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Westminster business park wooing tenants
WESTMINSTER A prime bit of real estate on the way 2 corridor in Westminster can bring new industry and jobs to the region.
The path 2 Commerce Park, which houses the companies Simplex and Interstate Container, has nearly 400,000 square feet of space readily available for purposes ranging from office space to heavy manufacturing.
Robert LeClair, an associate with CB Richard Ellis, the realestate broker marketing the property on behalf of Hackman, says once tenants are found, residents of Westminster and neighboring towns may begin to determine more employment opportunities open up closer to home.
"We would anticipate that tenants visiting this site would rely principally on employees from the local community," LeClair said.
Based on LeClair, the property's attractive qualities could be described under the "three P's" people, power and price. The local population is the right size to aid new companies, your building is powered with 17,000 amps,www.billbellformayor.com/2013/10/parajumpers-parka-como, which makes it appealing to manufacturing businesses,parajumpers jakke, and LeClair said lease prices are "extremely competitive."
But great attributes can always be overshadowed with a down economy, said David McKeehan, president from the North Central Massachusetts Chamber of Commerce.
"It is, actually, a very good location," McKeehan said.
"Owners have been marketing it in a very affordable rate. However this is a very tough market right now," said McKeehan.
CB Richard Ellis has been searching for new tenants since January. LeClair said the home received some interest from BostonPower, which manufactures batteries for hybrid cars, but the business park was conducive to the business's needs.
Still, LeClair said hello isn't uncommon for properties to put vacant as much as 18 months before a lease is signed.
John Root, senior vice president of asset management for Hackman Capital, agrees.
"It's difficult to predict. The market is a little slow, but we're optimistic concerning the quality of this building with regards to the marketplace," said Root.
Based on researching the market,moncler pas cher avis, Root said he would expect the property to draw in a technology company. Under this scenario, the possibility for more whitecollar job creation is probably.
"Historically, the market itself is a little more technologically focused, and also the building itself includes a higherend use," Root said, with respect to current tenants. Root was careful to note that Hackman welcomes manufacturing tenants likewise.
Local residents may not be so eager. Based on Selectman John Fairbanks,canada goose sale jackets, residents happen to be torn on the prospect of new industries relocating. For example, at Town Meeting in May, residents voted against new overlay zoning laws that would allow more commercial business to move to Westminster.
"In this day and age, when tasks are just a little harder to find, I would hope residents would welcome new business," said Fairbanks.
Interim Town Planner Marie Auger said she does not expect much controversy because the building is located away from residential areas, and market is seems more palatable to residents than retail.
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