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Quaker Fabric Corp. Signs Deal for 600,000-SF Industrial Building

FALL RIVER, MA-Quaker Fabric Corp. plans to either buy or lease a 600,000 sf industrial building at 81 Commerce Dr. The company plans to consolidate several of its existing operations into this single-story, modern manufacturing and warehousing facility.

By Naomi Grossman | Updated on July 08, 2004

FALL RIVER, MA-Quaker Fabric Corp. entered into an agreement to either buy or lease a 600,000-sf industrial building at 81 Commerce Dr. The building, which is situated on nearly 34 acres in the north end of the city, would sell for $21 million.

Paul Kelly of Quaker Fabric tells GlobeSt.com that the company signed a purchase-and-sale agreement for the property with the real estate trust selling it, but can assign their rights to a third party if they find someone else to purchase the property. “We are indicating to the financial community that we can buy it or we have a right to lease it,” says Kelly. The deal is in the process of its due-diligence period.

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