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Paper Distributor Leases 130K SF In Bellingham

Aug 12, 2011 | Reprints | Unlock Link | Print

190 Mechanic St., Bellingham Paper distributor Central National-Gottesman Inc. (CNG) has signed a 12-year lease for 130,850 square feet of space at 190 Mechanic St. in Bellingham.

The warehouse/distribution facility is located on Route 140, directly off of Interstate 495.

"This is a great deal for the asset as it is now stabilized for the foreseeable future with a very strong client," said Kevin McCall, president and CEO of Paradigm.

The 210,700-square-foot property is 100 percent leased. It was developed in 2005, and acquired in September 2006 by an affiliate of Paradigm Properties and an institutional capital partner, according to a statement.

Robert Gibson and Ed Jaroz of CBRE represented the owner in the transaction and David Post of Northeast Realty Consultants represented CNG.

Commercial & Industrial