Hilco Corporate Finance logo
To exceed customer expectations, Hilco Corporate Finance has carefully built our organization to go beyond the traditional investment banking services offered by thousands of competitors.
Learn More

Investment Banking Services

Hilco Corporate Finance will identify, evaluate, select and pursue the best options for each unique situation. Our team of experts will formulate value projections, identify counter parties, prepare marketing materials, and assist with the myriad of issues and decisions you may face within your unique situation. Our team of professionals will provide proven leadership and a global reach with a track record of success for middle market companies.

Learn More

Added Value Services

We create incremental value in the transaction process for Middle Market Companies. By taking advantage of our extensive platform of services, resident knowledge and global reach we work to identify the intrinsic value of the business asset, deliver a clear approach to maximize and monetize the value of that asset, and provide valuation services including lending, financial reporting, compliance, fairness opinions, tax, and dispute resolution.

Learn More

Middle Market Focus

For 30 years Hilco Global has focused on Middle Market customers. We understand the marketplace well. Our corporate finance organization focuses on transactions between $20 and $250 million for small and middle-market companies headquartered in North America and larger companies wishing to acquire, merge or divest divisions.

We are industry agnostic. We have significant experience in retail, consumer products, manufacturing, healthcare, business and professional services, financial services, automotive, energy, technology, among others.

Learn More

News

Hilco Real Estate Announces an Opportunity Zone 125± Acre Development Site for Sale

Aug 02, 2019

Hilco Real Estate, LLC announces the new listing of a 125± acre development site in Groveton, N.H., for sale in a Federally Designated Opportunity Zone – a parcel of land ideal for the energy, manufacturing and technology sectors and easily divisible and ready for immediate redevelopment.

Opportunity Zone Site for Sale

The site features a natural gas transmission system tap – the only tap in New Hampshire with direct rail, truck and pipe access – as well as ownership of all electrical poles and transmission lines.

Since 2014, more than $15 million has been invested by current ownership on land acquisition, site demolition, environmental remediation, renovation to the existing warehouse and buildings, and improvement of the site’s utility infrastructure. Current ownership has also worked diligently with various local and state agencies to secure funding for water and sewer, access roads and increase telecom coverage.

In addition to the tax incentives available through the Opportunity Zone program, the site may qualify for additional federal and state incentives, including the New Market Tax Credit Census Tract, the New Hampshire Research and Development Tax Credit, the Coos County Job Creation Tax Credit, the Economic Revitalization Zone and the New Hampshire Job Training Fund. An on-site Co-Gen power facility (not included in the sale) may provide electricity to facilities at below-market rates. The potential for reduced electricity rates, combined with the associated revenue from the transmission and distribution of the electricity through the existing poles and transmission line infrastructure, add further value for the buyer.

The site is the setting for much local history as well, as it is the former site of the Wausau Paper Mill. In 2016, NSA Industries, a metal fabrication company out of St. Johnsbury, Vt., leased (and have since purchased) 73,000 sq. ft. of manufacturing space on the site and were able to immediately fill more than 100 jobs by tapping into the surrounding area’s skilled workforce. Current ownership hopes to find the right buyer and end user for the site who will continue to provide great employment opportunities for residents.

This development site is located approximately 1 mile from the N.H./Vermont border, 36 miles from the Canadian border, 2.5 hours to the Portland International Airport & Port, 3 hours to Boston and 3 hours to Montreal, Quebec. The site has direct access to Canada via the Vermont Rail System.

Jeff Azuse, Senior Vice President with Hilco Global, said, “Hilco Real Estate is excited to offer this sprawling development site for sale that holds so much history – a site that holds incredible potential for an energy, manufacturing or technology end user, and great opportunity for the residents of Groveton.”

Azuse continued, “The gas tap, power lines and on-site power facility, along with the potential for incentives from federal and state government and the Opportunity Zone program, will provide the right buyer with a ton of value-added potential which few sites in New England can offer.”

For more information regarding site viewings, please contact Ryan Rafter at rrafter@hilcoglobal.com or 631.514.9963, or Jake Soyka at jsoyka@hilcoglobal.com or 847.504.3224. Interested buyers can submit their bids via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to jsoyka@hilcoglobal.com.

 

For further information on the property, an explanation of the sale process and Terms of Sale, or to obtain access to the Virtual Deal Room containing all property due diligence, please visit HilcoRealEstate.com or call (855) 755-2300.


For more information about this or other properties available for sale, please visit HilcoRealEstate.com.
Hilco Global will only use data you have agreed to share with us. You have the ability to view, change and delete data at any time upon request. Please view our privacy policy.

 Hilco Global - Vested on your success

Visit Hilco Global to discover the full array of valuation, monetization and advisory business solutions.

Learn More