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.”

What’s left is 37.6-acre site with a 687,789-sf building on 16.3 of those acres, a 194,576-sf former production and warehouse space, a 162,188-sf modern industrial building and a 66,187-sf manufacturing plant.

The spaces are ready to be reborn as manufacturing facilities or could be redeveloped into other uses, Amendola says. “There are a lot of possibilities for the owners that don’t continue in this current form,” he says.

Amendola says he expects buyers to be cautious in the current environment. However, he notes that Fall River is becoming more popular with people who commute to Boston and don’t want to pay the latter’s high housing prices.

Additionally, he says that the same thing could happen to other firms as the textile industry increasingly moves overseas. “I think you’re going to see other opportunities like this,” he says.

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