As Rocketts Landing continues its ascent with more multifamily and mixed-use projects, some neighboring industrial land has drawn the eye of investors.
Two tracts totaling 13.5 acres at 200 and 300 Orleans St. sold earlier this month for a combined $12.04 million, city property records show. The parcels were most recently assessed by the city at a combined $6.8 million.
The buyer was an entity tied to Ryan J. Gofus. Per his LinkedIn, last year Gofus co-founded New Jersey-based Rampart Real Estate Partners with New York City’s William McAloon.
There is little public information about Rampart. Its website displays only its logo and email address and its LinkedIn describes it only as “a commercial real estate investment firm.”
Emails sent to Gofus and Rampart seeking comment went unreturned.
Paper company Manchester Industries and electronics supplier Strategic Telecom Supply & Solutions operate warehouses on the land at 200 and 300 Orleans St., respectively.
Manchester Industries is owned by Clearwater Paper, a Washington State-based, publicly-traded firm. A spokeswoman for Clearwater said that they do not anticipate any changes to operations at their 165,000-square-foot warehouse due to the sale.
Strategic Telecom Supply, which operates in 81,200 square feet of warehouse space, did not respond to requests for comment by press time.
The seller in the deal was KBT Partnership, an entity tied to Ken Aspinall, Manchester Industrial’s former owner. Aspinall has previously dabbled in developing with a quintet of townhomes in Rocketts Landing.
Just to the west, across the train tracks, another new phase of Rocketts Landing is preparing to get underway.
Not long before the industrial deal on Orleans Street closed, Philadelphia-based PRG Real Estate purchased about 2 acres from WVS Cos., where the two firms are preparing to build a $45 million, 200-unit apartment building dubbed Block 8.