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MassDev. Bond Helps Manufacturing Facility

| January 8, 2019

Rendering of new industrial building

Middleton, MA – MassDevelopment has issued an $8,775,000 tax-exempt bond to J&V Realty Trust, a related entity of manufacturer Salem Metal, Inc., that will use bond proceeds to purchase an 88,400sf industrial building under construction at 177 North Main Street in Middleton.

Salem Metal, Inc., which currently operates at nearby 21 Lonergan Road, will move into the new facility and use about 70,000sf for its manufacturing activities. The remaining 18,400sf will likely be leased to a third party. TD Bank purchased the bond.

The new facility at 177 North Main Street will feature custom fabrication including laser cutting, punching, machining, forming, welding, painting, silk screening, and value-added assembly services.

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Category: All, Corporate

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