Milford, MA – Dacon Corporation has completed a $23 million expansion and renovation of the former 322,000sf Ardagh glass manufacturing plant located at 1 National Street.
Formerly in operation from 1972 to 2017, this facility focused on beer bottle manufacturing. Ardagh specializes in sustainable and infinitely recyclable packaging, generating $7 billion in sales annually. Focused solely on metal and glass materials, the company employs constantly evolving production technologies that enable flexibility in design and branding. As with the loss of many post-manufacturing sites that affect local job economies, the revitalization of this property brings attention to the merits of adaptive reuse.
This facility was purchased by New Mill Capital in the fourth quarter of 2018 with the intent of converting it into a modern distribution center for lease in response to Metro Boston’s growing facility demand. Situated on 35 acres, this location is a convenient hub along the 495 interstate to central Massachusetts and Downtown Boston.
Improvements to the facility include new Metl-Span panel siding, a new TPO roof/insulation, an additional 59 loading docks, entryway, and an ESFR fire protection system with a diesel fire pump. Site work included a rework of the layout with segregated car/truck traffic areas, parking lot lighting, storm water drainage and treatment systems, paving, curbing and landscape plantings.
“Asset disposition firms like New Mill are critical in turning around under-utilized equipment and real estate into fresh value for customers. When these properties are revitalized by their expertise, it inevitably results in economic opportunity for the local communities,” reflects Kevin Quinn, CEO of Dacon.
As one of the nation’s largest asset development firms, New Mill has a keen eye for investing in turn around properties. With clientele focused in the food and beverage, personal care, packaging, plastics, metalworking and general manufacturing sectors, New Mill handles disposition for both equipment and property assets.