Italian Firm Acquires 335,000-SF Industrial

NASHUA, NH-The Liberty Cos. has spun off a major piece of its Liberty Commerce Center here, peddling 34 acres and the 335,000-sf 100 North West Blvd. to an Italian firm for $8.4 million. Buyer Two C Pack Systems Corp. will use the facility to house its recently acquired Lowell Paper Box Co., also located in Nashua.

“This sale signifies a major positive economic trend in the area,” Cushman & Wakefield broker Thomas Farrelly says of the Liberty Commerce disposition. Via Liberty’s previous harvest of 12 acres to another user and plans to trade another nine acres, the complex will eventually house three separate operations, reports Farrelly. The C&W executive director calls 100 North West Blvd. “a classic opportunity to reposition a major corporate surplus asset in a value-added play” by Boston-based Liberty. The company acquired 55 acres and 100 North West Blvd. from Corning, which had conceived the facility to serve as a world-class fiber optics plant. When that fledgling industry took a nosedive, Corning bailed on the project, selling to Liberty Cos. what was at the time an unfinished and vacant complex.