AIC Ventures Engages Haynes Group, Inc. for Demolition & Content Liquidation to Repurpose 618,000-Square Foot Facility in MA

BOSTON, March 21, 2012 /PRNewswire/ -- AIC Ventures recently engaged the Chameleon Division of Haynes Group, Inc. for demolition work and content liquidation to repurpose the commercial building space at 35 United Drive in West Bridgewater, MA. 35 United has one of the largest commercial building footprints in New England and is the former office and warehouse space for the Woman's Apparel Group, housing their internet sales and retail distribution operations for woman's clothing and accessories in brand names such as Chadwick's, Metrostyle and Closeout Catalog Outlet.

AIC, with offices in Austin, TX, Dallas, TX and Chicago, IL, is the leading provider of office and industrial sale leaseback finance solutions that enable middle-market businesses to access the capital in their real estate. They have nearly 20 years in business and real estate financing transactions totaling over $1 billion. Haynes Group is headquartered in North Easton, MA and specializes in commercial construction and renovation, tenant build outs, project and construction management and related services.

In this initial engagement Haynes Group will be responsible for liquidation of all contents, demolition of 272,000 square feet of steel mezzanine weighing over 1,000 tons and dismantling of 130,000 square feet of automated racking systems.

"Haynes Group was the logical choice for this job because of their project management experience over the last ten years, their Chameleon Division capabilities and the fact that they are a local company with a great reputation and the same levels of creativity and integrity that has made our company successful," said Brian Loft Director of Asset Management in AIC's Chicago Office.

Haynes Group principal Mike Haynes was excited about the opportunity to participate in reactivating a local commercial property that has employed 3,800 people. "It has been a pleasure to partner with AIC Ventures, highlight the unique services that our Chameleon Division can deliver, donate truckloads of clothing and furniture to children's and veterans groups and help ready this prominent building for new tenants and new employment in the area."

AIC Ventures structures innovative corporate finance solutions for companies facing limited, short-term or expensive alternatives for capital. The company has closed more than 100 transactions in 28 states. Whether sellers need to close quickly, have private equity interests, environmental or other challenges, AIC Ventures can help. For more information, visit www.AICVentures.com

Haynes Group has 4 divisions to provide "The Complete Solution" for clients needing tenant improvements, commercial and residential construction and renovation, including demolition and site work. Haynes Group has experience in office space, large condo projects and club houses, bars and restaurants, auto dealerships, warehouses, historical renovation, senior living and more. For more information, visit www.haynesgroupinc.com

SOURCE Haynes Group