In North Andover, meanwhile, town officials are mulling the future of 1 High St.
The departure of Schneider and Converse will leave almost 400,000 square feet of vacant space, including an 80,000-square-foot warehouse customized for Schneider Electric.
The owners, an investment fund, have hired a new management company, C.B. Richard Ellis, to market and manage the facility. Smedile said she thought the property was for sale.
The owners of 1 High St. may want to convert the building to a mixed-use of housing, retail and office space, a prospect not viewed keenly by some.
“We still believe it’s a great location for similar type uses that are there now,” Smedile said. “We are hopeful it remains the same.”
Across the street from Scheider and Converse, however, an older mill building has been converted to housing, retail and commercial space and has done very well, according to North Andover Town Planner Curt Bellevance.
“Across the street, the East Mill was empty five years ago, now it’s full,” he said. “It’s just a matter of finding the right fit. We still feel North Andover is an attractive community to live and work in.”
“People who work there love it,” she said. “They enjoyed the location, it was no hassle parking or traffic. It has a lot to offer.”
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