors to purchase an existing GMP facility at well below current replacement costs, unlocking immense potential downstream value at an unbeatable basis.
FLEXIBLE SALE-LEASEBACK WITH CREDIT-WORTHY TENANT
This offering affords investors the rare opportunity to structure a flexible sale-leaseback agreement on price and term with a well-established private manufacturer with seven locations across the United States and Europe. The tenant operates a diversified business model providing manufacturing solutions across multiple high-growth industries including Life Sciences, Aerospace, Personal/Home Care, and Heavy Industry.
WORLD-RENOWN LIFE SCIENCE MARKET DYNAMICS
Greater Boston has been the center of the universe for Life Science innovation and growth for decades now. As the most innovative companies in the world have matured, demand for bio-manufacturing space has sky-rocketed as companies have transitioned from traditional R&D to production of life saving therapies and vaccines. The shift from R&D demand to production demand has created an unprecedented amount of GMP space requirements, which have been focused along the 495 corridor.