According to Bruce Waters, CCIM, senior broker for McLaughry Commercial, PTLD Partners, LLC purchased 187 Mechanic St. from IS Living, LLC.
The building was the former location of Banagan's snow/skate board company and will be leased in its entirety to Barre Tile Company.
The new owners plan includes extensive renovations to the 8,400 s/f building. Trumball Nelson Construction Co. will be providing construction services for the renovations.
Waters said, "The building location offers fantastic exposure to the local and regional market base. With the new renovations, it will be a facility that the town and Barre Tile Co. will be very proud of."
The purchase was reported to be $415,000 and was financed by Northfield Bank of Barre VT.
McLaughry Commercial represented the owner and assisted the buyer in the transaction