Mergers & Acquisitions

2017

March

Kern House Partners LLC bought a historical, Class A office building at 70 South Winooski Ave. in Burlington from BRP LLC. Duncan Harris of The Kingsland Co. represented the seller. Jeff Kenyon and Lake Point Property Management will manage the building. Present at closing were Kenyon and Harris.

The University of Vermont Health Network–Central Vermont Medical Center unveiled its new orthopedic center at 1311 Barre-Montpelier Road in Berlin. The center houses sports medicine, spine medicine, and podiatry specialists.

Bill Cherry, the owner and brewmaster of Switchback Brewing Co., announced that the brewery’s 30 employees are now partners in ownership. Cherry will remain as brewmaster and president. The move made Switchback the first 100 percent employee-owned brewer in Vermont via an employee stock ownership plan.

Jeff Peck of Peck Investment Properties LLC bought a 12-unit residential property at 961-967 Mill Pond Road, Colchester from RMPR LLC. Grant Butterfield of Nedde Real Estate represented the buyer, and Steve Donahue of Donahue & Associates represented the seller. Present at closing were Peck and Butterfield.

Iron Mountain document storage company leased 35,200 square feet at 11 Morse Drive, Essex Junction, from Peter Morse of Essex Mini Storage. Jed Dousevicz of V/T Commercial represented Iron Mountain.

Michael DeSanto and Renee Reiner, the owners of Phoenix Books with locations in Essex, Burlington, Rutland, and Chester, have bought Woodstock’s Yankee Bookshop from Susan Morgan. Morgan has owned the shop, opened in 1935, since 2001. The name will remain the same, and no drastic changes to the shop are planned except for a few alterations to the floor plan.

Doug Nedde and Fernando Cresta of Nedde Real Estate and Alain Youkel of Youkel Architecture formed Battell Block Partners LLC to purchase the 68,900-square foot Battell Block building at 10 Merchants Row in Middlebury from Battell LLC. Present at closing were Nedde and Bruce Hiland of Battell LLC.


RG Kismet LLC
purchased a 1.75-acre commercial parcel at 373 Blair Park Road, Williston, from People’s United Bank, National Association. Construction is underway for a two-story, 20,000-square-foot commercial building that will house the Williston RehabGYM, Kids’ RehabGYM, and others to be announced. Rick Harrison of J.L. Davis Realty represented the buyer, and Jeff Nick, J.L. Davis, represented the seller.

Grey Birch Investments LLC bought an office building at 141-147 Knight Lane, Williston, from Sandavy LLC. Broker Esther Lotz represented the seller. Present at closing were Dave Enman and Sandy Enman of Sandavy; Bob Rushford, attorney for Sandavy; Matthew Glitman, attorney for Grey Birch; and Lotz.

Kelley Boyer leased a turnkey hair salon, Salon Stylz, at 74 Main St., Essex Junction, from Audrey and Norbert Collins. Rick Harrison of J.L. Davis Realty assisted both parties.

Primary Care Health Partners leased a 4,903-square-foot office space at 66 Knight Lane, Williston, from Mansfield Investments LP.

Home Bridge Financial Services leased 3,600 square feet at 401 Water Tower Circle in Colchester. Fernando Cresta of Nedde Real Estate represented the tenant, and Steve Donahue of Donahue & Associates represented the landlord. •

February

Artisan Vapor Co. leased 2,200 square feet at 18 Pearl St., Burlington, from Guy Nuveau. Kendra Kenney of Donahue & Associates assisted both parties.

Eric Sorkin, co-founder of Runamok Maple in Cambridge, announced that Runamok has acquired the maple candy operation of Bascom Maple Farms in Brattleboro. Henceforth, the candy operation at Bascom Maple Farms will operate under the name True North Maple.

St. Michael’s College opened its new scientific imaging facility in Saint Edmunds Suite 301. The suite features advanced, state-of-the-art technology and is of special interest to the college’s biology, neuroscience, chemistry, environmental sciences, and physics students and faculty. It contains 10 high-end computer work stations for 20 students, each operating scientific imaging and evaluation programs. It also houses the Zeiss Axiolmager, a state-of-the-art microscope with digital image processing abilities. Sign-ups by trained individuals to use the lab can be done via the St. Michael’s website portal.

Inntopia announced its acquisition of DestiMetrics, a leading comprehensive market intelligence provider for the destination leisure travel industry. This follows Inntopia’s merger with Ryan Solutions in November. Ralf Garrison, the founder of DestiMetrics, will continue to work with the combined business.

RJ Murray Co. leased 5,175 square feet of space at 340 Avenue D, Williston, from REM Development. Mike Provost of Donahue & Associates assisted the tenant.

Sterrett Law PLLC, owned by Dave Sterrett, leased space at 300 Cornerstone Drive, Suite 110, in Williston. Jay Mitiguy of Hergenrother Realty Group at Keller Williams, assisted the tenant, and Kelly Statton of Omega Realty assisted the landlord.

Stella Nova LLC bought the building at 293 Main St., Winooski, from 293 Main St LLC. Broker Esther Lotz represented the buyer. Present were Lotz; Denise Myers, 293 Main St LLC; Pui and Paul Ciosek, Stella Nova; and David Greenberg, buyers’ attorney.

802 Distributors leased 4,200 square feet of space for its office and wine distribution business at 187 Commerce St., Williston, from Commerce Street Condominiums LLC. Linda Letourneau of V/T Commercial assisted the landlord, and broker Esther Lotz assisted the tenant.

Generator, the Burlington-supported maker space formerly located in Memorial Auditorium, began the move to its new home at 40 Sears Lane in December. The move was made possible by an investment in infrastructure improvements from Champlain College and a $300,000 capital campaign led by Generator board members Michael Metz and businessman Steve Conant. The new, 8,500-square-foot facility, a renovated portion of Champlain College’s facilities and operations warehouse, is 35 percent larger than the former space. Iron Mountain document storage company leased 35,200 square feet at 11 Morse Drive, Essex Junction, from Peter Morse of Essex Mini Storage. Jed Dousevicz of V?T Commercial represented Iron Mountain.

J.C. Earle, on behalf of 142 Gould Road Holding LLC, purchased a commercial building at 142 Gould Road, Northfield. Linda Letourneau of V/T Commercial brokered the sale.

Pure Audiology LLC leased 1,500 square feet of office and treatment space at 64 Knight Lane, Williston, from CB Realty LLP. Tony Blake and Jed Dousevicz of V/T Commercial assisted the both parties.

Somalabs leased 16,800 square feet at 44 Miller Lane, Williston, from REM Development Co. Tony Blake of V/T Commercial assisted the tenant, and Stephanie Miller Taylor of REM represented the landlord.

Nectar & Root LLC leased space for a new location at 7 West Canal St., Winooski, from Sisters & Brothers Investment Group LLP. Broker Esther Lotz facilitated the agreement. Present were Erin Ostreicher of Nectar & Root, and Lotz.

Morgan Stanley Smith Barney Financing leased office space at 82-92 Merchants Row, Rutland, from O.R. Parker Inc. Bill Kiendl of V/T Commercial brokered the lease.

Vermont Tent Co. leased 10,800 square feet of warehouse space at Building 5, 67 Boyer Circle, Williston, from Vermont Commercial Warehouse. Tony Blake of V/T Commercial assisted the landlord and tenant. •

January

The 490,000-square-foot retail center Maple Tree Place in Williston was sold to Cypress Equities by Retail Partners of America for $90 million. It is Cypress Equities’ first New England property.

Ideas Well Done leased 5,808 square feet of office space at 1891 Williston Road, South Burlington, from Fernando Cresta and Doug Nedde of Nedde Real Estate. Cresta brokered the lease, and Meg McGovern of Donahue & Associates assisted the tenant. Present at closing were: Cresta; Stephen Bogner, Ideas Well Done; and McGovern.

Rutland Regional Medical Center opened its newly built meditation center on the first-floor Main Street corridor in honor of Dr. Arthur and Florrie Wolk. The meditation center is open for patients, families, and staff 24 hours a day, seven days a week.

Community Health Centers of Burlington’s Keeler Bay Health Center in South Hero is now in a newly constructed building at 260 U.S. 2, operating as the Champlain Islands Health Center. Jun Fu, M.D., joined the provider team and is accepting new adult patients.

Artisan Vapor Co. leased 2,200 square feet at 18 Pearl St., Burlington, from Guy Nuveau. Kendra Kenney of Donahue & Associates assisted both parties.

Stella Nova LLC bought the building at 293 Main St., Winooski, from 293 Main St LLC. Broker Esther Lotz represented the seller. Present at closing were: Lotz, Denise Myers, 293 Main St LLC; and Pui and Paul Ciosek, Stella Nova.

Old Soul Barber Shop leased 1,000 square feet at 164 Main St., Winooski, from Ralph Bernadini. Kendra Kenney of Donahue & Associates assisted both parties.

Overlake Park LLC purchased three commercial buildings composed of 30,500 square feet located at 257-277 Pine St. and 266 South Champlain St., Burlington, from Bent Partnership. Bill Kiendl and Chris Sherman of V/T Commercial assisted both parties. Present at closing were: Nigel Mucklow, Brent Partnership, and Jesse Jacobs, Overlake Park; David Bookchin, Tedh Chamberlain, Gary Lang, Kiendl, and Sherman.

New England Medicine & Counseling PLLC leased 1,600 square feet at 10 East St. in Winooski from Myers Crete Realty. Kendra Kenney of Donahue & Associates assisted both parties.

In August, Ski Magic LLC, consisting of a Vermont-based group of investors, concluded a purchase and sale agreement for all the property and assets of the legendary 709-acre Magic Mountain Ski Area in Londonderry with Magic Mountain Management LLC. The agreement provided for 2016-17 season preparatory work, including repairs to reopen Magic’s second summit lift, which had not operated for two years.

BTV Garages LLC leased 5,800 square feet at 8 Berard Drive, South Burlington, from A&C Realty Inc. Broker Esther Lotz made the announcement. Present at closing were: Bob and Michelle Jennings, BTV Garages, and Lotz.

Ellis Boxer Blake Attorneys PLLC leased space at One Lawson Lane, Burlington, from Lawson Lane Associates. Kendra Kenney of Donahue & Associates assisted the tenant, and Lawson Lane Associates represented itself.

Joyce Fong, the owner of Joyce’s Noodle House in Essex, bought property at 22 Main St., Winooski, from Demetrio Michaelides. Fong will open a second Noodle House there. Chris Sherman of V/T Commercial represented the seller.

The University of Vermont Extension leased 3,291 square feet of office space at 140 Kennedy Drive, South Burlington, from HVM Corp. Tony Blake of V/T Commercial assisted both parties.

Strategic Risk Solutions leased 11,767 square feet at the Howard Opera House, 159 Bank St., Burlington, from Howard Opera House Associates. The top-floor space was the home of Bruegger’s Bagels administrative offices. Bill Kiendl of V/T Commercial represented the landlord, and Yves Bradley of Pomerleau Real Estate represented the tenant.

Teachers Insurance Annuity Association of America leased 3.580 square feet of office space at Maple Tree Place in Williston from Cypress Equities. Bill Kiendl of V/T Commercial assisted both parties.

Mediware Information Systems leased 6,685 square feet of office space at Maple Tree Place, Williston, from Cypress Equities. Tony Blake and Bill Kiendl of V/T Commercial represented the landlord, and Greg Dirmaier of J.L. Davis Realty represented the tenant.

Long Point Road LLC purchased 448 Long Point Road, North Ferrisburgh, a 7,420-square-foot industrial building on a .73-acre lot. Rick Harrison of J.L. Davis Realty represented the seller, Long Point Road LLC.

RG Kismet LLC bought a 1.75-acre commercial parcel of land at 373 Blair Park Road, Williston, from People’s United Bank, National Association. Construction is underway for a 20,000-square-foot commercial building that will house the Williston RehabGYM,, Kids’ RehabGYM, and other tenants. Rick Harrison of J.L. Davis Realty represented the buyer, and Jeff Nick of J.L. Davis represented the sellers.

Kelly Boyer leased a turnkey hair salon, Salon Stylz, at 74 Main St., Essex Junction, from Audrey and Norbert Collins. Rick Harrison of J.L. Davis Realty assisted both parties.

Primary Care Health Partners leased a 4,903-square-foot office space at 66 Knight Lane, Williston, from Mansfield Investments LP. Rick Harrison of J.L. Davis Realty represented the landlord, and Tony Blake of V/T Commercial represented the tenant. •