Boston – FoxRock adds to its portfolio with the acquisition of 164,487sf property in Fall River located at 848 Airport Rd.
Teufelberger, a rope manufacturer, has been family owned and operated since the 1700’s. Best known for its variety of high-quality engineered rope products created for the military and marine trades, the company has an agreement to lease the entire property through 2025. The company also bought properties in Mansfield and Weymouth.
“We are eager to begin our relationship with this well-respected specialty manufacturing company that is such a key driver of economic opportunity for the Southeastern Massachusetts region,” says Bryan Giudicelli, FoxRock Director of Business Development. “As FoxRock continues to expand throughout Massachusetts, we remain committed to the thoughtful, community-focused approach that distinguishes our company.”
With this most recent acquisition, FoxRock’s portfolio now encompasses more than 4,000,000sf of real estate across asset classes. FoxRock is also actively participating in the rapid revitalization of Quincy Center, where it has several significant projects in the development pipeline.