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Unitex Healthcare Laundry Services Leases 188653 Square Feet At 155 Shepard St In Lawrence MA

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LEASED
Timothy (Tim) Allen
Dan Driscoll
+ 3

Massachusetts

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Industrial188,653 SF
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LEASED

Unitex Healthcare Laundry Services Leases 188653 Square Feet At 155 Shepard St In Lawrence MA

155 Shepard St, Lawrence, MA, 01843

See Similar Deals
Industrial188,653 SF
Timothy (Tim) Allen
Dan Driscoll
+ 3
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:188,653 SF
Transaction Type:Lease

The property involved in this transaction is an industrial lease located at 155 Shepard St, Lawrence, MA, 01843, encompassing 188,653 square feet. This facility was formerly utilized as a plant for the beverage can manufacturer Crown Cork & Seal and is situated just south of the New Hampshire border.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not specified
  • Square Feet: 188,653
  • Market: Lawrence
  • Tenant: Unitex Healthcare Laundry Services
  • Landlord: The Seyon Group
  • Tenant's Representative: Dan Driscoll
  • Landlord's Representatives: James Lipscomb, Michael Ciummei, and Joe Fabiano of JLL
  • Brokers: Greg Klemmer, Tim Brodigan, Tim Allen, and Daniel Driscoll of Colliers International
  • Building Height Adjustment: The Seyon Group will raise the building’s clear height from 17 feet to 32 feet.

The deal involved Unitex Healthcare Laundry Services, which is based in Elmsford, New York. Key individuals representing Unitex in the lease negotiations included Greg Klemmer and Dan Driscoll from Colliers International. On the landlord's side, JLL representatives James Lipscomb, Michael Ciummei, and Joe Fabiano facilitated the transaction for The Seyon Group.

Players

Michael Ciummei
3 deals$16.4M volume
BROKER

Greg Klemmer
Colliers
3 deals$95.1M volume
BROKER

Dan Driscoll
2 deals$65M volume
BROKER

Timothy (Tim) Allen
Blackstone International Realty
3 deals$35M volume
BROKER

Tim Allen
JLL
1 deal
BROKER


The Seyon Group
LANDLORD

Details

LEASED
IMAGE: 155 Shepard St, Lawrence, MA, 01843 MARKET: Lawrence TENANT'S REP: Dan Driscoll BROKERS: Greg Klemmer-Colliers International TENANT: Unitex Healthcare Laundry Services LANDLORD'S REP: James Lipscomb, Michael Ciummei, and Joe Fabiano of JLL LANDLORD: The Seyon Group SQUARE FEET: 188653

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Deal Type
Effective Rent (Annual)

$10,813,476.12

Total Lease Value

$108,134,761.19

Net Landlord Cash Flow$10,813,476.12