Bank pays $3.8M for site of former Disston property
SOUTH DEERFIELD — LaSalle Bank National Association now owns the heart of the Deerfield Industrial Park.
On Monday, a bank representative, Emma Rothfeld Yasher, bid $3.8 million for the former Disston Tools facility at 5 Industrial Drive West.
The public auction on the 270,000-square-foot site went quickly and quietly.
The bidding started off at $75,000. Mark Valone of Greenfield Road, LLC., a real estate company, bid $1 million. But LaSalle Bank quickly upped the amount to $3 million. The bank later upped the bid on itself to $3.8 million.
No other people present made bids.
Robert Decker and Ralph Healey from the Deerfield Economic Development and Industrial Corp.watched over the proceeding. The corporation owns the 75-acre park.
Gary Griswold, a plant engineer and project manager for Bayer MaterialScience, which has a facility close by in the Whately Industrial Park, was also present. Bayer has asked Deerfield for a sewer hookup for its expanding plastic producing business.
Although James Pasiecnik of Whately recently said he was interested in the building as a possible site for a medical marijuana dispensary he seeks to open, there was no sign of him Monday morning.
Other people present declined to give their names or say who they represented.
For 15 years, Disston made saw blades and tools in the Deerfield Industrial Park. Until after years of layoffs and downsizing, the company moved operations to Chicopee in April to save costs.
Disston leased the property from Deerfield Plaza LLC, but the company was foreclosed on by LaSalle Bank.
You can reach Kathleen McKiernan at:
or 413-772-0261 ext. 268.