NEWPORT BEACH, Calif. - May 16, 2019 - Californer -- Vosht Capital is pleased to announce the closing of a 58,000 square foot industrial manufacturing warehouse in Fitchburg, Massachusetts. The site, located at 25 Newport Street, is poised to bolster the surrounding Fitchburg economy by generating jobs and a significant amount of income tax revenue that will positively impact the city's infrastructure.
Structuring the real estate deal in all equity, CEO and managing partner Dmitriy Chebotarev calls the project, "a win not only for Vosht and our stakeholders, but also for the community of Fitchburg Massachusetts". At full capacity, this industrial facility will create more than 50 jobs.
Heading the operations team in Fitchburg, Massachusetts, Vosht Capital partners Hunter Slay and Brian Arandez have worked diligently with the city for more than 6 months to get everything in place. Working in tandem with their tenant, they have forged a strong relationship with the local city government of Fitchburg. "We look forward to working with this historically and culturally rich city to revitalize historic areas of Fitchburg and other surrounding rustbelt communities" said Mr. Slay.
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This acquisition represents the first in a line of future projects for Vosht Capital in the Northeast markets. "Our model of structuring deals in all equity holds true for future projects out here in Massachusetts and other Northeast and Midwest markets. We believe we can plug and play success through other key markets in the area" said Mr. Chebotarev.
About Vosht Capital:
Vosht Capital is a leading investment firm based out of Newport Beach, California. The venture capital division of Vosht focuses nationally on business-to-public-sector tech companies with social impact, while the real estate branch focuses on value-add acquisitions in an all equity structure. Founded in 2013, Vosht has had success nationwide and developed relationships internationally to bring value to U.S. national markets.
www.vosht.com
Structuring the real estate deal in all equity, CEO and managing partner Dmitriy Chebotarev calls the project, "a win not only for Vosht and our stakeholders, but also for the community of Fitchburg Massachusetts". At full capacity, this industrial facility will create more than 50 jobs.
Heading the operations team in Fitchburg, Massachusetts, Vosht Capital partners Hunter Slay and Brian Arandez have worked diligently with the city for more than 6 months to get everything in place. Working in tandem with their tenant, they have forged a strong relationship with the local city government of Fitchburg. "We look forward to working with this historically and culturally rich city to revitalize historic areas of Fitchburg and other surrounding rustbelt communities" said Mr. Slay.
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This acquisition represents the first in a line of future projects for Vosht Capital in the Northeast markets. "Our model of structuring deals in all equity holds true for future projects out here in Massachusetts and other Northeast and Midwest markets. We believe we can plug and play success through other key markets in the area" said Mr. Chebotarev.
About Vosht Capital:
Vosht Capital is a leading investment firm based out of Newport Beach, California. The venture capital division of Vosht focuses nationally on business-to-public-sector tech companies with social impact, while the real estate branch focuses on value-add acquisitions in an all equity structure. Founded in 2013, Vosht has had success nationwide and developed relationships internationally to bring value to U.S. national markets.
www.vosht.com
Source: Vosht Capital
Filed Under: Real Estate, Investment
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