Mergers & Acquisitions
KLR Enterprises bought Jeff’s Maine Seafood restaurant at 65 North Main St., St. Albans, from Wild West Enterprises. Tony Blake of V/T Commercial assisted all parties.
PT 360 leased 4,748 square feet of space at Shelburne Green from Shelburne Green LLC for a third location. Mike Provost of Donahue & Associates assisted both tenant and landlord. The space contains a full-service physical therapy clinic including a salt water therapy pool Present were Provost; Julie Clayton, Erin Miceli Adams, and Mary Steiger, owners of PT 360; and Graham Goldsmith Jr., landlord.
Addison Respite Care Home Ltd. announced the opening of The Addison Room, the third end-of-life-care suite at Helen Porter Healthcare and Rehabilitation Center in Middlebury. The rooms, funded by ARCH, offer a home-like setting for care.
A.M. Peisch & Co. LLP announced the acquisition of the public accounting practice Cota CPA PC, which was established in 1983 by Raymond S. Cota, CPA. Cota will work from A.M. Peisch’s office in Colchester. He is licensed in Vermont, New Hampshire, and New York. Justin Wolcott also joined A.M. Peisch as senior accountant. He worked for Cota from 2006, when he received his bachelor of science in accounting and business administration from Plattsburgh State University.
RE/MAX Winning Advantage in Rutland acquired Century 21 Premiere Properties, also in Rutland. The franchise name will change to RE/MAX Premiere Properties and open its doors at 210 South Main St. The acquisition will give the company the Number 1 market share by volume and units in Rutland County. The broker/owner of RE/MAX Premiere Properties is Ed Patch.
The Green Life leased 1,800 square feet of retail space at 151 Cherry St., Burlington, from Quinn Properties LLC. Anthony Shaw of Queen City Real Estate represented the tenant, and Yves Bradley of Pomerleau represented the landlord. Present were Shaw and Mike Hassenberg of The Green Life.
Juliette and Tim Britton announced the reopening of J.J. Hapgood General Store in Peru after it had been shuttered for nearly five years. The Brittons moved back to Peru from Boston about 10 years ago to start a family. They bought and completely rebuilt the store, which now includes a hand-built wood oven by artisan Peter Moore, tables and benches made from local sugar maple, and custom cabinets designed by local artists. J.J. Hapgood offers a community event space, plus organic Vermont Coffee; penny candy; and maple syrup, cheeses, meats, and produce from local farms. Vermont-brewed Aqua Vitea kombucha and local craft beers are on tap. The wood-fired eatery will be managed by Albert Sabatini, a farmer and chef from Pendle Hill in Pennsylvania.
Richard Electric Inc. leased a new location at 3099 Williston Road, South Burlington, from Hennigar Holdings LLC. Broker Esther Lotz was the listing agent. Present were Lotz; Brian Richards, Richard Electric; Curt Hennigar and Matt Hennigar of Hennigar Holdings.
Community Mutual Insurance Co. of East Schodack, N.Y., announced its affiliation with Union Mutual of Vermont Companies. Union Mutual’s A.M. Best Co. rating of A Minus Stable has been extended to Community Mutual. Michael Nobles, Union’s chief operating officer, has become CEO of Community. Thomas White, president of Community Mutual, will remain in that capacity. Other officers of Community Mutual under the affiliation are Jennifer Galfetti, treasurer, and Lisa Keysar, secretary. •
Saslow Lufkin & Buggy, a certified public accounting firm, leased 5,700 square feet at 40 Main St., Burlington, from Investors Corporation of Vermont. Tony Blake of V/T Commercial acted as tenant representative.
Libra Health Enterprises leased 2,725 square feet at 126 College St., Burlington, from Investors Corporation of Vermont. Libra has opened a spinning studio and raw juicery and smoothie bar. Tony Blake of V/T Commercial announced the transaction.
Wellness Collective leased office space at the Maltex Building, 431 Pine St., Burlington. Jed Dousevicz of V/T Commercial represented the tenant, and Yves Bradley of Pomerleau Real Estate represented the landlord.
Gannett Vermont Publishing (Burlington Free Press) leased 15,280 square feet at 100 Bank St., Burlington, from MP Properties. Bill Kiendl of V/T Commercial assisted both parties.
SSG Advisors leased 4,154 square feet of office space at the Chace Mill, One Mill St., Burlington, from Catamount Holding Co. Bill Kiendl of V/T Commercial represented the tenant, and Linda I. Letourneau of Redstone represented the landlord.
White + Burke Real Estate Advisors leased 3,388 square feet of office space at 40 College St., Burlington, from Milot Properties. Bill Kiendl of V/T Commercial assisted both parties.
New England Federal Credit Union announced the opening of its new, state-of-the-art St. Albans branch at 295 Tuckers Way. Construction began on May 10, when representatives from NEFCU and Bread Loaf Construction Co. broke ground. Services at the full-service facility include tellers; consumer, mortgage, and commercial lending; deposit accounts and services; three drive-up lanes with two tellers and an ATM; insurance and investment services; a walk-up ATM, and a member self-service area.
Don Weston bought the property at 52-56 Williston Road from Greg Alling and Danielle Hogan. Jed Dousevicz of V/T Commercial and Brad Dousevicz of Dousevicz Real Estate represented the sellers. Present were Jed Dousevicz and Greg Alling.
DW Properties LLC bought a 16,943-square-foot commercial office building at 212 Battery St., Burlington, from 130 South Willard Street Partnership. Bill Kiendl and Tony Blake of V/T Commercial assisted all parties. •
Dealer.com and Dealertrack Technologies announced a definitive agreement for Dealertrack to acquire Dealer.com. Under the agreement, Dealertrack will acquire all the equity of Dealer.com for approximately 8.7 million shares of Dealertrack’s common stock and $620 million in cash, subject to customary post-closing adjustments. The deal is expected to close in the first quarter of 2014, subject to regulatory approval. Dealertrack, based in Lake Success, N.Y., delivers intuitive, Web-based software solutions and services for management, inventory, sales and finance, interactive, and registration and titling for automotive retailers. Upon closing, Rick Gibbs, chief executive officer of Dealer.com, will become executive vice president and group president of Dealertrack’s digital marketing solution team.
A&D Investments LLC bought 2.39 acres of industrial land at 5256 Williston Road in Williston from Alling-Hogan. NBT Bank of Burlington financed the transaction. Broker Esther Lotz represented the buyer. Present were Don Weston, A&D Investments; Dan Johnson of NBT Bank; and Lotz.
Bill Orleans, the owner of PP&D, announced the acquisition of 19 brochure distribution locations, including the staffed kiosk on the Church Street Marketplace in Burlington, and five Lake Champlain Ferry docks in Vermont and New York from Brant Dinkin, the owner of the Information Gallery and Blue Map. Kit Antinozzi is now PP&D’s sales director; Chuck Conn will deliver brochures; and George Commo and his staff will still be at the Church Street information booth.
JKDA Properties LLC bought a commercial office condominium at Unit #22, Essex Towne Marketplace, Essex, from DK Properties LLC. Broker Esther Lotz represented the seller. Present were Don Tougas, DK Properties; Zach Chambers, JKDZ Properties; and Dolma Bhutia, JKDZ Properties.
Data Innovations LLC acquired the assets of Dawning Technologies Inc., a supplier of connectivity solutions to the clinical laboratory market with headquarters in Fort Myers, Fla. The purchase expands Data Innovations’ existing offerings to better serve the needs of clinical and physician-office laboratories. •