News:
Construction Design & Engineering
Posted: September 20, 2019
Dacon Corp. and New Mill Capital break ground on $7.5 million distribution facility at the former Ardagh glass manufacturing plant
Greg Schain, New Mill Capital; Ross Finn, Joseph Finn Company; Rick Schuhwerk, Newmark Knight Frank and Jason McLevy, Dacon.
Milford, MA Dacon Corp. and New Mill Capital broke ground on a $7.5 million renovation to the former Ardagh glass manufacturing plant at 1 National St. As one of Ardagh Group’s 13 U.S. manufacturing plants in operation from 1972 to 2017, this 47-year-old, 322,000 s/f facility situated on 34 acres was purchased by New Mill Capital in 4th quarter of 2018 to be transformed into a modern distribution center in response to Metro Boston’s growing facility demand.
As one of the nation’s largest asset development firms, New Mill Capital has a keen eye for investing in turn around properties. With clientele focused in the food and beverage, personal care, packaging, plastics, metalworking and general manufacturing sectors, New Mill handles disposition for both equipment and property assets.
Planned improvements for this facility include new insulated metal panel siding, roof insulation and TPO membrane, fire suppression system, heating and electrical. Additionally, 12 loading docks with 30,000 lb. levelers and full site paving are planned. Major demolition and construction activities commenced in July.
Completion of the restoration is anticipated by end of this year.
Newmark Knight Frank represented New Mill Capital in the purchase of 1 National St. and are the exclusive agents for this project.
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