RANDOLPH, MA-As one of New England’s most prolific developers, the Campanelli Cos. of Braintree has typically done business on its own accord, but in the case of a 40,000-sf warehouse being constructed for Mygrant Glass, Campanelli’s role went beyond that normal paradigm. While the firm is serving as turn-key developer for the new facility being built on High Street, the three-acre parcel is actually owned by another local firm, J D’Amico Inc.

“It was a fulfilling deal for everyone involved,” Campanelli director of leasing Peter Brown says of the assignment. The initiative was launched when Mygrant’s requirement could not be met in any of Campanelli’s business parks and the real estate firm was asked to help the client find a viable alternative. Once the location was identified, Campanelli hammered out the agreement with D’Amico affiliate York Trust II. Normally, his firm would seek to acquire the land, says Brown, but D’Amico preferred to retain control, leading to the efforts in crafting an agreement on Mygrant’s behalf.

As a result, Mygrant will be relocating later this summer from Braintree to the new warehouse, a building designed by Campanelli’s regular architects, R+K Architectural Associates of Braintree. According to Mygrant zone manager Tom Higginbottom, the structure will be efficient in energy consumption and other ways, including a 30-foot clearance that boosts storage capacity by 76% despite a mere 10% increase in the building footprint from its current address. That will cut storage costs per cubic foot by an average of 10% over the lease term, says Higginbottom, who calls the outcome “a fantastic result” for Hayward, CA-based Mygrant Glass.

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