Posted: March 13, 2008
Brown of Campanelli Companies brokers 40,000 s/f design/build lease
According to Campanelli Companies, Peter Brown, director of leasing, represented both Mygrant Glass Company and York Trust II, Inc., a unit of general contractor J. D'Amico, Inc., in a long term lease of a new design/build 40,000 s/f warehouse facility to be built by Campanelli Companies. Mygrant Glass, headquartered in Hayward, Calif., will be relocating its Braintree warehouse to the three acre site owned by York Trust II, Inc. on High St. Campanelli Companies will be the turn-key developer for the masonry and steel warehouse. The new building will feature 30 ft. ceiling heights and a custom layout of office, loading and storage capabilities. J. D'Amico, Inc. will be the site contractor.
Tom Higginbottom, zone manager for Mygrant Glass, said, "Campanelli Companies provided a complete service platform with both brokerage and design/build capabilities in locating our new Randolph facility. They found the 'needle-in-the-haystack' site on High St. which improved Mygrant's access to our customer base and simultaneously delivered design/build services. This new energy efficient building increases our storage capacity by 76% with only a 10% increase in space, effectively reducing our storage costs per cubic ft. by an average of 10% over a long term lease...just a fantastic result."
York Trust II's representative, Mike Lenihan, general manager for J. D'Amico, Inc., said, "Pete Brown pulled together a complicated, three party, design/build transaction with a national tenant, Mygrant Glass, and the highly respected Campanelli Companies, delivering a triple win for all parties."
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