MERRIMACK, NH (FEB. 15) – Hackman Capital announced today that its tenants at Daniel Webster Industrial Center may be eligble for tax credits, thanks to the recent Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Program, approved for the Town of Merrimack in December 2010.

The ERZ designation is intended to stimulate economic redevelopment, expand the commercial and industrial base, create new jobs, reduce sprawl and increase tax revenues within the state by encouraging economic revitalization in designated areas. Tax credits provided by the program may be used against a tenant's Business Profit Tax and Business Enterprise Tax in a qualifying Economic Revitalization Zone Tax Credit (ERZ Tax Credit) Program project.

There are no requirements or encumbrances imposed on any of the properties located within the new designation. Use of the tax credit provision is entirely at the property owners or tenant's discretion.

"The ERZ Tax Credit Program is not only good news for our existing Merrimack tenants, but it will give prospective tenants another good reason to relocate to our facilities at 57 and 59 Daniel Webster Highway, " said Michael Hackman, Founder and CEO of  Hackman Capital. Hackman Capital is the asset manager for Daniel Webster Industrial Center, which is part of the National Industrial Portfolio, a joint venture among entities formed by Hackman Capital, Calare Properties, Inc. and KBS Real Estate Investment Trust I (KBS REIT I).

The Daniel Webster Industrial Center still has 384,587 square feet of flexible, high-tech space available for distribution, manufacturing and office/lab use, and touts such key amenities as robust infrastructure, heavy power, clear heights up to 30 feet, abundant loading, rail service and a prime location off the F.E. Everett Turnpike.

Learn more about 57 Daniel Webster Highway and 59 Daniel Webster Highway.

Media Contact: Eleanor Moriarty, Hackman Capital, 310-943-8715, emoriarty@hackmancapital.com

For information about leasing space at Daniel Webster Industrial Center contact: Phil Smith, Leasing Director, 978- 658-0100, phil@calare.com

For more information about The ERZ Tax Credit Program click here.