Calare Properties’ Bill Manley and Charles Nolfi Contribute to Bisnow Article
Bisnow Boston - March 2, 2017
Massachusetts Manufacturing Isn’t Dead — It’s Different
Calare’s CEO, Bill Manley and Managing Director, Charles Nolfi contributed to Bisnow’s article, “Massachusetts Manufacturing Isn’t Dead — It’s Different.” The Calare team shares insights on the state’s manufacturing industry and the versatility of industrial property space. Below is an excerpt.
Massachusetts has lost manufacturing jobs in recent years, threatening to drop out of the nation's top 10 markets. But productivity in the state is at an all-time high. One of the influencers might surprise you. The Commonwealth’s manufacturing gross output hit a record high of $48B in 2015 (a $3B jump from the prior year), according to the Bureau of Economic Analysis. While local manufacturing jobs are stabilizing…. Beverage manufacturers are aggressively moving into industrial spaces left by older companies. At its peak, the Avery Dennison label and packaging firm employed 3,000 in downtown Framingham. Over the years, it diminished in size, and its departure in 2013 left an array of empty warehouses across the town, including over 100k SF at 100 Clinton St. Calare Properties gutted the space and retrofitted 67k SF for craft brewer Jack’s Abby in 2014.
If you wish to further discuss this, contact Bill Manley or Charles Nolfi at 978-568-0100.