Gordon Brothers Group, New Mill Capital Holdings and Odyssey Real Estate Capital, via a joint venture, have acquired the former Sunny Delight bottling plant in Littleton, Massachusetts. Financial terms weren’t announced. The investor group is remarketing the 332,000 square-foot plant, which previously produced beverages such as Veryfine juices, Arizona iced teas, and Smartwater, to other companies.
LITTLETON, Mass.–(BUSINESS WIRE)–A Joint Venture of Gordon Brothers Group of Boston (www.gordonbrothers.com), New Mill Capital Holdings of New York (www.newmillcapital.com), and Odyssey Real Estate Capital of Las Vegas (www.odysseyrealestatecapital.com) has acquired the former Sunny Delight bottling plant in Littleton, MA. The 332,000 square-foot plant, which previously produced beverages such as Veryfine juices, Arizona iced teas, and Smartwater, is being remarketed by the investor group to other companies that can utilize the space. The plant is available with or without the existing bottling equipment.
“We are proud to be the new owners of the Sunny Delight plant in Littleton,” said Robert Maroney, President of Gordon Brothers Commercial and Industrial division. “This is a first-class property that has a lot of unique features. Our team looks forward to working closely together and with the Town of Littleton to help identify prospects that can utilize this plant.”
The plant, as it sits, is a turnkey operation that would allow an existing bottler to be in production in a matter of months. There is a wastewater treatment plant on the property with an active NPDES permit that allows for up to 750,000 gallons per day to be processed. In addition, the plant has a recently installed reverse osmosis system, newly upgraded can and bottling lines, a rail spur, freezer and cooler space, and a modern high-bay warehouse with 25 loading docks.
“I’m not aware of any other available bottling plant in the US that has this kind of modern infrastructure and throughput capacity,” said Gregory Schain, a Principal at New Mill Capital Holdings. “This plant could work excellently for a beverage manufacturer or for many other uses. The space is flexible enough to accommodate lots of different industries and the local workforce is very strong.”
The Sunny Delight plant, better known as the Veryfine plant locally, is a historic property in the Town of Littleton. The plant has been a bottling operation since 1931, and town’s logo includes the Veryfine apple. It has been expanded and modernized several times since, with the bulk of the square footage of the plant being built in the 1980s and 1990s. The plant was owned by Kraft as recently as 2007 before being sold to Sunny Delight.
New Mill Capital has retained Kevin Kelly and David Sours of CBRE’s National Industrial Foods practice, with the goal of identifying a food or beverage processor that can take advantage of the facilities robust infrastructure and return jobs to Littleton. They are being assisted locally by CBRE New England’s Bob Gibson and Douglas Rodenstein.
ABOUT GORDON BROTHERS
Gordon Brothers Group works closely with companies of all sizes across sectors to monetize under-performing and obsolete commercial and industrial assets at any point along the supply chain. This encompasses raw materials for extraction and harvesting, raw materials for processing and manufacturing, machinery and equipment, as well as finished goods. Gordon Brothers has a strong track record for maximizing the value of machinery and equipment and brings an unprecedented combination of marketing, financial, legal and operational expertise to a variety of disposition formats.
ABOUT NEW MILL CAPITAL
New Mill Capital’s forte is providing “comprehensive asset solutions for the industrial marketplace”. Primary services include turnkey acquisitions of closed industrial plants, value-added equipment liquidation and monetization, webcast and online auctions, and traditional sales transactions. NMC has acquired over 10,000,000 square feet of plants since 2011 and has conducted auctions and/or liquidations for industries ranging from food processing and packaging to steel, semiconductor, cosmetics and textiles.
ABOUT ODYSSEY REAL ESTATE CAPITAL
Odyssey is a boutique commercial real estate investment firm providing acquisition, development, asset management and leasing services. Odyssey’s businesses include principal investing and full service advisory / brokerage services. Odyssey primarily focuses on opportunistic investment opportunities in the industrial and office sectors. Since its inception in 2007, Odyssey has acquired / managed over $300 MM worth of commercial real estate assets.