SAINT-GOBAIN LEASES HALF OF DEVENS INDUSTRIAL FACILITY

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DEVENS, MASS. — Saint-Gobain has signed a lease for 200,000 square feet of industrial space at 112 Barnum Road in Devens. The French multinational corporation plans to invest $31 million in the facility and hire 90 new employees to manufacture a component of LEDs (light emitting diodes) for one of its divisions, Saint-Gobain Crystals. Production is expected to begin in early 2013. Robert Gibson and Ed Jarosz of CBRE Group represented the owners, Hackman Capital and Calare Properties, in the transaction.

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