September 27, 2022
A WAREHOUSE PROPERTY at 500 Narragansett Park Drive in Pawtucket was just lately offered by an actual property holding firm related to Visible Creations Inc. FoxRock Properties subsidiary of Quincy, Massachusetts for $10.5 million. / SCREENSHOT VIA GOOGLE MAPS

PAWTUCKET. Quincy, Massachusetts-based business actual property agency FoxRock Properties just lately purchased a 149,000-square-foot industrial constructing at 500 Narragansett Park Drive in Pawtucket for $10.5 million.

FoxRock Properties, based in 2007, has an funding portfolio spanning over 4 million sq. toes of medical, retail, workplace and industrial area, in line with the corporate’s web site. FoxRock Properties additionally owns industrial property at 55 DuPont Drive in Windfall and mixed-use/workplace area at 1 Albion Highway in Lincoln.

The one-story constructing at 500 Narragansett Park Drive continues to be occupied by Visible Creations Inc., which was based in 1980 and makes specialty retail show instances with its Rose Shows signage division.

The actual property holding firm related to Visible Creations, which is run by its CEO and president Jay Lengthy, offered the commercial property on August 28. 24 Restricted Legal responsibility Firm integrated by FoxRock as FoxRock 500 Narragansett Realty LLC, in line with a duplicate of the Guarantee Doc, which is a publicly accessible proof of sale.

This comes after Visible Creations moved to Pawtucket 12 years in the past from their former manufacturing facility buildings in Windfall, buying the property at 500 Narragansett Park Drive in December 2009 for $2.35 million.

The constructing was previously occupied by Honeywell Worldwide Inc. previous to becoming a member of Visible Creations, investing $1 million to demolish and rebuild the inside.

Inbuilt 1975 on a 14-acre web site, the commercial property was final valued by Pawtucket appraisers in 2021 at $3.59 million, in line with public information posted on-line by town. The location additionally has 120,000 sq. toes of paved parking floor, in line with metropolis information.

Mark Larock is a PBN contributor.

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