Mergers & Acquisitions

2019

January

New Duds Inc., a commercial screen printing company, leased 8,089 square feet at 382 Hercules Drive, Colchester, from Todd Realty. Linda I. Letourneau of V/T Commercial and Dave Kelly of HighPoint Realty assisted both parties.

Matt and Caroline Corrente of Corrente LLC bought the Lobby Restaurant in Middlebury. Bill Kiendl of V/T Commercial and Johnny Beal of Vermont Business Brokers represented the seller, and Jed Dousevicz of V/T Commercial assisted the buyer.

Eric Warnstedt and Will McNeil, owners of Hen of the Wood and Doc Ponds, bought Prohibition Pig from Chad Rich. This brings to four the number of restaurants the partners own.

Suicide Six Ski Area at the Woodstock Inn & Resort invested $400,000 to upgrade its snowmaking infrastructure for the 2018/2019 season with the installation of 10 TechnoAlpin snow producers. The installation fully automates snow production on The Face, the mountain’s signature trail, and the ski and snowboard learning center. West Meadow Farm Bakery LLC has leased space at the Essex Town Center, 4 Carmichael St., Essex, from Town Center LLC. Broker Esther Lotz was the tenant’s broker-consultant. Pictured are Lotz (left) and Lois Blaisdell, West Meadow Farm Bakery.

Champlain Valley Dispensary Inc. leased a 2,775-square-foot commercial space at 2 Green Tree Drive, South Burlington from Pidgeon Farm Properties. Rick Harrison of J.L. Davis Realty represented the landlord, and David Curley of J.L. Davis assisted the tenant.

Eric Bibens II Revocable Trust purchased a 1,700-square-foot office condominium at 85 Prim Road, Unit 402, Colchester, from Strategic Benefits Group. Rick Harrison of J.L. Davis Realty represented the buyer, and David Curley of J.L. Davis represented the seller.

Adams Real Properties LLC bought a 41-acre parcel of land at 700 Mountain View Road, Williston, from GlobalFoundries U.S. 2 LLC. Rick Harrison of J.L. Davis Realty represented the seller.

The State of Vermont renewed its office lease for 36,540 square feet at the GlobalFoundries Essex Junction campus at 1000 River St. Rick Harrison of J.L. Davis Realty assisted the landlord.

Vermont Sandwich Co. Inc. leased a 1,995-square-foot commercial space at Maple Tree Place in Williston from BSREP II Cypress MT LLC. Rick Harrison of J.L. Davis Realty assisted the tenant, and Steve Donahue of Donahue & Associates assisted the landlord.

East Coast Flooring and Window Treatment Inc. leased a 2,500-square-foot warehouse space at 41 Commerce St., South Burlington, from Joe Eddy Holdings LLC. Rick Harrison of J.L. Davis Realty assisted both parties.

Howard Center leased 4,000 square feet at 60 Knight Lane, Williston, from Lewis Family Partnership LLP. Rick Harrison of J.L. Davis Realty and Yves Bradley of Pomerleau Real Estate assisted the landlord, and Michael Simoneau of Geri Reilly Real Estate assisted the tenant.

Accu-Rite Payroll Services of Colchester announced its merger with ConnectPay. Founded by Paul Altavena and Michael Young in 2008, ConnectPay is a regional company covering mostly Massachusetts, Vermont, and New Hampshire. Annual reporting, quarterlies, W2s, etc., will be done as in the past on Accu-Rite’s software. ConnectPay will maintain Accu-Rite’s fee structure through 2019. Mansfield Apartments LLC bought commercial land at 142 and 144 Knight Lane in Williston from Lewis Family Partnerships LLP for the construction of a 31-unit residential apartment building. Yves Bradley of Pomerleau Real Estate represented the seller, and Rick Harrison of J.L. Davis Realty represented the buyer.

Vermont Emergency Medical Services LLC leased a 6,850-square-foot stand-alone commercial building at Building 900, Robinson Parkway, Essex Junction, from GlobalFoundries U.S. 2, LLC. Rick Harrison of J.L. Davis Realty assisted the landlord.

EJ Property Holdings LLC bought Unit 31, Essex Towne Marketplace, Essex Junction, from Richard L. and Christine M. Wheatley. Broker Esther Lotz represented the seller, and Linda I. Letourneau of V/T Commercial represented the buyer. Pictured from left: Letourneau; Phillip O’Connor, EJ Property Holdings; attorney Edward D. Fitzpatrick; and Lotz. •