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BINSWANGER NEGOTIATES $10 MILLION INDUSTRIAL LEASE

NEW BEDFORD, MASS. — Philadelphia-based Binswanger has negotiated the long-term lease of a 257,066-square-foot manufacturing facility, located at 100 Duchaine Blvd. within the former Polaroid complex in New Bedford. The space will be occupied by Lowell, Mass.-based Konarka Technologies, which signed a deal worth more than $10 million. The photovoltaics company plans to operate the facility as the world’s largest roll-to-roll thin film solar manufacturing plant. The landlord in the transaction was Watermill Ventures, whose subsidiary, MultiLayer Coating Technologies, ceased its operations at the facility in 2007.

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