The sale has been negotiated by Ozzy Properties and its president, Orit Goldstein, who commented, “This is a vital turning point for this facility and ultimately for the economic health of the region. We remain committed to responsible redevelopment and reuse of this property that will result in long lasting benefits for the entire Merrimack Valley. This property has played an important historical role over several decades in driving the Merrimack Valley region’s economy and we foresee great things yet to come.”
Hillwood will oversee the construction in several phases, the first of which requires the separation of the Osgood Landing office building from the balance of the industrial infrastructure. When complete, the office property will be a separate, stand-alone structure. The work will include the installation of new utilities, parking fields and landscaping.
Ozzy Properties will retain the existing office building of over 400,000 square feet including more than sixty acres to support the building and the relocation of the existing solar array on site. Osgood Landing will remain the home to nearly two dozen businesses including medical device, computer and data service developers, financial services and education organizations, and green technology firms. New tenants are welcome throughout the construction project.