Lowell Industrial Sells to Finishing Trades Institute for $22M

The Stubblebine Company/CORFAC International and Cushman & Wakefield sold 120 Stedman St., a 128,678-square-foot single-story industrial building in Lowell, MA, for $22,100,000. David, James, and Micah Stubblebine, principals of The Stubblebine Company, represented the seller, DS Graphics | Universal Wilde. Blake Baldwin and Liz Swanson of Cushman & Wakefield represented the buyer, Finishing Trades Institute of NE (FTI-NE).

120 Stedman St. is a flex/industrial building located 1.4 miles from Route 3, two miles from I-495 and 30 miles from Boston. As a result of the sale, DS Graphics has relocated its print, mail, fulfillment, creative services, digital marketing services and customer support operations to a larger facility in Canton, MA.

FTI-NE is a training center dedicated to developing skilled professionals in the finishing trades, including painting, glazing and drywall finishing. It fosters workforce excellence and safety through comprehensive apprenticeship and continuing education programs for the construction industry, according to The Stubblebine Company.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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