Mergers & Acquisitions

Green Mountain Coffee Roasters Inc. announced its acquisition of Diedrich Coffee Inc. Diedrich Coffee, which produces three brands of specialty coffees — Diedrich, Coffee People, and Gloria Jean’s — has become a wholly owned subsidiary of Green Mountain. The acquisition was announced by Lawrence J. Blanford, Green Mountain Coffee’s president and chief executive officer. Through the acquisition, the company gains manufacturing and distribution facilities in California. Diedrich will be integrated into Green Mountain’s specialty coffee business unit.

John Larkin, the owner of Lark-Inns of South Burlington, announced the completion of an extensive renovation and expansion of the lobby and guest reception areas of the Comfort Suites Hotel on Shelburne Road. The project doubles the size of the original lobby, allowing a more expansive breakfast area, complemented by a stone fireplace. The recently renovated Sunset Ballroom offers space for events of up to 250 attendees.

Green Mountain Inn in Stowe announced the complete refurbishing of 12 of the historic hotel’s main inn room inventory. The project includes remodeling bathrooms, improving air conditioning systems, readjusting floor plans, installing high-grade noise-damping windows, and adding large-screen plasma televisions. Patti Clark is the innkeeper.

Myrkel Staley sub-leased 1,500 square feet of restaurant space at 1353 North Ave., Burlington, from Kelly Nguyen, the owner of Pro Filer Nail Salon. Peter Yee of Redstone represented Nguyen. Staley plans to open a deli at the site.

360.org leased a small office at One Main Street, Burlington, from Main Street Landing. Peter Yee of Redstone procured the tenant.

Steven J. Watson PLC leased a small, Class A office space at The Cornerstone Building, 3 Main St., Burlington, from Main Street Landing LLC. Linda I. Letourneau of Redstone was the listing and leasing broker.

National Chimney Supply leased a 20,000-square-foot manufacturing building at 3 Green Tree Drive in South Burlington from Mark Neagley and Tom Chase. The building will be a regional hub for the company. Jed Dousevicz and Averill Cook of V/T Commercial assisted both parties.

Mason Dunn leased an office suite at Park Hill, 200 Main St., Burlington, from Constantine Poulos. Linda I. Letourneau of Redstone was the listing and leasing broker.

Youkel Architects leased 1,020 square feet of Class A office space at 210 College St., Burlington, from Hall Block LLC. Linda I. Letourneau of Redstone was the leasing broker, and Doug Nedde of Redstone was the listing broker.
Peter and Victoria Jette bought an 11,000-square-foot mixed-use building at 59-61 Main St., Middlebury, known as the Dyer Block, from Greg and Barbara Tomb. The space includes four commercial units and eight residential units, with eight parking spaces. From left, Greg Tomb, Peter Jette, Victoria and Sadie Jette, and Duncan Harris.

Oleet & Co. LLC leased 2,800 square feet on the fourth floor of 186 College St., Burlington, from Grandview Farms Inc. Averill Cook and Bill Kiendl of V/T Commercial assisted the landlord and the tenant.

John M. Lindley Insurance Agency Inc. leased 967 square feet at 431 Pine St., Burlington, from the Maltex Partnership. Linda I. Letourneau of Redstone and Yves Bradley of Pomerleau Real Estate were the listing brokers. •

May 2010

Susan Rand and Sojourn Bicycle and Active Vacations leased 2,000 square feet of warehouse space. Duncan Harris of Redstone represented the tenant; Ross Montgomery of Redstone represented the landlord.

Dan Feeney, president of North Star Leasing, announced the acquisition of Nordic Funding’s book of business. John Desrochers, Nordic’s lease originator, joined the North Star team with 18 years of experience.

Broker Esther Lotz represented Richard Struble in the purchase of Lot 23, Gauthier Industrial Park, Essex. The sellers were Pisces Properties LLC. Pictured are Kimberly Martin (left), closing agent, Desautels & Micciche, and Lotz.

Cheeseman Insurance Co. leased 1,976 square feet of office space at Financial Plaza, 84 Pine St., Burlington, from Leonora LLC. Bill Kiendl of V/T Commercial assisted both parties.

Wells Fargo leased 1,576 square feet of office space at 92 Zephyr Road in Williston from Milot Real Estate. Greg Dirmaier of J.L. Davis Realty was the listing agent, and Ryan Bunce of Omega Real Estate Associates was the leasing agent.

Ian Wyatt, president and publisher of Business Financial Publishing LLC, leased 2,350 square feet of office space at 380 Hurricane Lane, Williston, from Hillside Properties. Wendy Daniels represented the landlord, and Ross Montgomery of Redstone was the leasing agent.

Tim Burke of White + Burke Real Estate Investment Advisors Inc. in Burlington, announced the signing of a long-term lease with Hannaford Bros. Co. for the former P&C supermarket building in Bradford. Burke represented the tenant, and Yves Bradley of Pomerleau Real Estate represented the landlord, Centurion Properties Inc.

Broker Esther Lotz announced that Anne Herko and Darlene Durett of Essex Hair Designers, a full-service hair salon, purchased Unit 2B in Essex Towne Marketplace. The seller was Jay Danis of the House of Sewing & More. Lotz represented the seller. Pictured, from left, are Durett, Herko, and Lotz.

Thomas Sherrer Law Office leased 1,000 square feet of office space at 30 Main St., Burlington, in Gateway Plaza from Investors Corporation of Vermont. Bill Kiendl of V/T Commercial assisted both parties.

ICF Macro International expanded its office space at 126 College St., Park Plaza, Burlington, to 16,105 square feet. Bill Kiendl of V/T Commercial was tenant representative.

Sokolowski Investment Advisors leased office space at 95 College St., Burlington, from Burlington Housing Authority. Tony Blake of VT Commercial represented the tenant, and Mike Simoneau of Hickok & Boardman represented the landlord.

Viking Cives, a national supplier of dump bodies and plows for commercial trucks, signed a lease for 9,000 square feet at Production Park in Williston. O’Brien Brothers is the landlord. Jed Dousevicz of V/T Commercial assisted both parties.

Osprey Holdings LLC/Poulin Lumber Inc. bought the former Lacillade Lumber site at 250 Meadow St., Williamstown, from Lacillade Lumber Co. Inc. Peter Yee and Ross Montgomery of Redstone represented the seller and procured the buyer. The property consists of three buildings totaling 53,666 square feet on 36.3 acres. It will be home to Poulin Lumber’s new store. Pictured, from left, are Montgomery, Jim Lacillade, Yee, Scott Jaunich, and Cory Poulin.

Vermont Ballet Theatre leased 5,000 square feet of studio space at Town Meadow, 21 Carmichael St., Essex, from Town Meadow LLC. Jed Dousevicz of V/T Commercial assisted both parties.

Salaam Boutique leased 2,464 square feet of prime retail space at 90 Church St., Burlington, from Church Street Leasing Inc. Bill Kiendl of V/T Commercial represented the landlord, and Yves Bradley of Pomerleau Real Estate represented the tenant.

Cynthia DuBois bought the All America Hot Dog & Sausage Cart at Lowe’s Home Improvement Center in South Burlington from Don and Sally Allard. Bill Kiendl of V/T Commercial assisted both parties. •

April

Richard Kendall, president of Sovernet Communications of Bellows Falls, and Joe Allen, president of Power Shift of Stowe, announced jointly that Sovernet is acquiring the broadband services division of Power Shift. Current Power Shift DSL customers will not see service interruptions, and Power Shift customer service will continue to provide support through the transition.

David Brown, president of Vermont Heating & Ventilating Co. in Winooski, announced the acquisition of Bedard Heating and Cooling from Ben Bedard. It is the second acquisition for VHV in the last two years.

Jennifer Celia leased 700 square feet of office space at Town Meadow in Essex. Jed Dousevicz of V/T Commercial assisted the tenant and the landlord, Town Meadow LLC.

Broker Esther Lotz announced that Vermont Bosna Cutting expanded its space at 450 Weaver St. in Winooski. The landlord is Mathias Dubilier of Dubilier Realty Inc.

Gallagher, Flynn & Co. announced the move of its headquarters from Burlington to a newly built, LEED-certified commercial office building at 55 Community Drive in South Burlington’s Technology Park. The address is also home to MBA HealthGroup and JPMorgan Chase.

April Desabrais, the owner of ManeStream Salon in Middlebury, leased retail space from Deirdre Holmes and Jacob Edgar at 3 Park St. The space has been completely renovated and the salon has moved from its prior location. Duncan Harris of Redstone represented the landlord and procured the lease.

AT&T, Adam Hergenrother of Keller Williams Realty, and MyWebGrocer have leased space from Stonewater Partners in the Water Tower Hill office park. Steve Donahue of Donahue Associates made the announcement.

Allscripts has expanded into the entire 48,576 square feet of the property at 25 Green Mountain Drive in South Burlington owned by GE Healthcare. Tony Blake and Bill Kiendl of V/T Commercial assisted both parties.

Broker Esther Lotz announced that Perkins Fitness Consulting expanded its space at 3060 Williston Road in South Burlington. The additional space will be for group training. The landlord is RP & DP Properties Inc.

Aeroparts Plus, a Quebec distributor, leased 1,240 square feet of office and distribution space at 340 Avenue D in Williston from REM Development. Bradford Worthen of V/T Commercial represented David Gregory, president of Aeroparts Plus, and Stephanie Miller Reiskin represented REM.

Bryan Phelps bought Noonie Deli in Middlebury from Karen Phelps (no relation), the owner of the deli since 1991. Duncan Harris of Redstone represented the seller and procured the buyer. •

March

KANZ Inc. purchased the assets of the former Lincoln Inn restaurant at 4 Park Street in Essex Junction and leased 4,000 square feet of pub and restaurant space from Park Street Properties LLC. The owners have opened On Tap, featuring a full bar, casual dining, and live entertainment. Jed Dousevicz of V/T Commercial represented the buyers/tenants, and Met McGovern of Donahue & Associates represented the seller/landlord.

Broker Esther Lotz announced that APPS Paramedical Services leased an office suite at 528 Essex Road in Williston from JNF Investments LLC. Pictured are Patti Champagne, AAPS manager, and Lotz.

Sewly Tailoring leased a 1,031-square-foot retail space at Dorset Square Mall, unit 332, 150 Dorset St., South Burlington, from Dorset Square Associates. Rick Harrison of NAI J.L. Davis Realty was the listing and leasing agent.

Bob Berman, the owner of Instrumart, purchased a 14,000-square-foot commercial building at 35 Green Mountain Drive in South Burlington from General Electric. Doug Nedde of Redstone represented the buyer, and Tony Blake and Bill Kiendl of V/T Commercial represented the seller.

Terrance Youk of Brook Hollow Productions bought The Savoy Theater in Montpelier from Rick Winston and Andrea Serota. John Beal of Vermont Business Brokers was the listing broker, and Sharon Beal of Vermont Business Brokers was the selling broker.

Broker Esther Lotz announced that Brooklyn Adventure Outfitters Inc. leased 4,500 square feet at 450 Weaver St. in Winooski for a kayak production facility. Dubilier Realty Inc. is the landlord. Pictured are Mathias Dubilier and Lotz.

Video Products Distributors Inc. leased a 1,817-square-foot office suite at 54 W. Twin Oaks Terrace, Suite 12, South Burlington, from One Twin Oaks Associates. Rick Harrison, NAI J.L. Davis Realty, represented the owner, and Megan Terry of Signature Properties of Vermont represented the tenant.

Mutual of Omaha leased a 2,717-square-foot office suite at Suite 301, 380 Hurricane Lane in Williston from Hillside Properties Inc. Rick Harrison, NAI J.L. Davis Realty, was the listing and leasing agent.

Dealer.com leased 7,500 square feet at The Maltex Building in Burlington. Yves Bradley of Pomerleau Real Estate and Linda I. Letourneau of Redstone were the listing and leasing agents.

Atsalis Brothers Painting Co. leased a 963-square-foot office suite at 54 West Twin Oaks Terrace, Suite 16, South Burlington, from One Twin Oaks Associates. Rick Harrison, NAI J.L. Davis Realty, was the listing and leasing agent. •

Abe and Jean Brown sold a 30-apartment HUD housing facility/apartment to Vermont Housing. John Beal of Vermont Business Brokers was the listing and selling broker.

Vermont Business Brokers represented Dennis Morey and Marie Perry in the sale of Den Mar Plastics, their Addison County company, and real estate to Injections LLC. John Beal was the listing broker, and Sharon Beal was the selling broker.

Paul Lapotosky sold Creek Run Car Wash in Middlebury to Len Knapp Miller. John Beal of Vermont Business Brokers was the listing broker, and Sharon Beal of Vermont Business Brokers was the selling broker.

Jim and Susan Fitzpatrick, president and vice president of SchoolSpring in South Burlington, announced the opening of an office in Illinois to expand the company’s reach into the Midwest, with a concentration in Illinois, Oklahoma, Texas, and Missouri. Will Pearson of Edwardsville, Ill., was hired as regional account executive for the Midwest. SchoolSpring is an educational job search Web site.

Green Mountain Coffee Roasters Inc. announced the acquisition of Timothy’s Coffees of the World Inc. of Toronto from an affiliate of Sun Capital Partners Inc. for approximately $157 million. The acquisition includes the Timothy’s World Coffee brand and wholesale business, but does not include retail operations. It will be maintained as a wholly owned Canadian subsidiary with operations integrated into GMCR’s specialty coffee business unit. The retail portion of Timothy’s business was purchased by Bruegger’s Enterprises Inc. and will continue to support the Timothy’s brand across Canada. GMCR’s acquisition includes a five-year coffee supply agreement with Bruegger’s Canadian affiliate.

Mark Saba, the owner of Formula Ford of South Barre, announced the purchase of Walker Motors in Montpelier from Wade Walker. Formula Ford’s operation will move to the Walker Motors site on the Barre–Montpelier Road. Walker will continue to operate his other dealerships.

Steve Gonsalves (center) of Gonzo’s Golf moved his indoor golf business and pub to 1860 Williston Road in South Burlington. The location, owned by South Burlington Real Estate, has updated and new simulators and occupies about 5,500 square feet. Jed Dousevicz (left) of V/T Commercial assisted the tenant, and Tim McKenzie of South Burlington Real Estate assisted the landlord.

Edgewater Gallery has bought the Middlebury property at 1 Mill St. from Frog Hollow Craft Association. The property was the longtime home of Frog Hollow Craft Center and its educational partner. Duncan Harris of Redstone and Ingrid Jackson of Ingrid Jackson Real Estate exclusively represented the seller. Jackson procured the buyer.

Green Mountain Concert Services Inc., Green Mountain Flagging LLC, and Catamount Accounting and Tax Services PLLC leased a 2,000-square-foot office building at 67 Center Road in Essex from Mark Johnson of Colchester. The three companies relocated their operations from Hinesburg to the new location.

Candy Weston of Weston Design leased 1,000 square feet of office space at 80 Ethan Allen Drive, Unit 2, South Burlington, from Glenn and Ronalyn Cummings. Nick Grimley of J.L. Davis Realty was the listing and leasing agent.

Asa Turner leased an office suite at 174 Battery St., Burlington, from Stern Properties LLC. Linda I. Letourneau of Redstone was the listing and leasing broker.

The Outdoor Gear Exchange leased 2,464 square feet of retail space at 90 Church St., Burlington, for a seasonal store through the holidays. Bill Kiendl assisted the landlord and the tenant.

Broker Esther Lotz (left) announced that Jeff Templeton Jr. leased space at 70 Roosevelt Highway in Colchester for a glass shop to focus on architectural and energy solutions for industry. Rebecca Lemire, for the Estate of Clark W. Hinsdale Jr., is the landlord.

Keith P. Walsh (right), Au.D., the director of Adirondack Audiology Associates, leased medical office space at 112 Lake St., Burlington, from Haigh Mill Associates LLC. Linda I. Letourneau of Redstone was the listing and leasing broker, and Ken Resi was the owner representative.

Glenn and Ronalyn Cummings leased 1,620 square feet of industrial space at 89E Ethan Allen Drive, South Burlington, from J&M Auto. Nick Grimley of J.L. Davis Realty was the listing agent, and Peter Yee of Redstone was the leasing agent.

Luce Ventures sold a restaurant in the Ethan Allen Shopping Center, 1127 North Ave., Burlington, to G. Roy Corp. The new restaurant, Norm’s Grill, will have a sports bar and grill theme and an affordable, family-style menu. Tony Blake of V/T Commercial assisted the buyer and seller.

Broker Esther Lotz announced that Steve Goldfield (center) and Taylor Congleton (right), the owners of Overland Corrosion Protection, a vehicle rust-proofing service, leased an application facility at 76 Ethan Allen Drive, South Burlington, from W. Thomas Anderson, d/b/a Anderson Properties. Duncan Harris of Redstone was the tenant’s broker.

Broker Esther Lotz (right) announced that Jacob Bogre of the Vermont Association of Africans Living in Vermont Inc. leased space at 72 North Champlain St., Burlington, for a community center. Maggie Sherman of North Champlain Associates is the landlord.

Maple Mountain Woodworks LLC bought 7 acres of land and a 24,000-square-foot commercial/industrial building at 484 Hardwood Hill Road in Richford from Stairs Unlimited. Linda I. Letourneau and David Jacobs of Redstone were the listing and selling brokers. •

Semiprobe leased 5,000 square feet of office and warehouse space at 4 Hillside Park, Winooski, from Hillside Park Ltd. Greg Dirmaier of J.L. Davis Realty was the listing and leasing agent.

Omer Alicic, a partner in General Handiman Services, leased an office from Catamount Holding Co. at the Chace Mill, One Mill St., Burlington. Linda I. Letourneau of Redstone was the listing and leasing broker.

A hair salon, What’s Mom Doing Now.com, leased space at 171 Battery St., Burlington. Linda I. Letourneau of Redstone was the leasing broker, and Yves Bradley of Pomerleau Real Estate represented the landlord, Tarwood N.V.

Retina Eye Center of Vermont Inc. leased 7,500 square feet of medical space at 99 Swift St., South Burlington, from Ninety Nine Swift Street Associates LLC. Linda I. Letourneau of Redstone was the listing broker.