Calare Properties and Hackman Capital Partners Announce Sale of 112 Barnum Road in Devens, MA, for $36.05 Million
Hudson, MA - June 2nd, 2015
Strategic investment and management practices lead to fully-leased, best-in-class asset
Calare Properties (
Originally constructed in 2010 as Evergreen Solar’s headquarters, the property offers state-of-the-art manufacturing and research facilities including oversized air handling and humidification, emergency diesel generators, and gas distribution systems. Immediately following the purchase,
Within 60 days of the acquisition,
“The sale of 112 Barnum Road is a major milestone and signifies our ability to identify and acquire undervalued properties, attract premier tenants, and deliver a tremendous return to our investors,” commented Bill Manley, CEO and CIO of
As part of the Barnum Business Park, the property provides an ideal location, situated just four miles west of Route 495 and two miles north of Route 2. Additionally, its close proximity to multiple highways offers tenants easy access to major Northeast business centers including Boston, Hartford, and New York.
Robert Gibson, Executive Vice President/Partner, Bill Moylan, Executive Vice President/Partner, Chris Angelone, Executive Vice President/Partner, Bruce Lusa, Vice President, and John Meador, Senior Associate, of CBRE/New England represented ownership in the transaction.
About Calare Properties
Calare Properties is a private real estate manager and operator focused on acquiring warehouse, manufacturing, research and flex/office commercial real estate for the economic benefit of our investors and strategic partners. Since the firm’s inception in 2003,
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, 270 facilities throughout the United States, totaling approximately 25 million square feet and more than 10,000 acres of developable land. Hackman Capital also has conducted hundreds of equipment acquisitions, dispositions, and liquidations on four continents. With more than 29 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.