DJM Markets MA Assets of Former Mill Company

FALL RIVER, MA-The demise a Quaker Fabric, a textile company here that went bankrupt last year, could breathe new live into some buildings that formerly housed its operations. Melville, NY-based real estate turnaround firm DJM Realty acquired five of the Quaker’s assets and is actively looking for buyers to house the spaces.

DJM, which is owned by the Gordon Brothers Group, has already sold one property, a 227,068-sf historic building to local bookseller Strictly-By-The-Book, reportedly for just over $4 million. The company is using the building for office and warehouse space.

But DJM will not likely sell the rest of the assets in one-off deals, said Emilio Amendola, the firm’s co-president. “There’s no doubt that there’s a buyer out there for all of them,” he says. “It could be a user, investors or a developer.”