The Taunton Development/MassDevelopment Corporation sold 115 acres in the expanded Myles Standish Industrial Park in Taunton, Massachusetts. The property will be bought by the Martignetti Companies, New England’s leading distributor of wines and spirits.
Martignetti Companies plans to invest more than $100 million to build its 680,000-square-foot regional headquarters on this parcel, which represents more than half of the Taunton park’s expansion.
According to MassDevelopment officials, the facility is expandable to a total of 1.3 million square feet to accommodate the company’s growth, and will feature the wine and spirits industry’s most advanced materials handling systems and technologies. Cathy Minnerly of NAI Hunneman represented TD/MDC in the sale.
“We are very pleased to be relocating our distribution and headquarters facilities to Taunton and to begin a new chapter in our company’s 100-year history. The Myles Standish Industrial Park is a premier regional location that will support our continued growth. We have appreciated the support and cooperation we have received from the City of Taunton, MassDevelopment and state officials in working together on this exciting project,” said Carl Martignetti and Carmine Martignetti, Co-Presidents, Martignetti Companies.
The Commonwealth of Massachusetts provided a total of $6.1 million from the MassWorks Infrastructure Program to develop access roadways, utilities, and stormwater systems beginning in 2011. The U.S. Economic Development Administration also provided a total of $3.1 million matching grant funds toward the infrastructure costs. Both the EDA and MassWorks have funded the construction of Dever Drive, an access road that will open up the business park when that roadway is complete in late spring 2016.
“Martignetti has transformed from a family-owned grocery business to the leading distributor of wines and spirits in New England, and we’re pleased to welcome the company to Taunton for its next chapter of growth,” said MassDevelopment President/CEO Marty Jones. “The expansion of the Myles Standish Industrial Park has resulted from a collaborative effort between public and private stakeholders, a recipe for success that we expect to continue with more companies choosing to locate and grow in Taunton.”
In 2012, MassDevelopment and the Taunton Development Corporation partnered to form a nonprofit development corporation to redevelop the 220-acre site, which will expand the MSIP and develop a new life science business park. In 2014, Sullivan Tire moved into a new 200,000-square-foot facility for call center, office, and warehouse space. TD/MDC has also completed three phases of demolition and remediation, and is cleaning up select parcels with $600,000 in brownfields grants from the U.S. Environmental Protection Agency.