CBRE Indianapolis and Chicago offices negotiate lease deal that will bring 80 new jobs to Indiana city
It’s easy to feel good about a commercial transaction when it results in not only the saving but the addition of jobs. That’s just what happened when CBRE Indianapolis represented a manufacturer in one of Indianapolis’ suburbs.
Tom Cooler of CBRE Indianapolis and Mike McLaughlin of CBRE Chicago recently teamed up to represent Stanley Black & Decker as it negotiated the terms of its 10-year industrial lease of 219,968 square feet in Greenfield, Ind.
Stanley consolidated two plants — one in Connecticut and one in Shelbyville, Ind. — into a modern manufacturing facility in Greenfield. Stanley now plans to create an additional 80 jobs at the plant by 2012.
The new facility will manufacture industrial fasteners, a variety of steel fasteners and industrial application equipment.
Mark Writt, of CBRE Indianapolis, also represented the landlord, Cabot II-IN1B02, LLC, in the transaction.
© 2016 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or email@example.com