Chinburg buys Vt. mill complex
Newmarket company acquires historic property with 140 tenants for $5.75 million
Newmarket, NH-based Chinburg Properties has purchased the historic Vermont Mill in Bennington, Vt. – a 28-building complex with a total of 215,000 square feet of space that sits on 12 acres of land.
Chinburg, which has long specialized in acquiring, renovating and managing old mill buildings, acquired the complex for some %5.75 million the news site VTDigger reported. The company bought the complex from Jon Goodrich, a Bennington resident who had owned it since 1999. It is Chinburg’s first acquisition in Vermont. Besides New Hampshire, the company has properties in Maine and Massachusetts as well.
The Vermont Mill complex dates back to 1865 and is listed on the National Register of Historic Places. As the Holden-Leonard Mill Complex in the early 1900s, woolen textiles were manufactured there.
There are currently about 140 tenants at the complex, primarily commercial, They include business offices, college classrooms, exercise spaces, design studios, retail shops, a manufacturing facility and storage space.
Eric Chinburg, president of the firm, told VTDigger that Properties was attracted to the property because of the investments made by the town of Bennington in recent years. “When we see municipalities making such investments, we want to do the same, and partner with them to the extent possible,” Chinburg said.