Vermont Bread Building Ready for Next Chapter

To Read the full article in the Brattleboro Reformer please visit: https://www.reformer.com/local-news/reactivating-the-space-vermont-bread-company-purchased-by-brattleboro-development-credit-corp/article_d3619f7a-1140-11ef-87f9-af4f95d16942.html 

Leasing inquiries, please contact Adam Grinold agrinold@brattleborodevelopment.com 802-257-7731.

BRATTLEBORO — The former Vermont Bread Company facility at 80 Cotton Mill Hill is now owned by the Brattleboro Development Credit Corp.  On April 30, the BDCC purchased the property for about $800,000.

“We’re committed to ensuring the space is occupied for job creation,” said Adam Grinold, executive director of the BDCC. “That’s what’s important for our organization.”

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Grinold said the company to take over the facility doesn’t have to be from the region “but primarily we’re starting with local businesses that we understood were in a position to grow and hope to see one of them in there in the months ahead.”

A few groups have expressed an interest in finding real estate of the kind. So much about getting a suitable tenant is about timing, Grinold said.

“We lack vacant inventory for commercial and industrial space,” he said. “We know that exists in the housing market as well. We hear it’s unhealthy to have no vacancy in a community.”

Vacancies allow companies to have confidence to know they have room to grow when they need to, Grinold said.

“This property will add to that opportunity to support growing businesses,” he said.

Since the facility is a standalone 23,000-square-foot building, his group envisions a single occupant moving in. However, there’s potential for two firms.

Grinold said construction occurred in two different stages so a divided interior wall could be filled back in if needed, and most of the building’s wiring and other infrastructure is in two separate panels due to the way it was built over time.

The property is eligible for the New Markets Tax Credit Program. This is helpful since production can require significant investment in equipment or specific processes, Grinold said.