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News:
Owners Developers & Managers
Posted: December 4, 2020
Bongiorni of SR Commercial Realty brokers $1.155 million sale of historic mill building
Wilbraham, MA Paul Bongiorni of SR Commercial Realty was the sole agent in the sale of a mill-style industrial property at 176 Cottage Ave.
The property was formerly the Collins Manufacturing Company, which once produced paper for writing and currency. More recently, it was home to a plastics manufacturing company and other small businesses.
Located on nine acres abutting the Chicopee River, the building features a solar array and several outbuildings. The adjacent hydroelectric dam that once provided power to the building was sold in a separate transaction earlier this year.
The buyer is a local investor and plans to rehabilitate the property for potential storage and industrial uses.
The building was built circa 1876 and has 199,533 s/f of usable area, according to public record. The sale price was $1.155 million.
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