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Two Leases Negotiated at 297 State Street, North Haven

Published 12/11/2013 12:00 AM
Updated 12/11/2013 11:13 AM

CB Richard Ellis – N.E. Partners, LP (CBRE/NE), reported Monday that it has successfully negotiated two leases at 297 State Street, North Haven, totaling approximately 158,186 square feet.

Red Thread Spaces, LLC., has leased 104,425 square feet in Building 4, and 1-800 PACK RAT has leased 53,761 square feet in Building 3.

Matthew O’Hare of CBRE/NE represented the Landlord, MCP Mountain, 297 State Street, LLC, a joint venture between Marcus Partners and Mountain Development Corp. Chris Metcalfe, also of CBRE/NE, along with Richard Levine of CBRE NYC, represented Red Thread. Peter Shiue and Connor Faught of Colliers International represented 1-800 PACK RAT.



Red Thread, which is owned by Steelcase, acquired BKM Total Office in 2011 and is now a premier regional enterprise supporting workplace needs throughout New England.

Red Thread provides customers with expanded audiovisual, architectural systems, floor covering, and technology solutions, as well as a comprehensive offering of contract services.


1-800 PACK RAT

1-800 PACK-RAT, LLC., is a portable storage container and moving company. Pack Rat now serves more than 115 million people in the United States in 62 different markets and continues to expand its operations.


297 State Street is a multi-tenant industrial building strategically located in North Haven with excellent access to Interstates 91 & 95 as well as the Merritt Parkway (Route 15). The site has undergone extensive renovations recently and now is home to both Red Thread and 1-800 PACK RAT.

The available contiguous space in the property totals approximately 227,000 SF and features high ceilings, excellent loading, heavy power, and 14 loading docks. Up to 28,000 SF of superb quality office space is available at the complex.

Joseph Coci of Mountain Development Corp. worked closely with Mike Freda and other senior officials of the Town of North Haven in order to complete these leases. Mr. Coci stated “The Town of North Haven has been an excellent partner in our repositioning of 297 State Street. Mike Freda and his team have been tireless advocates for this property. We could not have completed these leases without the complete support and cooperation of Town officials.”


About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture, has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. The firm serves real estate owners, investors and occupiers by offering strategic advice and execution for: property leasing and sales, property facilities and project management, corporate services, debt and equity financing, investment management, valuation and appraisal, research and investment strategy, and consulting. Visit their website at www.cbre-ne.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide.

CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Visit their web site at www.cbre.com.

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