The Stubblebine Co. negotiated terms for both the tenant and lessor, the Paper Store, with the assignment handled by David and James Stubblebine and Al Ringuette. CPF Inc. manufactures and bottles soft drinks and other beverages, including energy drinks, mineral waters, frozen juices and chocolate drinks.

Constructed in the 1960s, 46 Industrial Rd. enjoyed a long period of prosperity during the days when Leominster was a booming manufacturing town focused on plastics production. As that arena moved offshore in the 1970s and 1980s, the region fell into an economic malaise that left many assets underutilized, including 46 Industrial Rd. Located on at the junction of Route 2 and Interstate 190, the building offers many features required of industrial tenants, including 16 loading docks and 18-foot ceilings. There is also direct rail service to the 10-acre parcel.

The demise of the state's manufacturing sector has shifted the stock of commercial properties in I-495 to flex and office space, with just 7.7 million sf of industrial tracked in the market by Jones Lang LaSalle. JLL lists more than 20 million sf of flex and office space in the area.