There are signs that Rust-Oleum is looking to expand beyond the space capabilities of the facility. In a statement, George Haines, project executive responsible for the asset management of the facility, says the firm hopes to accommodate even more of Rust-Oleum's future growth by adding an additional 90,000 sf on the site. The property is located on 15.37 acres, which can accommodate the additional space, the company also said in the statement. BPG is currently seeking the necessary municipal approvals to develop the land.
David O'Neill of Colliers represented Rust-Oleum. Michael McGugan and Rodney Judd of Grubb & Ellis represented the landlord.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
