Lantor Inc., which left its 125 Dept St. location in Bellingham about a year ago, has sold the building for $1.75 million.
The 87,200-square-foot building was sold to R & T Realty Corp., which plans to relocate two of its manufacturing subsidiaries – Hilliard Precision Products of Franklin and Sanweld Industries of Oxford – to the Bellingham property.
Marlborough-based real estate firm O’Brien Commercial Properties Inc. represented Lantor in the transaction and also landed the buyer.
R & T bought 125 Dept St. with a loan package that allows for the purchase and refurbishment of the building.
Lantor sold its business operations to Ahlstrom in 2006 and the company operated three shifts in Bellingham until October of last year when about 70 employees were laid off and another 12 were relocated to the company’s new home in South Carolina.
