Holliday Fenoglio Fowler To Exclusively Handle Sale of The Cordage in Plymouth, Massachusetts.Business Editors NEW YORK--(BUSINESS WIRE)--April 1, 2003 Holliday Fenoglio Fowler, L.P. has been retained as exclusive agent in the sale of The Cordage cordage (kôr`dĭj), collective name for rope and other flexible lines. It is used for such purposes as wrapping, hauling, lifting, and power transmission. Early man used strips of hide, animal hair, and plant materials. , a land development zoned for light industrial, commercial, residential and marine related uses, located in Plymouth, Massachusetts
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office will lead the team marketing the property on behalf of the seller, Cordage Development LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which acquired the property in 2000. The property is valued in excess of $30 million. The Cordage, located on Court Street in North Plymouth, was originally a rope manufacturing facility, which operated from 1824 to 1971. Through World Wars I and II, the cordage plant produced nearly all of the rope used by the U.S. Navy. After changing hands several times in the 1960s, The Cordage closed its manufacturing operation in 1971 and has had various uses since that time. The Cordage is comprised of over 22 acres of upland waterfront and approximately 50 acres of coastal inter-tidal property, which is submerged in Plymouth Harbor Plymouth Harbor is the name of a harbor located in Plymouth, Massachusetts, a town in the South Shore region of the state. It is part of the larger Plymouth Bay. Historically, Plymouth Harbor was the site of anchorage of the Mayflower . Existing improvements include 903,626 square feet in eight existing buildings, a 400-foot pier situated at the opening of a federal navigation channel and extensive seawall seawall: see coast protection. systems, as well as 3,000 feet of shoreline along Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. Bay. The property is enhanced by the Boston-bound commuter rail, which ends at the site (33 miles south of Boston). "The Cordage is a rare investment opportunity to control and improve one of the last undeveloped waterfront properties in New England," said Morningstar. "The appeal of this project includes Plymouth's desirable land prices, quality of life and residential amenities." "The development comes to market at an opportune time and has strong demand-drivers clearly supporting numerous uses" (i.e. multifamily rentals, and retail, marine-related, hospitality and office sales), added Scandalios. With 18 offices nationwide, Holliday Fenoglio Fowler is one of the country's largest commercial real estate capital intermediaries. Since 1998, the firm has capitalized debt, private equity, structured finance and investment sales transactions of almost $62 billion. Pictures are available upon request. |
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