CORFAC News

KLT Recycling has signed a six-year lease for 33,295 square feet at 3 Nemco Way, Ayer, MA, a first-class, high-bay distribution property. David Stubblebine, James Stubblebine, Alan Ringuette, and Ellen Garthoff of The Stubblebine Company represented both KLT Industries, Inc. and the landlord, The Principal Financial Group,in the transaction.3 Nemco Way, Ayer, MA is an institutional quality, single story industrial building ideally suited for warehousing and distribution related companies. The building offers excellent highway access to Route 2 and I-495, 20 loading docks, and 10,000 square feet of mezzanine office space.KLT Industries, Inc is the market leader for recycling cardboard and plastics in New England with a mission to recycle 600,000 tons of materials annually. They currently process 98,000 tons annually.The Principal Financial Group is a leading global financial company offering businesses, individuals, and institutional clients a wide range of financial products and services.  A leader in commercial property investments, Principal Real Estate Investors manages one of the nation's largest portfolios.