ERD Metal Inc Acquires 229,867 SF Industrial Building On 26.09 Acres In Westfield, MA For $14.5M

The Stubblebine Company/CORFAC International has announced the sale of 323 Lockhouse Rd, Westfield, MA. The property is an industrial building spanning 229,867 SF and is situated on 26.09 acres of land. The strategic location near major highways and the Westfield-Barnes Regional Airport adds value to this asset. The sale price for this transaction was $14.5 million, resulting in a price per square foot of $63.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $14,500,000
• Address: 323 Lockhouse Rd, Westfield, MA
• Market: Westfield, MA
• Acres: 26.09
• Buyer: ERD Metal Inc
• Seller: SL 323 Lockhouse RD LLC
• Buyer's Representative: Chris Michniewicz, David Berman & David Stubblebine - The Stubblebine Company
• Seller's Representative: Shawn McMahan - JLL
• Square Footage: 229,867 SF
• Price Per Square Foot: $63

This notable transaction was facilitated by the buyer's representative, Chris Michniewicz, David Berman, and David Stubblebine from The Stubblebine Company, while the seller was represented by Shawn McMahan of JLL. The transaction highlighted the expertise and negotiation skills of these individuals and their respective companies.