Gardner printing firm sells properties for $7M
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Garlock Printing & Converting's facility on Fredette Street in Gardner
A Gardner manufacturer has sold its two sites in town for more than $7 million to a New York firm.
Garlock Printing & Converting has sold its 72,000-square-foot headquarters at 164 Fredette St. for $3.25 million and a nearly 50,000-square-foot warehouse at 77 Industrial Rowe for $3.9 million.
The sites were sold to a limited liability corporation registered to Michael Ranson and Rob Groberg, investors with the New York firm Astara Capital Partners. The sales closed Jan. 25.
The 6.6-acre Fredette Street site last sold in 1998 for $1.4 million and was last assessed by the City of Gardner at just under $2 million. The seven-acre Industrial Rowe site off Route 2A last sold in 2002 for $1.3 million and was last assessed at nearly $2.7 million.
Garlock, a privately held company founded in 1987, also has a facility in Reno, Nev. The company didn't return a call seeking comment.
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