$2M Investment proves lucrative for Landlord and Millipore Sigma
SOUTH WINDSOR, CT October 27, 2022
Millipore Sigma, a division of MERCK, is expanding their facilities at Drumlin Industrial Park, 81 Fitzgerald Drive, Jaffrey, NH by approximately 23,000 SF of warehouse and office space. Millipore Sigma has been a tenant at the property for approximately four years occupying nearly 40,000 SF. Due to their rapid growth at the location, they needed to secure additional space. The property owner and real estate investor, Daniel Rosow, negotiated the expansion of their current footprint.
Millipore Sigma has been operating a state-of-the art facility in the town of Jaffrey, NH for many years. Due to its immediate proximity to the facility, the property at Drumlin Industrial Park was a logical and organic expansion location for the company. The new expansion into the warehouse and office areas will benefit the landlord and the tenant, and solidify the company’s presence in town. AHO Construction who worked with the landlord on the initial build out for Millipore will again serve as General Contractor for the new expansion project.
When Daniel Rosow took over its ownership and management, the 95,000 square foot facility at Drumlin Industrial Park had been nearly vacant after two major operators had shut down. With strong financial support from Community Bank, NA of Springfield, MA, the property has since undergone major improvements worth approximately 2 million dollars, with another one million scheduled to be invested in the near future.
“We were able to turn a dormant property into a very successful location for our tenants and the region,” commented Rosow. Upon completion of the project, the property will be fully leased to Millipore Sigma, Spectral Systems, DD Bean, and Swing Labels, with long term, strong market rate leases.
Drumlin Industrial Park is only one of Rosow’s investments. He is also a successful real estate broker, based in South Windsor, CT and licensed in CT, MA, NY and RI. His real estate brokerage company, Real Estate Advisory Group LLC, is actively representing landlords, tenants, and real estate investors in leasing, acquisition and sales of commercial properties.
Real Estate Advisory Group NE is a commercial real estate brokerage, investment, consulting, and management company located in South Windsor, CT. The firm has a combined experience spanning 35 years across 15 states, and over 80 transactions valued in excess of $250M. REAG NE buys, sells, and leases commercial, retail and industrial buildings, and currently manages over 600,000 SF throughout the northeast. They specialize in repositioning under-performing or distressed assets into thriving successful ventures for investors, tenants, and their communities. If your business is looking for expert guidance, new locations, management of your commercial properties, or answers to any real estate questions, please call Dan Rosow, Teo Rotaru, or Belinda Sadiku at 860-305-7466 for creative solutions. If we can’t help you, we know who can. www.reagne.com