Franklin, MA | Garrett Quinn of SVN Parsons Commercial Group Boston recently represented the tenant, MGB USA, Inc in a 13,904 SF lease at 157 Grove Street in Franklin, MA. 157 Grove Street is a 76,268 SF flex building located minutes from I-495. The Landlord, GRE Grove Street Two, LLC, was represented by McKenna Teague of Transwestern RBJ. MGB USA, Inc is moving from their current facility located at 121 Flanders Road in Westborough.
MGB USA, Inc. manufactures precision electrical components used in a variety of applications including aerospace, defense, medical, telecommunications, and automotive hybrid and electrical instrumentation. The company has been headquartered in France since 1953 and has a production facility in China that opened in 2005. “MGB USA has been expanding rapidly with tremendous growth in the United States within the past few years,” said Quinn. “The facility at 157 Grove Street allows MGB to expand their operation and increase proficiency”.
“I am excited to have found such a great location with so much potential for growth and it is exciting to be bringing manufacturing jobs back to Massachusetts,” said Kevin Frieswick, General Manager of MGB USA. “We are achieving our goal, building a clean, modern facility with new precision equipment. Being so close to Rt. 495/95 will help us to draw the best talent from Boston and Providence.”
SVN Parsons Commercial Group Boston is a commercial real estate firm based in Framingham, Massachusetts. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development and construction management services.
Sperry Van Ness International Corporation (SVNIC), a commercial real estate brokerage franchisor headquartered in Boston, Massachusetts, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 190 locations in 500 markets, Sperry Van Ness Commercial Real Estate Advisors provide sales, leasing, and property management services to over 6,000 clients worldwide. SVN Advisors also represent clients in auction services, charter schools, corporate real estate, distressed properties, golf & resort, hospitality, industrial, investment services, land, medical, multifamily, office, retail, single tenant investments. All Sperry Van Ness offices are independently owned and operated.