Common Contracts
1 similar Tax Increment Financing Agreement contracts
Campanelli sells 71.67 acres to Home Depot U.S.A. forTax Increment Financing Agreement • October 21st, 2022
Campanelli Companies recently sold a fully permitted 71.67-acre site to The Home Depot U.S.A. Inc. for $5.769 million. The deal includes a fully executed Tax Increment Financing (TIF) agreement related to the construction of approximately 650,000 s/f of commercial space in The Campanelli Business Park of Westfield. "This major win for Westfield and Western Mass. is a testament to the experience, knowledge and professionalism of Campanelli Companies," said Kevin Jennings, principal of Jennings Real Estate Services. "Putting together a project in Western Mass. in the present economic environment was an incredibly challenging process, but Campanelli Companies was able to construct the necessary infrastructure and position the property as one of the premier shovel-ready industrial parks in New England." Jennings represented The Campanelli Business Park of Westfield in the transaction.
