Lemforder drops price for Brewer property $1M

By Nok-Noi Ricker, BDN Staff
Posted June 07, 2010, at 9:04 p.m.

BREWER, Maine — Lemforder officials have dropped the price of their 126,000-square-foot building, used for decades to make drive line and chassis components for foreign and domestic cars, by $1 million, the real estate agent said Monday.

The 12.44-acre property includes the building and 344 parking spots at and around 55 Baker Boulevard. The property was first listed about one year ago.

β€œIt was listed at $3.5 million, and now it’s at $2.5 million, which brings it just under $20 a square foot,” said Bev Uhlenhake of Epstein Commercial Real Estate.

With 116,850 square feet of industrial space and an additional 9,408 square feet in office space, the new price breaks down to around $19.80 per square foot.

Lemforder officials announced in January 2009 that the plant, which was a worldwide supplier of tie-rod ends and ball joints for Ford, General Motors, Chrysler and Mercedes Benz, would close in mid-2010.

All of the equipment has gone to other company locations around the country, and the company sold its 55,000-square-foot warehouse at the end of May.

The Brewer Lemforder factory opened in 1980 and was the first North American plant built by the parent company, German-based ZF Lemforder, a worldwide auto parts supplier.

When it was announced that the factory would close, Lemforder was the city’s second-largest taxpayer with a property value of just under $26 million and employed 127 of the 400 original employees.

β€œWe really realize that we’re not just attracting a buyer — we’re attracting a major employer for the community,” said Uhlenhake, adding that her company is working with the city and others to find a business to replace Lemforder and provide the laid-off workers with new employment.

Company officials made the decision to drop the price late last week, but waited until Monday to make the official announcement, she said.

Those interested in finding out more about the property can see the listing at epsteincommercial.com.

http://bangordailynews.com/2010/06/07/business/lemforder-drops-price-for-brewer-property-1m/ printed on July 24, 2014