Mergers & Acquisitions

2012

February

Planned Parenthood of Northern New England Inc. leased a 2,100-square-foot medical office space at 75 Talcott Road, Williston, from ALBEM LLP. Rick Harrison of J.L. Davis Realty was the listing broker, and Yves Bradley of Pomerleau Real Estate was the leasing broker.

The Northeast Kingdom Chamber of Commerce signed a long-term lease to move its office into the Green Mountain Mall in St. Johnsbury Center, directly across from the entrance to JC Penney. According to Darcie McCann, executive director of the Chamber, construction has begun. The new space will include a computer resource center for businesses, sponsored by the Vermont Department of Labor, St. Johnsbury Academy’s continuing education program, and the Chamber. Pictured at the new space is Barbara Olden, past president of the Chamber.

Vtrim, an online weight-loss program, leased 2,200 square feet of office space in Middlebury from Foster Real Estate Development. Duncan Harris of Redstone represented the landlord and procured the tenant.

The Stern Center for Language & Learning bought a 3,900-square-foot condominium at 183 Talcott Road, Williston, from John Hausner and Norma Marcellino. The Stern Center also bought a 12,000-square-foot office condominium at the same address from Planned Parenthood of Northern New England. Rick Harrison of J.L. Davis Realty represented the Stern Center, and Yves Bradley of Pomerleau Real Estate, represented the sellers.

The state of Vermont leased 40,865 square feet of office space at the Champlain Valley Technology & Innovation Park, Building 967, 100 River Road, Essex Junction, from IBM Corp. Rick Harrison of J.L. Davis Realty was the listing and leasing broker.

The American Red Cross of Vermont and New Hampshire Valley leased a 3,200-square-foot unit at 195 Flynn Ave. in Burlington from Chittenden Solid Waste District. Duncan Harris of Redstone represented the landlord and procured the tenant.

Julbo USA Inc. leased 6,200 square feet of warehouse and office space at 296 Avenue D, Williston, from R.E.M. Development Co. LLC. Rick Harrison of J.L. Davis Realty was the leasing broker, and Stephanie Miller Reiskin of R.E.M. represented the landlord.

A 7,661-square-foot office space at White Cap Business Park, 426 Industrial Ave., Williston, was leased by ipCapital Group. The landlord is White Cap Ventures LLC. Rick Harrison of J.L. Davis Realty was the leasing broker, and Yves Bradley of Pomerleau Real Estate was the listing broker.

Combat Fitness MMA leased a 5,000-square-foot unit from Hillside Properties at 276 East Allen St., Winooski. Duncan Harris of Redstone assisted both parties.

Broker Esther Lotz announced that Quality Metal Products leased a manufacturing at 156 Brentwood Drive, Unit 2, Colchester, from Jeffrey Jimmo. Pictured: Lotz and Ken Mahl of Quality Metal products.

Bill Orleans, president of PP&D Brochure Distribution, announced the acquisition of Kingdom Brochure Distribution in the St. Johnsbury, Newport, and Jay regions of Vermont. Raymond Menard has owned and operated Kingdom Brochure Distribution, founded in 1994, for 10 years. The company’s 40-plus locations will be added to PP&D routes.

The Addison Independent has acquired the Mountain Times, the Killington weekly formerly owned and published by Royal Barnard. Angelo Lynn, publisher of the Independent, made the announcement. The Times’ circulation area is the southernmost of the group of western Vermont newspapers owned by Lynn and his brother, Emerson Lynn. Polly Lynn, Angelo’s daughter, is publisher of the Mountain Times.

James Edward Co. LLC bought a 32,000-square-foot facility at 716 Pine St., Burlington, from Burlington R. Associates LLC. The buyer will renovate it to be used for manufacturing by Lake Champlain Chocolates. Linda I. Letourneau of Redstone was the listing broker, and Doug Nedde of Redstone participated. The purchase was funded by TDBank and Vermont Economic Development Authority.

Independent Tax Services Inc. leased a 731-square-foot office space at the Chace Mill, Suite 140, 1 Mill St., Burlington, from Catamount Holding Co. Jade Mountain Wellness leased 984 square feet at Suite 302, and Creative Women LLC leased 856 square feet in suites 318, 322, and 314. Linda I. Letourneau of Redstone was the listing and leasing broker representing the owner on all three transactions.

Dorset Development LLC bought the original Sirloin Saloon Restaurant in Manchester Center from DWH II LLC. The iconic 8,800-square-foot facility, opened by Tony Perry in 1963, operated continuously for nearly 50 years. Bill Kiendl and Tony Blake of V/T Commercial represented the seller, and Bob Stannard of Phoenix Commercial represented the buyer.

Retro Motion Media leased a 1,200-square-foot office unit at 312 Commerce St., Williston, from Commerce Commercial LLC. Duncan S. Harris of Redstone represented the landlord and procured the tenant.

Commerce Commercial LLC leased a 1,200 square-foot warehouse space at 338 Commerce St., Williston, to Chagnon Interior Contracting and a 1,200 square-foot warehouse space to Champlain Valley Hardscapes. Duncan S. Harris of Redstone represented the landlord, and broker Esther Lotz procured both tenants.

The law firm of Carroll & Scribner leased 3,574 square feet of office space on the third floor of 131 Church St., Burlington, from 131 Church Street LLC. Bill Kiendl of V/T Commercial represented the tenant, and Steve Donahue of Donahue & Associates represented the landlord.

A&S Brewing Collaborative leased office space in the historic Stone Store building at 209 Battery St., Burlington, from Stone Store Holdings LLP. Bill Kiendl and Tony Blake of V/T Commercial assisted the landlord, and Yves Bradley of Pomerleau Real Estate assisted the tenant.

Vermont Pathways to Housing Vermont leased a 952-square-foot office suite at Lakewood Commons, 1244 Shelburne Road, South Burlington, from Green & Coil LLC. Tony Blake of V/T Commercial assisted both parties.

Transcend Manufacturing leased 4,500 square feet at 156 Acorn Lane, Colchester, from Catamount East Development Co. Jed Dousevicz of V/T Commercial and broker Esther Lotz assisted both parties.

Great Northern Stereo leased space at Shelburne Plaza at IDX Drive in South Burlington to house its administrative offices. Tony Blake of V/T Commercial represented the tenant, and Mike Provost of Donahue & Associates represented the landlord.

Waterbury Grocery LLC executed a lease to operate the 20,850-square-foot supermarket in the Waterbury Shopping Center. Bradford Worthen of V/T Commercial represented the tenant, and Yves Bradley of Pomerleau Real Estate represented the landlord, Pomerleau Properties Inc.

Saratoga Olive Oil of Saratoga Springs, N.Y., leased retail space at 86 Church St., Burlington, as a second location for its selection of olive oils and accessories. Averill Cook of V/T Commercial represented the landlord, Grandview Farms, and Tom Raub of Hickok & Boardman Commercial Realty represented the tenant. •

January

Aon Services Corp. leased 11,925 square feet of office space at 76 St. Paul St., Burlington, from Milot Properties. Aon also leased 4,200 square feet at 86 St. Paul St., from Misty Meadows Farms Inc. Bill Kiendl of V/T Commercial represented Aon in both transactions.

MAXIMUM Inc. leased 8,436 square feet of office space on the third floor of 101 Cherry St., Burlington, from General Growth Properties. Bill Kiendl of V/T Commercial assisted the landlord and the tenant.

The law firm of Carroll & Scribner PC leased 3,200 square feet of office space on the top floor of 131 Church St., Burlington. Bill Kiendl of V/T Commercial represented the tenants, and Steve Donahue of Donahue & Associates represented the landlord, 131 Church Street LLC.

Beth Anne McFadden, the owner of McFadden Academy of Irish Dance, leased a 2,110-square-foot dance studio at 1193 South Brownell Road, Williston, from Larry Williams Sr. and the Berta Williams Trust. Linda I. Letourneau of Redstone was the listing broker. McFadden was represented by John Shannon of Wynne Associates Inc.

Broker Esther Lotz announced that Josh Hamel of Smart Fuel LLC leased a warehouse at 60 Gonyea Road, Suite 103, Milton, from JBS Industrial Park LLC.

The Radiology Society of North America leased 1,197 square feet of office space at The Maltex Building, 431 Pine St., Burlington, from The Maltex Partnership. Linda I. Letourneau of Redstone and Yves Bradley of Pomerleau Real Estate were the leasing brokers, and the tenant was represented by Tony Blake of V/T Commercial.

Estelle LeClair, the owner of Essex Physical Therapy, announced the expansion of her business to accommodate a state-of-the-art pool facility using water resistance in multiple treatment stations. It is the first pool of its kind in the country. The project added 2,100 square feet to the facility, built by Dousevicz Construction; inside fit-up was done by LeClair Handyman Services, owned by LeClair’s husband.

Carol Kiewit Leinwohl leased a 736-square-foot office space at The Chace Mill, Suite 236, 1 Mill St., Burlington, from Catamount Holding Co. Linda I. Letourneau of Redstone was the listing and leasing broker.

Marketing Partners leased 2,340 square feet of office space on the waterfront at 174-176 Battery St., Burlington, from Stern Properties. Linda I. Letourneau of Redstone was the listing and leasing broker.

Peter Hans

Peter Hans, president of Resort Maps Franchise Inc. of Waitsfield, announced the acquisition of Discovery Map International of La Conner, Wash. Both companies have published visitor maps of popular destinations for more than 25 years. The combined company will have 90 independent owners in 150 markets in 33 states and four countries. Victoria Starr, the owner of Discovery Map International, will remain involved in the new company, which will maintain offices on both coasts, with headquarters in Waitsfield.

Microcosm leased 1,800 square feet of office space at 140 Webster Road, Shelburne, from Larry Williams Sr. Property Management. Linda I. Letourneau of Redstone was the listing and leasing broker. Peter Kidd leased 1,625 square feet of warehouse space at the same address. Letourneau was the listing broker.

Miller Realty Group LLP purchased 20 acres of land at the Catamount Industrial Park in Milton from the Greater Burlington Industrial Corp. The site will become the location of a 126,000-square-foot distribution center for Gardener’s Supply Co. Pictured are Brad Worthen (left), who represented Miller Realty; Stephanie Miller Reiskin of Miller Realty; and Frank Cioffi and Seth Bowden, GBIC.

Silverlake Wealth Management bought a 3,624-square-foot commercial office condominium at the Allen Brook Building, 33 Blair Park, Williston. Tony Blake of V/T Commercial represented the seller, and Duncan Harris of Redstone represented the buyer. Pictured, from left, are Joel Dube, Northfield Savings Bank; Rick Briand, Silverlake; Harris; Bob Eddy, Silverlake; and Blake.

Vermont Naturopathic Clinic PLC leased a 1,788-square-foot medical office space at 41 IDX Drive, Suite 220, South Burlington, from Plaza Investments. Linda I. Letourneau of Redstone was the leasing broker, and Rick Harrison of J.L. Davis Realty was the listing broker.

Wild Clover Photography leased 650 square feet of studio space at 200 Main St., Burlington, from Constantine Poulos. Linda I. Letourneau of Redstone was the listing and leasing broker.

Patterson Fuels of Richmond bought LaCross Fuels Inc. of Burlington. The transaction was managed by John Stimets of Country Business Inc.

Heritage Automotive Sales Inc. leased a 2,500-square-foot industrial space at 41 Commerce Ave., South Burlington, from Joe Eddy Holdings LLC. Rick Harrison of J.L. Davis Realty was the listing and leasing broker.

International Health Consulting Inc. leased a 1,410-square-foot commercial space at Shelburne Square, 41 IDX Drive, South Burlington, from Plaza Investments. Rick Harrison of J.L. Davis Realty was the listing and leasing broker.

Full Spectrum Health Care Co. leased a 1,102-square-foot medical office space at 1 Kennedy Drive, South Burlington, from ALBEM LLP. Rick Harrison of J.L. Davis Realty was the listing and leasing broker.

Attorney Nanci A. Smith leased 1,000 square feet of office space at 28 Day Lane, Williston, from Mansfield Investments LP. Rick Harrison of J.L. Davis Realty was the listing and leasing broker.

New England Medical Systems Co. leased 4,000 square feet of office and warehouse space at 589 Avenue D, Williston, from R.E.M. Development Co. LLC. Rick Harrison of J.L. Davis Realty was the leasing broker, and Stephanie Miller Reiskin of R.E.M. represented the landlord. •