A commercial real estate development and investment firm based on the South Shore has made a significant purchase in Fall River.
FoxRock has acquired a property spanning 164,487 square feet in Fall River on Airport Road. Several manufacturing companies have previously owned the property, including New England Ropes. The current tenant, Teufelberger, purchased the property in 2009.
Teufelberger is a family-owned and operated multinational business and is known for its high-quality ropes made for the marine and military trades. Its agreement is to lease the property through 2025. Managing Director at FoxRock, Mark Carroll, said that his company believes in the future of manufacturing and expressed his excitement about welcoming the world-renowned Teufelberger to the family. Such companies often look to Stationery printers when such acquisitions are made as changes to Letterheads and other printed materials may be required.
Director of Business Development at FoxRock, Bryan Giudicelli, commented that the company is very much looking forward to beginning their relationship with Teufelberger as it is an important source of economic growth and development in the southeastern part of the state. He added that as the company continues to grow throughout the Commonwealth that it will stay committed to being focused on the community, a distinguishing trait of the company.
The acquisition now expands the portfolio of FoxRock to over 4 million square feet of several classes of real estate.
Get a Free Quote for Stationery Get a Free Quote for Letterheads
