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77 Industrial Rowe
SOLD

Valley Forge Private Equity Acquires 113,000 SF Industrial Building In Gardner, MA For $9.6M

77 Industrial Rowe

Industrial
113,000 SF
clock iconSold 201 days ago
David Coffman
Lenny Pierce
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Summary

Sale
MASSACHUSETTS
Industrial
113,000 sqft

Valley Forge Private Equity, led by Mike Creighton, acquired the 113,000-square-foot industrial building located at 77 Industrial Rowe in Gardner, Massachusetts. The property was sold by Garlock Flexibles, represented by Greg Powell. The transaction was facilitated by JLL Capital Markets, with David Coffman and Lenny Pierce from JLL acting as the brokers for the deal. The sale price for the property was $9.6 million, resulting in a price per square foot of $85.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,600,000
  • Address: 77 Industrial Rowe, Gardner, MA
  • Buyer: Mike Creighton - Valley Forge Private Equity
  • Seller: Greg Powell - Garlock Flexibles
  • Brokers: David Coffman & Lenny Pierce - JLL
  • Square Footage: 113,000
  • Price per Square Foot: $85

JLL Capital Markets played a key role in facilitating the sale-leaseback of the industrial property at 77 Industrial Rowe. This transaction showcases the expertise of Mike Creighton and his firm, Valley Forge Private Equity, in strategically acquiring commercial assets. Greg Powell, representing Garlock Flexibles, successfully closed the deal, while David Coffman and Lenny Pierce from JLL acted as the brokers, ensuring a smooth and efficient transaction.

Players

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    3

  • Agents

    2

  • Agencies

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David Coffman's profile picture
David Coffman
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Associate
$76.8M Sold
Lenny Pierce's profile picture

Details

Deal Summary
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SOLD
IMAGE: Mike Creighton, Greg Powell, David Coffman & Lenny Pierce DATE: 11/10/2023 ADDRESS: 77 Industrial Rowe MARKET: Gardner, MA ASSET TYPE: Industrial BUYER: Mike Creighton - Valley Forge Private Equity SELLER: Greg Powell - Garlock Flexibles BROKERS: David Coffman & Lenny Pierce (@Lenny_Pierce) - JLL (@JLL) SALE PRICE: $9,600,000 SF: 113,000 ~ PPSF: $85 NOTE: JLL Capital Markets facilitated the $9.6 million sale-leaseback of 77 Industrial Rowe, a 113,000-square-foot industrial building in Gardner, Massachusetts.

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