Bennington Brush property sells for $300K
BENNINGTON — The property that includes the former Bennington Brush Co. building on North Street — along with an adjacent, vacant parcel — changed hands last month, according to town records.
Dionysus, LLC, owned by Paul Carroccio, chief executive officer of TPW Real Estate, and California-based WKT Holdings, LLC purchased the Brush parcel, located at 184-190 North St., from Applejack Historic Real Estate, LLC for $300,000.
The same companies bought 113 Depot St., the former Henry M. Tuttle Co. lumber and hardware site, from Apollo Industries, Inc. for $405,000. The seller had held a mortgage on the property and took possession of it earlier this year.
"Our plan is to clean up the Brush building and get it fully leased out," Carroccio said Wednesday.
The owners are also working on a site plan for a potential mixed-use housing development on the Depot Street lot, Carroccio said. "That won't be a vacant lot for long."
The North Street parcel features multiple historic structures, including the former Taylor's Garage building that has a yellow-brick facade; a small, detached white office; and the red-brick Brush building.
The Bennington VA Clinic and Raven Specialty Products, a plumbing and heating product manufacturer, will remain tenants at the site, Carroccio said.
Two new tenants — KOV Gym, a mixed martial arts gym currently located at 114 Gage St., and Dawne's Cutting Edge, a salon that indicated on social media earlier this year that it was looking for a "permanent home" — soon will move into a part of the L-shaped complex behind the clinic, Carroccio said.
Bobby Gibbs, owner of KOV Gym, said the business will be occupying about 4,500 square feet of space. The size of the gym's current, 1,750-square-foot space has constricted its growth, said Gibbs, who has planned promotions for the beginning of January.
Dawne Trackey, owner of Dawne's Cutting Edge, said her three-station salon will occupy nearly 1,000 square feet of space. Gibbs, her son, has been trying to persuade her to workout at his gym, she said. Once the two businesses are co-located, she suspects he may finally get his wish.
The town's Historic Preservation Commission on Wednesday approved a permit for a sign that will display the names of five tenants at the site, which still has "some" leasable space available, Carroccio said.
Two future tenants that Carroccio described as "solid" and "very good for our community" but did not identify will be moving to the site in about 18 months, he said.
TPW Real Estate is the listing agent for the Putnam Block. "I'm bullish on Bennington," Carroccio said.
Carroccio said WKT Holdings is owned by his business partners.
The Brush building was built in the mid-1800s for the Eagle Iron Works, according to a handbook for the Central Bennington Historic District.
Contact Luke Nathan at firstname.lastname@example.org.
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