Globalcontractor's Blog

Industrial Property Development

Posts Tagged ‘Bid

3 vacant mills in western Massachusetts are sold

leave a comment »

Wednesday, August 6, 2014

Screenshot 2014-08-09 11.14.18

Associated Press

LEE, Mass. — A Wisconsin-based development company has bought three vacant paper mills in western Massachusetts and is talking with local officials and others about how to use the properties.

Niagara Worldwide of Niagara, Wisconsin, bought the Columbia and Greylock mills in Lee and the Niagara Mill in Lenox Dale. The sale prices weren’t disclosed.

Niagara President Eric Spirtas told The Berkshire Eagle ( ) that his company is working with local officials, other developers and prospective tenants on possible redevelopment of the mills, which were closed more than six year ago by previous owner Schweitzer-Mauduit International. Spirtas also says the company will be seeking the public’s input.

The Columbia and Niagara mills date back to the 1800s, while the Greylock Mill was built in the mid-1960s. All three are in residential neighborhoods.


Information from: The Berkshire (Mass.) Eagle, 

Prepared by:
Eric J Spirtas

USA Address:
 – 1101 Mill Street, Niagara Wisconsin 54151
OHIO – 43840 Ohio #7, Hannibal Ohio, 43931
MISSOURI – 6727 Langley Ave., St. Louis Missouri 63123
+1.314.780.3742 Direct – +1.866.735.9925 Fax


Buying Equipment in Europe – a New NIAGARA Passion!

with one comment

From microwaves, to extruders to power plants; NIAGARA has found an interesting new niche. European equipment disposition.  If you have any need for support, partnership or an opportunity that requires investment in Europe, just let me know.

European Power Plants


Microwave System




Contact information:
Eric J. Spirtas

NW Logo WIDE 5_2011

Niagara Worldwide LLC
1101 Mill Street, Niagara Wisconsin 54151
+1.314.780.3742 Direct – +1.866.735.9925 Fax


There must be a demand for Paper Making Refiners, everybody wants the NIAGARA Worldwide 42 inch Beloit Double “D” Refiner!

leave a comment »

Even with the amount of product on the market, there sure seems to be a demand for the refiners that we have in stock, from our 42 Inch Beloit Double “D”, to our Sprout-Waldron 42 inch unit.

Have you seen all of the NIAGARA Worldwide PRIVATE TREATY Offering’s?

EQUIPMENT TYPE:   42 Inch Beloit DD 4000 Refiner

  • Manufacturer                    Beloit
  • Model                                    4342 HS
  • Serial No.                             D-3041
  • Condition                             Excellent, well maintained


  • Manufacturer                    Louis Allis
  • Model/Type                        WP II X
  • Serial No.                             7AP144L-001
  • Horse Power                      1500 HP
  • Speed                                    510 RMP
  • Power Supply                    4160
  • Volts                                      3 Phase, 60 Hz, 1.15 S.F.
  • Frame                                   7410 Z



 EQUIPMENT TYPE:   42 Inch Sprout-Waldron Refiner

  • Manufacturer                    Sprout-Waldron
  • Model                                    42” T.F.
  • Serial No.                             82-1610
  • Condition                             Good, well maintained


  • Manufacturer                    GE (General Electric)
  • Model                                    5TS 850750C3
  • Serial No.                             EW 8431102
  • Horse Power                      1000 HP (Synchronous)
  • Speed                                    514 RMP
  • Power Supply                    4160 Volts, 3 Phase, 60 Hz, 1.0 P.F.
  • Frame                                   8507 Z
  • Excitation                            250 Volts DC, 36.1 Amps DC

Contact Me to discuss our other refiners, various equipment or even the Beloit and Sprout that you see here.

Let me know if you have any questions, as these units will be moving fast:

Eric J. Spirtas
NIAGARA Worldwide
314.780.3742 –



1512 Washington – Manitowoc Wisconsin 54220 – NIAGARA Worldwide will work with EJ Spirtas Manitowoc LLC and Manitowoc Development Patners LLC to Re-New this City Block

with one comment

What do we do with this “Historic City Block”?

First Thought… Redevelop…?

Second Thought… Wreck…?

Anyone?  Anyone?

Manitowoc /1512WashingtonSt.jpg



Historic Mirro Building
Developed By: EJ Spirtas Manitowoc, LLC
5 Building Complex
7 Story High Rise – 500,000 Sq Ft
6 Story High Rise – 400,000 Sq Ft
3 Story – 250,000 Sq Ft
5 Story Connector – 150,000 Sq Ft
3 Story Connector – 125,000 Sq Ft
6 Acre Property

Historic Downtown Development Opportunity

Take your business to 1512 Washington Street, Manitowoc, Wisconsin.

Building Description

The historic Mirro plant has more than 1,000,000 square feet of space on a 7.49 acre redevelopment site that is located on the edge of Historic Downtown Manitowoc.

Within walking distance of downtown amenities such as the Capitol Civic Centre, the Wisconsin Maritime Museum, Rahr West Art Museum, Manitowoc Riverwalk, Manitowoc Marina, Manitowoc Yacht Club, Mariners Trail, Lake Michigan, Library, Farmers Market, SS Badger Lake Michigan Car Ferry and dozens of shops and restaurants, this is a development opportunity that is immediately available.

Building Information  Utilities
Address: 1512 Washington Manitowoc, WI
Electricity supplier:  MPU
Total sq ft available:  1,408,520
Gas supplier:  WPS
Number of stories: 7
Municipal water:  Yes
Ceiling heights: 8’5″ to 12’7″ 
Water source:  Lake Michigan 
Site size (ac):  7.49
Peak capacity at water plant:  11 mgd 
Topography: Flat
Peak capacity at sewerage plant:  15.5 mgd 
Setting: Downtown    
Zoning: Industrial Telecommunications  
Former Use:  Mirro Fiber
Optics:  Yes
Digital switching:  Yes
Transportation Nearest major highway:  US Hwy 151/10 Incentives  
Distance to nearest highway: Adjacent Development Zone Tax Credits   
Number of lanes: 2 Industrial Revenue Bonds  
Nearest interstate:  I-43 Revolving Loan Fund   
Distance to nearest interstate:  4 miles  TIF  
Number of lanes:  4 Technology Zone Tax Credits   
Nearest commercial airport:  Austin Straubel
Distance to nearest airport:  40 miles     
Rail service:  No    
Nearest port facility:  1 mile

Leasing Rate:  Negotiable
Lease Type:  Negotiable
Sale Price:  Negotiable
Building Contact 
Name: Eric J. Spirtas 
Phone: (314) 432-7733
Community Contact 
Name: Dave Less 
Title: City Planner 
Organization: City of Manitowoc 
Address: 900 Quay St 
City: Manitowoc 
State: WI
ZIP: 54220
Phone: (920) 686-6930
Fax: (920) 686-6939

Large Press and Machine Shop Liquidation – Creating value from dormant assets! Closing Friday – July 8th

leave a comment »

Niagara Worldwide – Helps Another Client

The Next Ongoing Events


Steel Parts Manufacturing
Tipton, Indiana

Download The Auction Postcard (PDF) View Auction Brochure Flip Book
Download the Steel Parts Lotbook (PDF) Download Rigger List (PDF)

For most small business owners, the thought of liquidation is appalling and grotesque.  The media depicts its general ideas associated with liquidating into your brain:  Front pages of newspapers read bankruptcy, tickers scroll the bottom of your televisions with exponentially increasing debt figures, and small businesses stick up gaudy neon-colored ‘STORE CLOSING SALE’ signs that scream urgency.  With the economy in its current state, it’s not difficult to fall victim of all the hype [and scare].  Yet, the media fails to acknowledge the rest of the liquidation business; the beneficial business strategy of liquidation: converting your obsolete, overstock, salvage, returns, and excess inventory into immediate, upfront, and useable cash.

There are two major forms of liquidation: compulsory and voluntary.  When you hear of liquidation in the media, it is compulsory liquidation, which is when you are forced to liquidate by law.  Compulsory liquidation is the last resort for a business.  It involves selling off every aspect of the business, from their inventory all the way up to their debts.  When a company is compulsory liquidating, they are closing their doors for good.  The latter form, voluntary liquidation, is the unspoken strategy that is used frequently within all Fortune 500 businesses.

Call NIAGARA Worldwide today to see how we can support the re-sale and re-purposing of your industrial assets. 

Eric J. Spirtas – President
NIAGARA Worldwide
715-251-3151 Main Office Telephone

295 Motors SOLD! NIAGARA Worldwide pegs another great sale!

leave a comment »

Written June 24th, 2011 – NIAGARA Wisconsin

From the NIAGARA Development project site in Niagara Wisconsin, Eric J. Spirtas and Burdette Wilber negotiate, prepare and hold another e-auction that has clearly satisfied the seller and the buyers.

The key to designing a successful auction (“Live or On-Line”) requires the knowledge of an experienced auctioneer.  Lot sizes, location, blend of goods, length of sessions…  These decisions are not guesses, but more so proactive strategic determinations that come from years industry exposure.  

A smart customer and a smart liquidator make for a smart auction…  The process is not magic.  There are many ways to fail, but in most cases there are a few ideal paths to success.

A customer must always beware of the (“guarantee”).  There is no such thing, unless the auctioneer is putting up cash to buy the lot at a base number, or truly bonding the results.  Most times the “hustling” liquidator is trying to play on the perceived dollar signs in the eyes of his customer.  

As NIAGARA Worldwide closes another sale, it is important to reflect on the points that aid in running a successful auction.

10 Points on How to Run A Successful Auction!

  1. Because your auction is of a specific nature it is imperative to select an auctioneer that is ideally suited to this type of Auction. For example, a Fine Art Auctioneer is not always the person to select when conducting a charity auction which may include sporting memorabilia and assorted items that have been donated.
    The success of your auction often depends on the ability of the auctioneer and his knowledge of the type of goods being submitted to auction. The hype and spontaneous activity that comes with these types of auctions requires certain qualities such as a quick wit, an ability to “get on with it” and sell for extended periods at a fast pace. Alternatively, more refined auctions such as Fine Art calls for an auctioneer that displays a good level of patience and decorum. Selection of the most suitable auctioneer is sometimes understated and many auctions fail to reach the desired results and standards because of poor selection.
  2. Much credence should be given to the selection of the Auction venue when organising your auction. The venue should reflect the quality and type of auction being held in order to achieve your maximum result. When conducting an auction it is often difficult to judge the projected size of the crowd and therefore the crowd catering in relation to seating and general hospitality is dependant on these factors. It is very important that potential purchasers have the necessary access to auction items in order to ascertain their value and suitability to their needs. Special emphasis should be placed on the venue because too much room or too little room at the wrong venue will be counterproductive to the success of the auction.
  3. Sufficient advertising and promotion of your auction is absolutely critical to it’s success. Select the best possible advertising mediums to expose your specific auction and attempt to reach the target market by way of these mediums. Very careful consideration needs to be given to the target market when deciding on the most suitable advertising campaign. Depending on the type of auction, the time and value of the campaign can vary quite substantially but it is important not to under expose the auction if you wish to maximise the financial result. Having a strong, qualified crowd of buyers goes a long way towards success.
  4. Ensuring that sufficient, trained staff are engaged to assist in all facets of the auction process is very important. The presence of relevant staff members in areas of registration, presentation of items, acceptance and delivery of auction items etc is a critical component of a successful auction.
  5. When conducting an auction of any type it is imperative that the auction items are presented to the public in the best possible condition. In an ever-increasing competitive world, pristine presentation will strongly enhance a seller’s chances of achieving a good price for their auction items. Attention to detail in presentation is sure to be rewarding.
  6. An important part of the auction process is to provide a number of payment options to satisfy the needs of the buying public. These days acceptable methods of payment at the most auctions are cash, personal cheque, bank cheque and various forms of credit card options. Auction items will normally remain on site until full payment is received unless alternative arrangements are made prior to auction. It is important for the auctioneer to make everyone aware of auction payment conditions prior to commencement of the auction.
  7. To continue the smooth operation of the auction process it is important that buyers are able to take delivery of their auction purchases with a minimum of fuss. Trained staff will assist with efficient delivery of items once payment has been made. Safe delivery is an important part of the process.
  8. Re-enforce the absolute necessity to receive full payment for auction items prior to collection by buyers. Failure to enforce the payment policy can be a financial disaster. History tells us that a soft approach in this area of the auction process often leads to moral and financial disappointment.
  9. When formalizing an agreement with an auctioneer it is important to discuss the financial settlement arrangements once the auction is completed. Once again, depending on the type of auction being conducted, the auctioneer (or his agency) will collect the auction proceeds and, in turn, disperse the proceeds to the relevant recipients. Normal deductions prior to release of funds to the seller will include Agents Commission and Advertising.
  10. The information obtained from Buyer Registration forms will provide invaluable contact details for future auctions. The growing of your database of potential purchasers can lead to the ongoing support and success of your auctions for many years to come.

    (“10 Points on how to run a successful auction are a reprinted from find an”)

Call today if you are looking for guidance and support at your facility.  Let us earn you a maximum payout!

Eric J. Spirtas – 314.780.3742 –

Bearings Liquidation a COMPLETE Success! NIAGARA Worldwide shows how assets can be converted to Dollars!

leave a comment »

Adding Value to Still-Valuable Assets
NIAGARA Worldwide agrees with the Investment Recovery Association in its assessment that “Investment Recovery (often referred to by practitioners as “IR”) is the practice of recovering the highest value of assets no longer needed by a company. The IR process begins by identifying idle assets within the organization then reusing or disposing of the surplus; recouping substantial value in the process”.
Think of it this way: Every large organization purchases assets-from office buildings and manufacturing facilities to the equipment and machinery required for operation. Over time, those assets wear out or are no longer needed where they were originally put into service. That’s where investment recovery adds exceptional value.
Closing 3 On-Line Liquidations today
Proves again that NIAGARA Worldwide  is a leading Asset Recovery specialist
In fact, professionally-run IR Departments return over a 30X bottom-line net profit for every dollar invested in investment recovery operations, making it among the most productive departments in any organization!
As experts in surplus asset management, IR professionals employ a unique process to find and identify surplus assets no longer being fully utilized by their organization, then go through distinct steps designed to recoup the highest-possible value from those assets. IR practitioners save their companies-primarily Fortune 1,000 businesses-hundreds of millions of dollars each year.
Contact me anytime for a free estimate, consultation or simply to review the prospect of selling your entire asset bank as a bonified liquidation – redevelopment.
Eric J. Spirtas – 314.780.3742 –