EAST PROVIDENCE – The American subsidiary of a world metals firm lately bought a 50,000-square-foot industrial facility in East Windfall for $4.8 million, in line with publicly obtainable paperwork confirming the sale.
The manufacturing facility at 76 Industrial Manner was lately offered by Pure Realty LLC to Glencore Recycling LLC, in line with a replica of the Guarantee Doc, a publicly obtainable doc evidencing an actual property transaction. The vendor was represented by RI Actual Property Companies.
In line with public information, Glencore already owns different properties on Industrial Manner, together with a 28,400-square-foot recycling middle at 80 Industrial Manner. The corporate has an workplace at 41 Industrial Manner.
Glencore states on its web site that its services in East Windfall are designed to gather and put together samples of supplies containing valuable metals that come from discarded gadgets produced by the electronics business. Glencore stated all supplies collected on the Rhode Island plant are later despatched to the Horne copper smelter in Quebec, the one copper smelter nonetheless in operation in Canada.
Glencore Worldwide AG is predicated in Baar, Switzerland with main operations in Canada in addition to the US, South America, Africa and Asia. Glencore, based in 1974, positions itself as one of many world’s largest diversified mining corporations. In 2013, the corporate acquired Xstrata by the merger of two main Canadian mining corporations, Noranda Mines Ltd. and Falconbridge Nickel Mines Ltd., each of which date again to the Nineteen Twenties.
Earlier this yr, MG Industrial Actual Property Companies Inc. leased 20,000 sq. toes of vacant area in a constructing at 76 Industrial Manner.
One other a part of the constructing, Suite 1, has lengthy been the house of Emmeci USA LLC, and the corporate continues to listing this constructing as its US headquarters. Emmeci USA was based about 25 years in the past as a division of the worldwide Emmeci Group, based mostly in Italy, which is a number one provider of kit for the manufacturing of inflexible cardboard containers for reward and merchandise packaging.
It wasn’t instantly clear whether or not the current property sale would have an effect on Emmecha’s hire. A voicemail message left on the firm workplace asking for remark was not returned as of the deadline for this story.
The 76 Industrial Manner property was final valued by East Windfall appraisers in fiscal yr 2022 at $2.41 million, in line with town’s on-line database of property appraisal information.
The one-story industrial constructing was inbuilt 1983 on a 3.45-acre website, together with 82,000 sq. toes of paved parking floor.
Mark Larock is a PBN contributor.
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