Combined Properties Inc, a full-service real estate investment and development firm, is pleased to announce that Steele Canvas Basket recently renewed its lease of first class office and manufacturing space at 201 Williams Street in Chelsea. In doing so, Steele Canvas Basket expanded its footprint from 23,634 square feet to 36,634 square feet. Combined Properties is overseeing the expansion into the additional space.
Steele Canvas Basket, established in 1921, manufactures products for both industry and the home, specializing in canvas and polyethylene baskets (bins), trucks (buggies), hampers, and canvas bags. The company has been at its 201 Williams Street location since 1986 and is one of the building’s major tenants.
Says Steele Canvas Basket owner John Lordan – “We are delighted to continue our long standing relationship with Combined Properties. At the conclusion of this latest lease, Steele Canvas Basket will have called 201 Williams Street home for more than a quarter century. For us, the location and service that Combined Properties offers allows us to meet the needs of our customers in a space that is convenient, cost effective and first class.”
“The property’s amenities, competitive pricing, and proximity to the airport, Cambridge, and downtown Boston are key factors for many tenants,” said Combined Properties’ Greg Regazzini, vice president and director of leasing. “We’re proud that Steele Canvas has been with us for over 25 years and that our property has supported this local company’s success for so long.”
201 Williams Street, Chelsea, is part of is a 250,000 square foot first-class industrial center owned and managed by Combined Properties. Conveniently located in the shadows of the Tobin Bridge, the building offers direct access to Boston/Route 1 and is just five minutes to Logan International Airport. The industrial complex has additional warehouse spaces available, some with generous refrigerated areas, which is a valuable asset in this food-centric area.
Regazzini represented Combined Properties and the tenant was represented by counsel.