Please do not leave this page until complete. This can take a few moments.
Polar Beverages has agreed to lease nearly 100,000 square feet of space at the former A. Schulman manufacturing plant on Millbrook Street in Worcester.
The lease expands Polar's presence in its longtime home city at a time when the company is riding a wave of popularity of seltzer nationwide. In July, Polar said it signed a long-term franchise agreement with Keurig Dr Pepper that will take Polar to a national distribution.
Lexington-based Stubblebine Co., which announced the lease on Monday, procured Polar and represented the site's owner, the Boston real estate advisory and development firm GFI Partners. For Polar, the former chemicals manufacturing building provides space along an active rail line, similar to its main site off Southbridge Street, and a close proximity to the interchange of interstates 190 and 290.
GFI Partners bought the site at 53 Millbrook St. in March from an entity of LyondellBasell, a chemicals firm with American headquarters in Houston that bought A. Schulman and closed the Worcester site last year.
Polar already occupies more than 313,000 square feet of space off Southbridge Street, where its main offices are also based. It also leases space for shipping and receiving at 26 Southbridge St. in Auburn.
Polar appears bound for a deeper name recognition beyond its New England base with the deal with Keurig Dr Pepper, whose Keurig offices are based in Burlington. Keurig Dr Pepper already had a deal for Polar to manufacture and distribute the coffee and soda giant's brands in the Northeast. The new deal announced this summer expands that partnership by manufacturing, distributing and selling Polar's seltzers in the majority of Keurig Dr Pepper's direct-store delivery footprint.
Polar now has availability in 35% of the national market, according to Keurig Dr Pepper.
Polar, a 138-year-old company run by the Crowley family, is the third largest seltzer seller nationally behind LaCroix and Bubly, according to a Wells Fargo analysis of Nielsen data by The Wall Street Journal.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments