CORFAC News

18 Jun2019

Stubblebine Company/CORFAC International Brokers $4.45 Million Transaction

The F.W. Webb Company, a wholesale distributor of plumbing, heating, cooling and industrial products, recently purchased 33 Sword Street, Auburn, MA, a 75,000 square foot single story industrial facility situated on 3.04 acres and formerly owned by Imperial Distribution, for $4,450,000. David Skinner, David Stubblebine, and James Stubblebine from The Stubblebine Company/CORFAC International represented the buyer and seller, Imperial Distributors, in the transaction.

The site was the former Imperial Distributors distribution center for several decades before Imperial relocated to its current location at 150 Blackstone River Road, Worcester, MA in a long-term 325,000 square foot lease transaction also recently facilitated by The Stubblebine Company.

F.W. Webb currently has a location at 43 Sword Street in Auburn. The company anticipates opening the new wholesale store on 33 Sword Street by Aug. 31, and a retail kitchen, bath and lighting showroom by the end of the year. F.W. Webb will continue to operate out of 43 Sword Street until the new location is ready. 

“Our business has grown, and we are moving the location to a larger building to meet the needs of both our F.W. Webb wholesale customers and our retail Frank Webb Home customers,” said Bob Mucciarone, F.W. Webb Chief Operating Officer. “We are excited to expand our presence in the greater Worcester area.”

 

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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Netherlands, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.