The Keelan Company sells Orvis Outlet for $2,400,000
MANCHESTER >> The Keelan Company has sold the Orvis Outlet building to 4382 Main Street Investors, LLC for $2.4.
The sale closed on Thursday, Sept. 29.
Officials with Orvis said the company had recently renewed its lease of the building for a second 10-year term. The company's public relations coordinator told the Banner on Tuesday that the landlords have changed, but the sale will not affect Orvis' lease.
The building is formerly known as The Jelly Mill. The Keelan Company purchased it from Clinton "Clint" Lewis for $717,000 in 1998, according to a press release from The Keelan Company president Pete Keelan.
The Jelly Mill closed in 2005 after Lewis retired. There were offers to tear down or modify the building, but Keelan was selective about who could lease the property.
"The building is a perfect backdrop for Orvis' retail offerings and I believe it is one of their top performing outlets," Keelan said in the release.
The new landlord, Zeb Ripple from San Francisco, was born in Connecticut and has a family home in southern Vermont, the release stated. Ripple also has an extensive commercial real estate resume and Keelan said he was the right fit to own the "iconic property."
Ripple and Keelan were not available for comment by press time.
From 1890 to 1915, The Jelly Mill was operated as a dairy barn for former Vermont Supreme Court Justice Loveland Munson. In the basement of the building there are still remnants of cow stalls, the release stated.
The Keelan Company was founded in 1993.
Orvis is "America's oldest mail-order outfitter and longest continually operating fly-fishing business" founded by Charles F. Orvis in Manchester in 1856. Since 1965, it's been privately owned by the Perkins family and accumulated more than $340 million in sales (2012) as an international, multi-channel retailer, according to its website.
Contact Makayla-Courtney McGeeney at 802-490-6471.
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