Brownfield site sold for $7.1 million
NASHUA – The 41-acre former Hampshire Chemical site on East Spit Brook Road sold this week for $7.1 million. Although the plans for this property are still uncertain, there is a possibility it could eventually be a train stop in the event Nashua gets commuter rail service.
Dick Anagnost, president of Manchester-based Anagnost Investments Inc., on Friday confirmed to The Telegraph that he is the buyer.
Anagnost is unsure how the site or how much of it will be developed. Nonetheless, the engineer and environmental consultant Anagnost hired will begin the process of determining the best approach for the site.
“It’s the last property of its size in that area – the last major parcel on (Daniel Webster Highway) in South Nashua,” Anagnost said.
Although Anagnost is unsure what the property will be used for, he said he is looking forward to exploring several concepts. With it being so close to Massachusetts, Anagnost, who is in favor of the rail, said he wants transit-oriented development.
“That area is pretty busy now, but it would help take cars off Route 3 and put them into rail,” Anagnost said of a passenger train.
He said within a two-mile radius of the site, there is already a significant amount of development and redevelopment that takes place, and that having a train stop there would be booming for the city.
“What’s good for the city of Nashua down here is also good for the state of New Hampshire,” Anagnost added.
The property has been dormant for almost two decades until now. Nashua Economic Development Director Tim Cummings said this site is also the former the W.R. Grace property, but that Dow Chemical Corp. was the most recent owner of the land until this week’s purchase. Additionally, he said part of the site is contaminated.
“I would say approximately 10 acres are under monitoring by the state, and that there is an action plan to clean it up underway,” Cummings said. “My understanding is, relatively speaking, this is cleaner than typical, but it is still a brownfield site.”
Adam Urquhart can be reached at 594-1206, or email@example.com.