MassDevelopment Bond Helps Patriot Armored Systems Buy, Expand Facility

MassDevelopment has issued a $2,646,000 tax-exempt bond on behalf of Patriot Armored Systems Holding LLC, a real estate entity affiliated with glass manufacturer Patriot Armored Systems. Patriot Armored Systems currently leases 45,000 square feet of office and manufacturing space at 100 Valley Street in Lee. The company’s real estate entity will use bond proceeds to buy the building and construct a 7,500-square-foot addition, allowing Patriot Armored Systems to expand its manufacturing operations and hire 13 additional employees. Berkshire Bank purchased the bond. Read more of this press release here >>