Published August 11th, 2020 By: Anne Bretts.
Editor’s note: “Just Sold” is a Finance & Commerce feature based on the newest certificates of real estate value filed with the MinnesotaDepartment of Revenue for commercial sales throughout Minnesota and reports of sales across the country involving local parties. Research includes company and broker documents, online real estate listings, F&C archives, CoStar and other research.
How much wood does Woodchuck USA chuck to make its unique line of gifts?
Enough that founder and CEO Ben VandenWymelenberg is moving it out of its startup space in former Ry-Krisp factory in Minneapolis and buying a larger plant in St. Paul.
Woodchuck Industrial LLC, an entity related to the wood crafter, closed Aug. 5 on the $3.075 million acquisition of the 50,056-square-foot Class C industrial building at 274 Fillmore Ave. E. The one-story building, completed in 1965 on 3.46 acres, includes three docks, one drive-in door and 16-feet of clear height.
Woodchuck’s website describes the company’s commitment to make products in the United States and protect the environment by donating a tree for every product sold. It has donated more than 2 million trees since VandenWymelenberg started the company five years ago.
Products range from bar and home entertaining items to journals, planners and office accessories to custom packaging.
Eden Prairie-based Interstate Development was involved in finding the location.
The seller was Camada Limited Partners, an entity related to The Vomela Companies, which moved in 2019 to a new 300,000-square-foot headquarters at 245 Minnehaha Ave. E. in St. Paul. Founded in 1947 as a small die-cutting business, Vomela now is a nationwide network of companies offering services from design, prototyping, project management, production and fabricating to installation, and kitting and packaging. Products include store décor as well as promotional, event and transportation graphics.
The price works out to $61.43 per square foot.
Place: 274 Fillmore Ave. E., St. Paul
Price: $3.075 million, $65,000 down payment/earnest money, 1031 exchange; $61.43 per square foot
Buyer: Woodchuck Industrial LLC, Interstate Development, Eden Prairie
Seller: Camada LP, St. Paul
Click here for full article: Just Sold: Woodchuck USA buys Vomela’s former HQ