Construction of a 450,000-square-foot fulfillment center for Billerica-based consumer catalog company Potpourri Group Inc. has begun on a 52-acre parcel in Littleton.
Braintree-based Condyne LLC and Square Mile Capital Management of New York are partnering on the build-to-suit project, which is scheduled for completion in the first half of 2016.
Potpourri is relocating and expanding its fulfillment center to the new high-bay facility situated at 3 Distribution Circle. The relocation will include the addition of a 150-person call center, along with warehouse support and management functions. The automated facility will feature 400 parking spaces, 18 shipping and receiving docks and 14 trailer staging bays.
Potpourri expects to create 130 full-time jobs and will retain and relocate 227 of its existing employees. Total capital investment will be approximately $49 million at final build-out, comprising $35 million for soft and hard construction costs and $14 million to support the redevelopment.
Potpourri markets to consumers through its 15 brands through web sites and distributes 250 million catalogues annually including Serengeti, Country Store and Young Explorers.
Greg Zais and Neil Ross of JLL Boston represented Potpourri, while Deborah Tamulis of Thomson Partners Boston represented Littleton Land LLC in the transaction. Lynn Tokarczyk, government incentives consultant for Business Development Strategies Inc., helped Potpourri obtain local and state incentives.
Newton-based Diversified Project Management is providing Potpourri with project management services. Boston Industrial Consulting of Danvers is working with Potpourri on design and implementation of equipment.
The project is financed by M&T Bank Corp.
Other members of the development team include Polar Design Build Inc. of Braintree, Curtis Architectural Group of Natick, Flood Consulting of Hudson Avid Engineers of Billerica and Condyne Engineering Group of Braintree.
The joint venture partners have owned the land since 2013. It is adjacent to an existing 480,000-square-foot facility, which also is owned by the group and leased to multiple tenants.
“This is a great opportunity for the partnership to complete the master plan development of a first-class industrial park in the business-friendly community of Littleton,” Jeffrey C. O’Neill, managing partner of Condyne, said in a statement.
