December 2016 marks a significant milestone in the life of the Cherry Hill Industrial Park here in Beverly as we begin to make way for constructing the new US Corporate headquarters for KROHNE Inc. KROHNE is a world leading manufacturer and supplier of solutions in the industrial process instrumentation field. KROHNE is relocating their US headquarters to one of the last vacant sites on the Beverly side of the Industrial Park. This move includes complete demolition of a 55,000sf office building that was built in the early 1990’s to make way for 93,000sf of new manufacturing and office space in two separate buildings on the 10 acre site. This project is significant for a number of reasons – most interestingly this is the first of the original buildings built in the park to be demolished to make way for new construction. The project is a telltale of today’s market trend – low supply of specialized manufacturing and office space in the area is driving customers to seek out dated buildings based on their location. The cost to remove and build new is more efficient than major modification and addition to an existing dated building. Stay tuned for more progress.
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