September 26, 2022
INDUSTRIAL PLANT at 575 Lonsdale Ave. in Central Falls, the longtime dwelling of high-end reward field and picture packaging maker HB Packaging Group, was just lately bought for $1.85 million. / PROVISION HB PACKAGING GROUP

CENTRAL FALLS – Buffinton Artistic Packaging constructing at 575 Lonsdale Ave. was just lately bought for $1.85 million, in line with Sweeney Actual Property & Appraisal, which represented the previous proprietor within the deal.

The 45,143-square-foot industrial constructing and 1.78 acres of land it sits on was bought by Eighty Two Fifty Six Realty LLC to AOK Property Holdings LLC, in line with a replica of the disclaimer, which is a public doc posted on-line. metropolis.

Sweeney Actual Property recognized the patrons as Andrew V. Cannan and Ana Clara de S.O. Kannan, who have been represented within the transaction by Century 21 Actual Property. Kannan is the CEO of CannonKeys LLC, a Rhode Island-based on-line retailer of customized mechanical keyboards, which he based in 2019.

Eighty Two Fifty Six Realty is managed by Thomas J. Kavanagh, in line with annual returns filed with the Rhode Island Secretary of State’s workplace. Kavanagh is the president of HB Packaging Group, a top quality reward field and picture packaging firm that has lengthy occupied 575 Lonsdale Ave. plant because the formation of the corporate 21 years in the past.

A spokesman for the previous HB Packaging Group mentioned the corporate was acquired in January. 1 this 12 months by Pawtucket-based Worldwide Packaging Corp., a customized packaging firm also called Interpak. At the moment, the HB Packaging Group went out of enterprise, and three months later, the property and personnel of the previous field firm have been transferred to the Worldwide Packaging facility at 517 Mineral Spring Ave. in Pawtucket,” mentioned Ryan Kavanagh, product supervisor for Interpak, in an electronic mail.

For the reason that acquisition, Worldwide Packaging has about 150 staff, mentioned Kavanagh, whose household owned and operated HB Packaging Group. In line with Kavanagh, Worldwide Packaging is owned by a household good friend. He added that on the time of the acquisition, HB Packaging Group had 25 staff.

HB Packaging Group was shaped from a 2001 merger between FH Buffinton Co., previously of Windfall, and Hope Paper Field, previously of Cranston. HB Packaging Group traces its historical past again to 1876 when its bigger predecessor was often known as BS Buffinton, named after former proprietor Benjamin Slade Buffinton of Swansea who bought a field manufacturing facility positioned on Water Avenue in Warren, the enterprise later moved in Windfall. the place he labored for a very long time on Thurbers Avenue.

It wasn’t instantly clear what plans CannonKeys had for 575 Lonsdale Ave. the constructing or facility is already in use as a part of the mechanical keyboard enterprise.

It’s not clear to Sweeney if a mechanical keyboard firm is at the moment working within the constructing on Lonsdale Avenue. CannonKeys declined to remark.

Property on Lonsdale Avenue was final valued by Central Falls appraisers in fiscal 12 months 2022 for a complete of $755,000, in line with the town’s on-line actual property database. The one-story constructing with a 528-square-foot loading bay and 16,000-square-foot paved parking was in-built 1968, in line with metropolis data.

Mark Larock is a PBN contributor.

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