(To read more on the industrial market, click here.)

NASHUA, NH-After 15 years as a beverage production plant, American Beverage Corp. has sold off its facility here for $4.9 million to local buyer Worthen Industries. The new owner plans to retro-fit the building for its coating and adhesive operation.

Tom Farrelly, with Cushman & Wakefield's Manchester office, tells GlobeSt.com that the148,100-sf building at 34 Cellu Dr. brought in at least seven offers but it was Worthen's high-priced bid and quick closing terms that sealed the deal. The plant has served as a beverage manufacturing facility for 15 years and was used by American Beverage, which acquired the property in 1999, to produce soft drinks, juices and bottled water. American Beverage, part of the multibillion-dollar Dutch food group Royal Wessanen and the third largest US producer of non-carbonated bottled fruit drinks, sold the Nashua plant as surplus real estate following a consolidation of operations, he says. The transaction was handled for the seller by Farrelly along with Dennis Dancoes and Sue Ann Johnson, also with Cushman & Wakefield in Manchester. Worthen was represented by James Stubblebine, with the Stubblebine Co., of Lexington, MA.

Farrelly says the offering generated strong interest from manufacturing and warehouse users in both New Hampshire and Massachusetts, primarily because of its size, location and the favorably business environment promoted in New Hampshire, Farrelly notes. Situated on 10.5 acres just a short distance from Route 3 and about an hour's drive from Boston, the facility offered a favorable environment for firms looking to escape the Bay State's tax burden. Unlike Massachusetts, New Hampshire has no income inventory taxes.