CBRE Arranges New Hampshire Industrial Property Acquisition
29 Jul 2020
CBRE's Chris Healey represented the buyer, Index Packaging, Inc., in the transaction with 150 Venture Drive, LLC. In addition to the property, Index Packaging also acquired an additional 20 acres of land to accommodate its significant expansion needs.
“150 Venture Drive fit our search criteria for a facility with ample space for hosting production and storage of our packaging products as we continue to expand our operations,” said Mike Wiles, President of Index Packaging. “We are pleased with how well all parties were able to work together to complete this transaction during these unprecedented times and look forward to utilizing our new space to its full potential, having already begun looking at increasing the size of the building.”
CBRE’s Healey added, “With the decreasing availability of quality industrial properties in this market, 150 Venture Drive provided Index Packaging with a unique opportunity for prime industrial space that serves its current requirements with additional space to accommodate future expansion plans as the company continues its rapid growth.”
Index Packaging, Inc. is a New Hampshire-based custom packaging supplier and manufacturer serving an international client roster for over 50 years.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.