Clinton, MA (PRWEB) September 13, 2012
Hackman Capital and Calare Properties, Inc., announced today that Radant Technologies, Inc., has signed a lease to occupy 58,852 square feet at 100 Adams Road in Clinton, Massachusetts. Radant Technologies, based in Stow, Mass., will use the state-of-the-art, high-bay industrial facility to accommodate business growth. Radant specializes in the design, manufacturing and testing of radomes reflectors, and structural composite products for use in high performance airborne, ground based, shipboard and submarine installations.
David and James Stubblebine and Alan Ringuette of The Stubblebine Company/CORFAC International, Inc. represented the tenant in lease negotiations. They also are the listing agents for the property. "The combination of the facility's 32-foot ceiling heights, abundant loading capacity, existing office space and close proximity to Stow made 100 Adams Road the ideal choice for Radant," said Ringuette, who worked closely with Radant for more than two years while the company was preparing for this expansion.
The 344,000 square foot manufacturing and distribution facility is situated off I-495, about 10 miles from Stow and 35 miles from Boston, and still offers 86,000 square feet of divisible space for lease. The property is part of the National Industrial Portfolio, a joint venture among entities formed by Hackman Capital and Calare Properties in conjunction with KBS Real Estate Investment Trust. Also part of the portfolio is the Clinton landmark distribution center at 111 Adams Road.
"We're thrilled to have Radant as a tenant," said Phil Smith, the portfolio's leasing director. "We appreciate the professionalism and focus both of The Stubblebine Company and our property management company, PM Realty Group. The collective team effort provided a swift solution to Radant Technologies's real estate needs."
More about Radant Technologies
Radant Technologies, Inc. is headquartered in Stow, Massachusetts. Radant employs a highly specialized team of engineers, technicians and production workers and possesses a commensurate array of unique facilities and equipment to design, build and test radomes and antennas used primarily by DoD and the defense industry. Radant’s experience over the last 30 years spans many programs associated with a variety of platforms including aircraft, ships and submarines and applications encompassing radar, electronic warfare and satellite communications. For more information, http://www.radanttechnologies.com.
More about Hackman Capital
Founded in 1986 and headquartered in Los Angeles, Hackman Capital is a privately held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm currently owns, through its affiliated entities, 100 facilities throughout the United States, totaling approximately 18 million square feet and more than 1,300 acres of developable land. Hackman Capital also has conducted hundreds of equipment acquisitions, dispositions, and liquidations on four continents. With more than 26 years of experience in acquisition, redevelopment, and asset management, Hackman Capital is known across marketplaces for its ability to successfully navigate complex transactions and financial restructurings involving real estate and equipment. The company is based in Los Angeles. For more information, visit http://www.hackmancapital.com.
More about Calare Properties
Calare Properties, Inc. is a real estate investment manager serving institutions and high net worth individuals. Since 2000, Calare has organized five private equity funds and several joint ventures to acquire and redevelop value-added real estate investments. Today, Calare has over $150 million of equity under management, which is invested in a diverse portfolio valued at over $600 million. Calare has a proven track record of acquiring, redeveloping, and disposing of underperforming commercial real estate assets. For more information, visit http://www.calare.com
More about The Stubblebine Company
The Stubblebine Company/CORFAC International is a leading provider of commercial real estate brokerage services with a specialty in selling and leasing large office/R&D and industrial properties in the suburban Boston marketplace. Through its relationship with UK-based King Sturge and Latin American Commercial Property Services Inc. in South America, CORFAC International serves more than 150 markets worldwide. The Stubblebine Company alliance with CORFAC International combines unrivalled local expertise with the global reach required to service both local and international clientele. For more information, visit http://www.stubblebinecompany.com