The acquisition was funded in part through a 10-year, $28.8-million loan provided through Meridian Capital Group, of New York City, David Rosenberg, managing director of Meridian Capital, tells GlobeSt.com.
Neither O'Connell Development nor Yankee Candle returned calls for comment in time for GlobeSt.com's deadline.
In July, Yankee Candle officials announced that the firm had hired Lehman Brothers to analyze a possible sale of the company as a way to give shareholders a better return on their investment. There is no word yet on whether a sale of the company is imminent.
Yankee Candle's three story, 75,000-sf headquarters, which is set on 10.2 acres at 16 Yankee Candle Way, is assessed at $7.8 million while the firm's 256,000-sf distribution warehouse, located on 31.7 acres at 27 Yankee Candle Way, is assessed at $13.5 million, according to information on file with the Deerfield Assessors Office.
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