Seaboard Folding Box Signs Major Lease in Westminster

Route 2 Commerce Park, Westminster, MA

WESTMINSTER, MA— Seaboard Folding Box will be relocating its operations from Fitchburg, MA to nearly 190,000 square feet of space at the Route 2 Commerce Park here. The long-term lease for 189,124 square feet at 100 Simplex Drive with Seaboard Folding Box was announced by Hackman Capital Partners, LLC of Los Angeles and Calare Properties, Inc . of Hudson, MA, the owner of the 685,000-square-foot industrial property. The company is currently headquartered at 35 Daniels St. in Fitchburg. Representatives of Seaboard could not be reached at press time. However, a recent published report in the Sentinel and Enterprise reports that Seaboard Folding Box will be relocating its headquarters, manufacturing and distribution operations to the Westminster property. Seaboard President Allen Rabinow stated that the company would begin moving its operations from Fitchburg to Westminster in the next two months and be completely moved into its new headquarters in about eight month from now. The company has reportedly operated in Fitchburg for more than three decades and has a workforce of 120 employees that will relocate to the 100 Simplex building later this year. Hackman Capital says that Seaboard has taken occupancy of its space at 100 Simplex Drive. Hackman Capital Partners reports that the space at 100 Simplex Drive provides the growing company with the large floor plan necessary to keep manufacturing and warehousing on one level with access to heavy power and multiple dock doors. Hackman Capital Partners will be customizing the space to accommodate Seaboard’s specialty production equipment and office needs. “This is a first-class property and a great fit for Seaboard Folding Box. We’re excited to have them as a tenant—and thrilled the company will be bringing new jobs to the Route 2 corridor,” says Michael Hackman , founder and CEO of Hackman Capital Partners. David and James Stubblebine and Alan Ringuette of T he Stubblebine Co . represented the landlord and tenant in the transaction. The Route 2 Commerce Park complex is part of a more than 10 million-square-foot portfolio owned by a joint venture formed by Hackman Capital Partners, Calare Properties and KBS Real Estate Investment Trust of Newport Beach, CA. The bulk of the portfolio—24 buildings, totaling almost 8 million square feet—is located in the Northeast.