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Rhino Capital Advisor Purchases 11.3 Ares of MSIP

| October 8, 2018

Taunton, MA – The Taunton Development/MassDevelopment Corporation recently  sold 11.3 acres in the Myles Standish Industrial Park (MSIP) expansion project to Rhino Capital Advisors LLC, a real estate investment firm that plans to construct a 100,000sf building that the company will then lease to NN, Inc., a diversified industrial company headquartered in Charlotte, N.C. that Inc. will use 80,000sf for manufacturing activities with the remaining 20,000sf set aside for office space. As it expands into Taunton, NN, Inc. anticipates that the new facility will allow the company to create 75 to 80 jobs within three years. Construction is scheduled to be completed in spring of 2019.

“I am very pleased that this expansion will bring new jobs and new business to the area,” said Senate President Pro Tempore Marc R. Pacheco.

“We are excited to welcome NN, Inc. to the family of businesses already thriving at Myles Standish,” said Representative Patricia A. Haddad, Speaker Pro Tempore.

“This expansion will mean more jobs and more competition for employees in our area,” said Representative Shaunna O’Connell.

“This is a great partnership and an exciting development which will provide more job opportunities for Taunton and the entire SouthCoast region,” said Representative Keiko Orrall.

“This was an example of a wonderful public/private partnership that will enable our firm to construct the latest state-of-the-art facility in the Myles Standish Industrial Park that will serve the business needs of our friends at NN, Inc., who will be doing extraordinary things within this building on behalf of their world-class clients,” said Rhino Capital Advisors, LLC Principal Michael Olson.

“NN is experiencing significant growth in our Aerospace and Defense business, which is driving a need for us to expand our production capacity and technology capabilities,” said NN, Inc. Executive Vice President – Power Solutions Christopher Qualters. “

 

Category: All, Real Estate

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