(Read more on the industrial market.)
FREETOWN, MA-This southeastern Massachusetts city was hoping to toast the arrival of a new brewery, but a large land purchase by Boston Beer Co. could mean nothing if an alternative in Allentown, PA comes to fruition. The maker of Samuel Adams spirits has paid $5.9 million to the Campanelli Cos., owners of the Campanelli Business Park where the 52-acre swath is located.
"There is a bunch of moving pieces to the equation," says Mark Stevens, principal of the Stevens Group who assisted Boston Beer Co. in a two-year space quest that extended into New Hampshire and Rhode Island. Stevens and Catherine Thompson of GVA Williams orchestrated the search.
When Freetown was identified, state incentives and local support aided Boston Beer's bid to develop upwards of 300,000 sf on the site, Stevens says. The footprint is slated to include a section for facility tours.
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