Condyne Capital Partners, LLC | NORTON COMMERCE CENTER TENANT SERIES PRESENTS: HORIZON BEVERAGE
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Nov 29 2016

NORTON COMMERCE CENTER TENANT SERIES PRESENTS: HORIZON BEVERAGE

Since 1998, Jeff and Don O’Neill have been in the real estate development business. Their organization formed to capitalize on development opportunities within the warehouse and transportation industries, and their first clients originated from the former O’Neill owned Condyne Freezers and Condyne Logistics. Following the divestment of both companies, Jeff and Don O’Neill focused on fostering real estate development opportunities within the industrial market, in particular, distribution centers. The O’Neill’s continued their entrepreneurial endeavor and formed additional entities to comprise Condyne and its affiliates as a full-service real estate development firm that utilizes vertical integration to be a single-source provider for all development needs including consultation, design, engineering, construction, and property management. The organization has developed in excess of 10 million square-feet across the New England region.

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Condyne and its affiliates have acquired and/or developed 15 industrial business parks in Massachusetts and Rhode Island since its inception including the Norton Commerce Center. The Norton Commerce Center located at 15 Commerce Way in Norton, Massachusetts, and there are 14 current tenants in its office and warehouse assets. In recent months, Condyne has moved forward with a proposal for a new industrial business park to be constructed on the former Houghton Land in the Town of Norton. The new development shares similarities to the Norton Commerce Center including its location and intended use. Therefore, in the coming months Condyne will present the “Norton Commerce Center Tenant Series” to introduce the Town of Norton to the businesses the firm has attracted to the area as well as the benefits each one brings into the community in an effort to familiarize residents with their industrial neighbors.

 

MEET HORIZON BEVERAGE

Horizon Beverage is the region’s premier wholesale distributor of beer, wine, and spirits. Its headquarters has been situated in the Norton Commerce Center for 4 years. The organization boasts 450 full-time workers in its Norton location and 700 nationwide. The organization presents an abundance of work opportunities to qualified residents in Norton and the surrounding areas with more than half of its workforce at the Norton Commerce Center location.

 

In 2012, Horizon Beverage purchased the former General Motors Warehouse and Distribution Center within the Norton Commerce Center, and Condyne sold the 2 adjacent land parcels to the organization to comprise a whole development transaction. The former GM Warehouse measured 404,000 square-feet (s.f.) before Condyne and its affiliates implemented a complete rehabilitation and expansion to the building. The firm added 60,000 s.f. of office space, and 100,000 s.f. of warehouse space to transform the asset into a fully-functional distribution center for Horizon Beverage.

 

Since Horizon Beverage has moved into the Norton Commerce Center, the organization has made a notable effort to become involved in charitable initiatives in and around the Town of Norton. The well-known distributor has made several sponsorship donations to youth and high school sports teams, provided Thanksgiving meals to veterans, supported law enforcement memorials, and contributed to the Norton NEED (Norton Embracing Educational Development) and Norton DECA (Distributive Education Clubs of America) programs.

 

Horizon Beverage’s Executive Vice President Michael Epstein talked about the highlights of being a tenant within the Norton Commerce Center. “Norton is a business-friendly community with a talented workforce,” Epstein stated. “Furthermore, the O’Neills have been a valued business partner to Horizon Beverage, and the organization appreciates the relationship we have cultivated with them over time.”

 

Horizon Beverage is an esteemed tenant within the Norton Commerce Center and one of the many examples of a business with exceptional community values that has been attracted to the Town of Norton through Condyne’s real estate development initiatives.

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