101-135 American Legion Highway
Update
04/30/17
Atlantic and VMD acquire 51.2-acre NECCO headquarters for $54.6 million
Developers Atlantic Management and VMD Companies have acquired the 51.2-acre Revere headquarters of the New England Confectionery Company (NECCO), on which stands an 829,000 square foot office and industrial building, for $54.6 million. The sale amounts to $1,066,406.25 per acre of land, and $65.86 per building square foot. The developers plan to meet with the City of Revere in the coming months to discuss future development plans. NECCO has leased its’ headquarters from Atlantic and VMD through August 31st, 2018. Loancore Capital Credit REIT LLC provided $69.6 million of mortgage financing for Atlantic and VMD’s acquisition.
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