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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.

“Campanelli produced a complete service platform with both brokerage and design/build capabilities for our new Randolph facility,” says Higginbottom, a parcel he terms “a needle-in-the-haystack site.” Equally impressed is Mike Lenihan, J. D’Amico’s general manager. “Pete Brown pulled together a complicated transaction with a national tenant and the highly respected Campanelli Cos., delivering a triple win for all parties,” says Lenihan, although Brown praised the others involved. “It took a lot of coordination, but everybody did their part, and the D’Amico family was very good to work with,” says Brown.

Campanelli certainly has plenty on its own plate, including expansion of a Woburn office building and development of a prime 90-acre site acquired recently at the entrance to the Players Championship golf course in Norton. Nonetheless, Brown says the firm is willing to consider providing more third-party assistance, having already established a multi-state relationship with Preferred Freezer that has led to cold-storage facilities being erected throughout the eastern seaboard. “We would like to do more of that when it makes sense,” says Brown.

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