Mergers & Acquisitions

2008

May 2008

Duncan Harris , of Redstone announced the leasing of 2,300 square feet at the Star Mill building in Middlebury by CitiFinancial . Harris represented the landlords, Dierdre Holmes and Jacob Edgar . CitiFinancial is opening 1,500 locations across the country. Jed Dousevicz of V/T Commercial represented the tenant.

KLA Tencor leased 875 square feet at 875 Roosevelt Highway, Suite 115, Colchester. Justin Martin of Pomerleau Real Estate and Greg Dirmaier of J.L. Davis Realty were leasing agents. 

O’Brien’s Salons leased 673 square feet in the Dudley H. Davis Center from the University of Vermont. Justin Martin of Pomerleau Real Estate was the leasing agent, and Allen Josey at the Davis Center assisted.

Bishop Rice Home Association Inc. sold a 7,315-square-foot commercial building on 2.2 acres at 104 Old Colchester Road, Essex, to LNP Inc. Rick Harrison of J.L. Davis Realty was the selling broker, and Greg Dirmaier of J.L. Davis Realty was the listing broker.

Esther Lotz announced that Finish Solutions LLC has leased space at 60 Gonyeau Road in Milton from JBS Industrial Park.

John and Chris Herriman bought the Country Village Campground at 40 U.S. 7 in Leicester. Justin Martin of Pomerleau Real Estate was the listing and selling agent. The new owners will continue to run the business as a campground.

K&S Properties LLC leased 3,167 square feet of office and storage space at 4540 Williston Road in Williston to SVAC Inc., doing business as Sound Vision Audio Visual. Rick Harrison of J.L. Davis Realty was the listing broker.

Owens Corning Residential Products of Boston leased office space at 528 Essex Road in Williston from JNF Properties. Daniel R. Bawabe is the managing general partner of the tenant. Esther Lotz made the announcement.

Pawbella Pet Boutique LLC, a high-end pet boutique, leased 1,000 square feet at 194 College St. in Burlington. Justin Martin of Pomerleau Real Estate was the leasing agent.

Wyatt Ventures LLC leased 1,685 square feet of office space at The Maltex Building at 431 Pine St., Burlington, from The Maltex Partnership. Linda I. Letourneau of Redstone and Yves Bradley of Pomerleau Real Estate were the listing and leasing brokers representing the owner.

Schwan’s Home Service Inc. sold a 5,400-square-foot industrial building on 3.96 acres at 529 Jasper Mine Road in Colchester to George and Joanne Newton. Rick Harrison of J.L. Davis Realty was the listing broker.

Esther Lotz represented Louis Mannie Lionni, trustee of The Lionni Trust, in the purchase of a warehouse condominium unit at 338 Commerce St., Unit 30, in Williston, from Commerce Commercial LLC.

The law practice of O’Neill, Kellner & Green PC bought 5,792 square feet of space at 84 Pine Street, Unit 4, Burlington. Yves E. Bradley of Pomerleau Real Estate was the selling agent, and Dave Kelly of Highpoint Realty was the listing agent.

Gurrs & Purrs Pet Grooming leased 850 square feet of space at 38 Park St., Essex Junction. Justin Martin of Pomerleau Real Estate was the leasing agent.

Mansfield Investments LP leased an additional 1,400 square feet of abutting medical office space at 71 Knight Lane, Williston, to Vermont Urogynecology Associates PC. Rick Harrison of J.L. Davis Realty was the listing broker.

Digital Engine, a graphic design and marketing company, leased 1,200 square feet in the Kilburn & Gates Building at 45 Kilburn St. Yves E. Bradley of Pomerleau Real Estate was the listing agent, and Jed Dousevicz of V/T Commercial was the leasing agent.

Fastenal Co. leased space from H.A. Manosh Corp. at 125 Munson Ave. in Morrisville. Esther Lotz announced the transaction.

The law practice of Manchester and Detora PC leased 987 square feet at 431 Pine St., Suite 210, Burlington, from The Maltex Partnership. Yves E. Bradley of Pomerleau Real Estate and Linda I. Letourneau of Redstone were the listing agents.

Snap Fitness, a 24-hour health club, leased 3,500 square feet in the Berlin Shopping Center. Yves E. Bradley of Pomerleau Real Estate was the listing and leasing agent.

Systems and Software, a software design and monitoring company, leased 18,000 square feet at Whitecaps Business Park, 431 Industrial Ave., Williston. Yves E. Bradley of Pomerleau Real Estate and Steve Donahue of Donahue & Associates were the listing agents, and Greg Dirmaier of J.L. Davis Realty was the leasing agent.

Edward Jones Financial Services leased 991 square feet at 121 Connor Way at Maple Tree Place in Williston. Yves E. Bradley of Pomerleau Real Estate was the listing agent, and Nick Grimley of J.L. Davis Realty was the leasing agent.

April 2008

Green Mountain Harley-Davidson was bought by David Pearson and Debby Bishop of Essex Junction. They recently relocated to Vermont from Colorado.

A lease for 4,000 square feet at 26 Susie Wilson Road was signed between Robert Baker (right), the owner of Vidalz restaurant and catering, and Jim Ewing of Jim Ewing Property Management Inc. The space will be used for a banquet room by Essex Junction Great Events. 

Vermont Business Brokers represented Dan and Jane Dilena in the sale of their Northfield restaurant, The Red Kettle, to Efrosini Development LLC. John Beal of Vermont Business Brokers was the listing broker, and Sharon Beal was the selling broker.

Pharmaceutical company Omnicare Inc. leased 5,000 square feet at 113 Acorn Lane in Colchester. Yves E. Bradley and Charlie Poulin of Pomerleau Real Estate were the listing agents, and Dan Piskadillo of Equis was the leasing broker.

The University of Vermont and State Agricultural College leased 4,680 square feet at 106 Highpoint Center, Colchester, from Farrell/Antell Properties LLC. The space will be occupied by Across the Fence, the longest running daily farm and home television program in the country, and by the Center for Sustainable Agriculture. Tony Blake and Jed Dousevicz of V/T Commercial represented the landlord and assisted both parties.

Frank Salese Jr. leased 1,830 square feet of retail space at 176 Main St. in Burlington, where he will open Junior’s Downtown,  a second location for his Colchester restaurant, Junior’s Italian. Steve Donahue of Donahue & Associates announced the transaction. Pictured are Donahue (left), Larry Kupferman, the director of Burlington’s Community and Economic Development Office, and Salese.

Yves E. Bradley of Pomerleau Real Estate was the listing and leasing agent in two transactions at 308 Pine St. in Burlington (The Kilburn and Gates Building). Arthur Hynes Photography leased 702 square feet; and Verve Editions, a specialty publishing company, leased 632 square feet.

EpikOne leased 5,775 square feet of office space at the Kilburn and Gates Building in Burlington. Duncan Harris of Redstone announced the transaction. Pictured, from left, are Harris; Dave Winslow, CEO of EpikOne; and Alex Broussard of EpikOne.

Northshire Bookstore of Manchester Center, the state’s largest independent bookstore, announced that it is the first independent bookstore in the United States and one of only five locations in the world to have an Espresso Book Machine (EBM), a full integrated automated book-making machine that can produce a high-quality paperback book in minutes. Northshire provides three publishing imprints that use the print-on-demand machine: Shire Press, for works such as literature, family genealogies, corporate reports, and custom textbooks; Northshire Press, which publishes the store’s own paperback editions of classics that are out of copyright, rare and out-of-print titles and books of local and regional interest; and Northshire Press Facsimile Editions for high-quality paperback reprint editions of rare, out of print or otherwise unavailable works out of copyright, downloaded from archives around the world.

Realtor Esther Lotz announced that A Passion for Pets leased space at 110 Heineberg Drive in Colchester from Dan and Barbara Dorso.

The Green Mountain Inn in Stowe announced that it is adding two 1,800-square-foot apartments to the Mansfield House. Thetwo-bedroom apartments will be designed to accommodate families of four. Patti Clark is the innkeeper.

The Khanh family leased 1,276 square feet at 9 Center St. in Burlington to open a Vietnamese café and retail store. Yves E. Bradley of Pomerleau Real Estate was the listing and leasing agent. The Khanhs also own Sweet Thing on Church Street.

Realtor Esther Lotz announced that KCI USA Inc. leased space at 75 Dorset Lane, Suite 25, in Williston from R@B Properties LLC.

Environmental Products and Services of Vermont Inc. leased 7,844 square feet at 273 Commerce St. in Williston. Yves E. Bradley and Justin Martin of Pomerleau Real Estate were the leasing agents; Esther Lotz was the listing agent.

Realtor Esther Lotz announced that ServPro of Winooski and Stowe leased space at 156 Acorn Lane in Colchester from Catamount East LFP.

Ramsey Gourd Architects of Manchester and Burlington leased 900 square feet of office space in the Chace Mill in Burlington. Jed Dousevicz of V/T Commercial assisted both parties.

Noodles, a national restaurant franchise, leased 2,464 square feet from Dorset Square Associates at the Blue Mall in South Burlington. This will be the first Noodles location in Vermont. Brad Worthen and Jed Dousevicz of V/T Commercial assisted both parties.

Realtor Esther Lotz announced that ILEA Designs leased a commercial/industrial condominium at 450 Shunpike Road, Williston, from LJCT Brown Properties LLC.

Bill Kiendl of V/T Commercial was the listing and selling broker for the four-story, 6,000-square-foot historic Headquarters Building at 168-170 Battery St. in Burlington. Gordon Peterson of Workplace Solutions and Dan Thomas of Eyes of the World were the buyers. Don Appe of Marbryk LLC was the seller. Pictured, from left, are Kiendl, Thomas, Appe, and Peterson.

Bayada Nurses leased 2,400 square feet of office space at 100 Kimball Ave., South Burlington, from Foster Real Estate Development. Jed Dousevicz of V/T Commercial assisted the tenant, and Tony Blake of V/T Commercial and Doug Nedde of Redstone assisted the landlord.

Applied Research Associates leased 6,925 square feet of office and laboratory space at 600 Blair Park in Williston from Bredon Realty Corp. Tony Blake of V/T Commercial represented the landlord, and Esther Lotz assisted the tenant.

Yves E. Bradley of Pomerleau Real Estate and Linda I. Letourneau of Redstone were the leasing agents of 3,059 square feet at 431 Pine St., The Maltex Building, in Burlington. The tenants are Magic Hat Brewing Co., which will use the space for general offices and marketing.

Realtor Esther Lotz represented Robert V. Willis in the sale of Lot #7, 19 N. Main St., Jericho East Commercial Park, Jericho, to Lowell T. and Shelley C. Spillane.

Realtor Esther Lotz announced that Stephen Burt leased a 2,400-square-foot machine shop space in Brentwood Industrial Park, Colchester, from Coquoi Properties.

Vartit Yamhoo leased space at 9 Park St. in Essex Junction from Ming’s Inc., and will open a restaurant called the Drunken Noodle House, after remodeling. Jed Dousevicz of V/T Commercial assisted both parties. •

March

Gourmet Network Inc., doing business as Fox Meadow Farm and owned by Tom Hoermann, was sold to Fox Meadow Farm of Vermont LLC (Stephen Wilson) of Mount Holly. Fox Meadow Farm has been relocated from Wolcott to Mount Holly. The business specialized in the production and distribution of gourmet foods. John Stimets of CBI–Country Business Inc. managed the sale.

Peter Yee of Redstone represented Joe Handy in the sale of Laundromat 99 (business and equipment) to Judy Sorrell. 

CX Associates, a LEED certification services and energy conservation consulting company, leased 1,500 square feet of studio office space from the Brick Box Co. at 110 Main St., Burlington. Steve Donahue of Donahue & Associates represented the landlord. Tony Blake of V/T Commercial assisted in the transaction.

Bill Kiendl of V/T Commercial announced the signing of a seven-year lease for the AARP to occupy 6,780 square feet at Courthouse Plaza in Burlington. Greg Dirmaier of J.L. Davis Realty represented the landlord, Jeff Davis.

The Men’s Room hair salon leased 1,250 square feet of studio space at 106 Main St., Burlington, from the Brick Box Co. Steve Donahue and Meg McGovern of Donahue & Associates represented Brick Box.

The Garrett Hotel Group signed a three-year lease for 1,825 square feet on the sixth floor of Financial Plaza at 84 Pine St., Burlington. Bill Kiendl of V/T Commercial represented the landlord, Leonora LLC. Steve Donahue of Donahue & Associates represented the tenant.

NL Financial Alliance leased additional office space at 354 Mountain View Drive in Colchester from Stonewater Properties. Steve Donahue of Donahue & Associates represented the landlord.

Stonewater Properties leased 3,644 square feet of space at 356 Mountain View Drive in Colchester to Vermont Interventional Spine Center PC and partners Dr. Jerry Tarver and Dr. Michael Borrello. Steven Donahue of Donahue Associates represented the owner; Mike Simoneau of Hickok & Boardman assisted in the transaction.

Kelley of Vermont Enterprises 1 of Grand Isle sold Growing Years, a licensed preschool at 1672 Lakeshore Drive in Colchester, to Deanna Cardosi. Linda I. Letourneau and Peter Yee of Redstone were the listing and selling brokers of the business. Cardosi will change the name of the school to Muddy Hands Enrichment Center. Pictured, from left, are Mark Kelley, Yee and Cardosi.

PCH Corp. leased 700 square feet of fully fit-up deli/grill space in its Shelburne Beverage store on U.S. 7 to local chef Brad Martello. Peter Yee of Redstone was the listing and leasing broker representing PCH. 

White Cap Ventures leased 29,183 square feet of office space in the former Rossignol facility in Williston to the state for the relocation of a portion of the Department of Health and Human Services. Steve Donahue and Meg McGovern of Donahue & Associates represented White Cap.

Steve Donahue of Donahue & Associates was the listing and selling broker in the sale of a 5,600-square-foot office and studio building at 225 Church St. in Burlington. The seller was Bud Shriner; the buyer was Ken Bogdanovicz.

Steve Donahue of Donahue & Associates represented Stonewater Properties in the leasing of 3,839 square feet at 356 Mountain View Drive, Colchester, to Vertek Corp. Rick Harrison of J.L. Davis Realty assisted in the transaction.

Larry Sudbay, president and chief executive officer of SymQuest Group Inc., announced that the company has acquired the business operations of UBIQ Imaging Solutions, with Maine offices in Portland and Bangor. The addition will allow SymQuest to service clients in the Seacoast region and the immediate inland areas of New Hampshire and Maine. SymQuest’s headquarters are in South Burlington, and the company has offices in Rutland; Plattsburgh, N.Y.; and Keene and West Lebanon, N.H. Pictured, from left, are Nicole Carignan, executive vice president and CFO, SymQuest; Jim Chamoff, former president and founder of UBIQ and now general manager of SymQuest’s Maine region; Sudbay; and Pat Robins, chairman of the board of SymQuest. 

Autodesk Inc., a provider of construction industry design software, leased 2,388 square feet of office space at 356 Mountain View Drive, Colchester from Stonewater Properties. Steve Donahue of Donahue & Associates represented Stonewater.

February

The UPS Store at 70 S. Winooski Ave. in Burlington was bought by Matthew Wolff of MT Wolff Enterprises LLC from George and Kathy Bevis. Lynne Silva of The Silva Group brokered the transaction.

Summit Financial Center Inc. of Burlington announced a strategic alliance and affiliation with Merrimack Mortgage Co. Inc. of Manchester, N.H. Summit will continue to operate as a mortgage banking entity within the state of Vermont under its business name and from its existing office at 112 Lake St. in Burlington. Mark Severance, the president and founder of Summit, will continue to provide sales and management leadership at Summit.

Albany College of Pharmacy has chosen a 62,000-square-foot facility at 261 Mountain View Drive in the Water Tower Hill Development in Colchester as the site of its new Vermont campus. The pharmacy program will be a four-year professional offering. An estimated 80 students are projected to enroll in the fall, following construction.

Planning, environmental, and engineering consultants Vanasse Hangen Brustlin Inc. announced the acquisition of Pioneer Environmental Associates LLC, a 23-person environmental consulting firm specializing in water resources/storm water planning, permitting, and ecological studies in Vergennes. The firm will do business in Vermont as VHB Pioneer Environmental Associates. VHB provides integrated transportation, land development, and environmental services from 17 offices along the East Coast.

Ownership of Green Mountain Family Practice on Crescent Avenue in Northfield was transferred to Central Vermont Medical Center. The day-to-day function of the office will be unchanged. Doctors Kevin Crowley and Craig Sullivan will continue in full-time practice along with the entire staff.

Mark and Cindy Stenta sold a 1,560-square-foot retail space at 10 South Main St. in St. Albans to Dave Kelly of High Point Realty. David Jacobs of Redstone was the listing and selling agent.

Tim Burke of David G. White & Associates Inc. announced the signing of a long-term lease for 8,560 square feet in a new, four-story, 73,000-square-foot office building at 55 Community Drive in Technology Park in South Burlington. Burke represented the tenant, MBA Resources, a medical billing, practice management, electronic health records, and consulting practice. 

RC Connection, a remote-control car-racing center and hobby shop, leased 1,975 square feet at Creek Farm Center in Colchester from South Burlington Realty Co. Chet Thabault of South Burlington Realty was the leasing agent.

Grandchildren Realty Inc. sold a 5,200-square-foot industrial condominium at 102 Kimball Ave. in South Burlington to Jeff Jimmo. David Jacobs of Redstone was the listing and selling agent; Linda I. Letourneau of Redstone represented the buyer.

Fletcher Allen Health Care has signed a long-term lease for 52,250 square feet at 192 Tilley Drive in the Mountain View Business Park in South Burlington. Tim Burke of David G. White & Associates Inc. represented the tenant. Pizzagalli Properties LLC is the developer and landlord for this new medical office building.

Peter Yee of Redstone represented the buyer, 4 Lemnah LLC, in the purchase of 4 Lemnah Drive in St. Albans, a 19,270-square-foot, mixed-use building fully leased to the federal government. Michael Blouin of Lang McLaughry Spera represented the seller, James Warner.

Sullivan and Brownell Partners sold a 5,200-square-foot building at 1422 Route 66 in Randolph, to Gifford Medical Center Inc. Peter Yee of Redstone represented the seller and procured the buyer.

January

JE Compliance Service leased 1,190 square feet of space at the Cornerstone Building in Burlington from Main Street Landing. Jed Dousevicz of V/T Commercial assisted both parties.

The University of Vermont and State Agricultural College leased 1,707 square feet of office space for its audit services offices from Farrell/Antell Properties at 19 Roosevelt Highway in Colchester. Tony Blake of V/T Commercial assisted both parties.

Don Appe of Marbryk Limited Partnership purchased a 6,000-square-foot, two-story office at 434 Hurricane Lane in Williston from the American Heart Association. The Heart Association leased back 3,000 square feet from the new owner. Bill Kiendl of V/T Commercial represented the buyer, and Rick Harrison of J.L. Davis Realty represented the seller.

First Horizons Home Loan Corp. leased space at Lakewood Executive Center, 1233 Shelburne Road in South Burlington, from Two O’Briens Properties LLC. Bill Kiendl of V/T Commercial assisted both parties.

ATC Associates, an environmental engineering firm, leased 3,585 square feet from Commerce Street Condominiums at 171 Commerce St. in Williston. Tony Blake and Brad Worthen of V/T Commercial assisted the landlord and the tenant.

Beltone New England leased 1,240 square feet of space at St. Albans Commons in St. Albans. Brad Worthen of V/T Commercial represented Beltone.

Vermont Attorneys Title Corp. leased 2,500 square feet of office space at Maple Tree Place in Williston from Inland US Management LLC. Bill Kiendl of V/T Commercial assisted both parties.

The law firm of Steiker, Fischer, Edwards and Greenapple leased 1,332 square feet of office space at 148-156 College St. in Burlington from Park Place Joint Ventures. Bill Kiendl of V/T Commercial assisted both parties.

Jon Lines sold the 2,276-square-foot Oasis Diner at 189 Bank St. in Burlington to Glenn Walter, who will re-open it as a Jewish deli/diner, The Sadie Katz Deli. Yves E. Bradley of Pomerleau Real Estate was the listing and selling agent for this Burlington landmark.

Ronin Men, a men’s salon in White River Junction, was purchased by Connie White of Windsor. The salon, at the corner of Railroad Row and Bridge Street, held a grand opening ceremony on Dec. 8. www.roninmenssalon.com. 

Stephen and Stephanie Longshore of SA Longshore Inc. have sold the Once Upon a Child franchise in Williston to Todd and Pamela Morris of Morris Enterprises LLC in Hinesburg. John Stimets and Franklin Motch of CBI-Country Business Inc. managed the sale.

Tony Blake of V/T Commercial announced that the Paper Peddler in Maple Tree Place in Williston was sold to Dan and Kathy Cooke. Lesley Lewis, the seller, had owned the store for more than 18 years. Blake assisted both parties.

Networks Inc., a Burlington psychotherapy group, leased 3,400 square feet at 149 Cherry St., Burlington. Yves E. Bradley of Pomerleau Real Estate represented the landlord, Rob Quinn; Brad Worthen of V/T Commercial represented Networks. 

Pam Halton, doing business as The Healer Within You, leased office space at 528 Essex Road, Vermont 2A, Williston, from JNF Holdings LLC. Brad Worthen of V/T Commercial assisted both parties.

Asian Bistro of Williston signed a lease for 3,410 square feet at Spinner Place in Winooski to open a second restaurant. Brad Worthen of V/T Commercial represented the landlord, HKW Retail LLC, and assisted the tenant.

Fletcher Allen Health Care leased 4,500 square feet at 84 Ethan Allen Drive, South Burlington. Yves E. Bradley of Pomerleau Real Estate was the listing agent; Tim Burke of David G. White & Associates was the leasing agent.

 The Nail Spa leased 1,200 square feet at 1295 Commerce Square on Williston Road in South Burlington, where it offers manicures, pedicures and spa treatments.