Long Time Cape Cod Manufacturer Plans Relocation

If all goes according to plan, Sapphire Engineering, Inc. will be relocating operations from Bourne to Middleborough, MA.

Sapphire Engineering, Inc., a subsidiary of IDEX Corporation, is a U.S. health and science manufacturer of custom precision analytical and diagnostic components for original equipment manufacturers.

The firm is now located in a leased facility which it has been occupying for many years. This 38,100 square foot flex facility built in 1978, is located just west of MacArthur Blvd. at 53 Portside Drive in Pocasset, MA (pictured above).

The Company, however, has outgrown existing facilities in Pocasset and Hopedale, MA and is seeking to relocate and consolidate its operations in a central facility. Sapphire Engineering, Inc. plans to retain all 170 full-time manufacturing jobs from the two Massachusetts facilities. The move is also slated to create 15 new permanent full-time jobs.

Under the relocation and consolidation measure, the business plans to invest a total of $11.8 million in the Town of Middleborough. This figure includes construction costs associated with the interior build out, clean room space, new machinery and equipment, and projected future investments estimated at $3.5 million.

The proposed facility will be located within Campanelli Business Park of Middleborough, a modern park located off of I-495. Major tenants currently in the park include Christmas Tree Shops (530,000SF), NES Clothing Co. (275,000SF), Serta Mattress Co. (150,000SF).

Although Sapphire Engineering will initially lease approximately 80,000 square feet of manufacturing space, the occupancy includes the option to add 20,000 square feet of expansion space. Construction of the proposed building is scheduled to begin this Spring.

An incentive for making the relocation is a Tax Increment Financing (TIF) component, a feature of the Massachusetts Economic Development Incentive Program (EDIP). The TIF was widely approved at Middleborough Special Town Meeting in October 2008.

Like any good and supporting member of the community, Sapphire Engineering, Inc. will be missed.

Hess Acquires Eleven Cape Cod Gasoline Convenience Stores

On January 30, 2009 Hess Corporation acquired 11 Christy’s of Cape Cod gasoline-convenience stores. The sale evidently included the outright purchase of six properties and lease assumptions on the remaining five facilities. The stores are located in Dennisport, East Falmouth, Hyannis (3), Osterville, Sandwich, South Orleans, South Yarmouth (2) and West Yarmouth.

The total consideration from the recorded deeds indicated a collective price of just under $17 million for the six purchased properties. Lorrie Hecker, Director of Communication – Marketing & Refining for Hess Corporation told CapeCodBusiness.com, “for competitive reasons” full financial terms of the transaction could not be disclosed.

The eleven sites, all of which include convenience stores, were quickly rebranded Hess. The company plans to hold grand openings in the spring to welcome customers and introduce the firm’s product line.

Hess is one of the leading independent gasoline-convenience retailers on the East Coast with 1,370 stations and convenience stores in 14 states including more than 100 sites in Massachusetts.

According to Hess company spokeswoman Lorrie Hecker, “The Hess team is excited about the opportunity to serve additional customers and expand our market presence on the Cape. Christy’s is one of the premier gasoline retailers on Cape Cod, and they share Hess’ commitment to providing customers with exceptional service and value. We see this as a strong fit with the Hess brand promise, and we are delighted to add these Christy’s sites to the Hess retail portfolio.”

All indications are that Christy’s Markets will continue to independently pursue gasoline-convenience stores projects intiated in 2008 which are located in Dennis and Chatham.