DerryNews.com, Derry, New Hampshire

Londonderry

October 17, 2013

Restaurant wholesaler eyes Londonderry

Londonderry location doesn't work out

(Continued)

Cohen said the store would be the company’s only one in New Hampshire for at least a couple of years.

Smith would like to see Londonderry get Restaurant Depot.

“I think this will be a very big deal for the town,” Smith said. “They are still in the conceptual phase right now, but they are a very reputable business.”

Londonderry’s location was absolutely a factor in the company’s consideration, Smith said.

Such a project would mean more tax revenue for the town. The similar-sized Hannaford store nearby, with 59,000 square feet, generates about $127,000 in taxes, albeit on a property with more acreage.

Assessor Karen Marchant said Restaurant Depot could still produce as much as $120,000 in taxes.

Officials in the town of Colonie, N.Y., last year estimated Restaurant Depot planned to spend $8.5 million to develop a store similar to the one proposed for Londonderry.

Restaurant Depot is based in College Point, N.Y. The company expects to double in size over the next five years.

“Restaurant Depot is a fantastic company,” said Lawrence DiBoni, economic development director in Cranston, R.I. “They are currently expanding their Cranston facility and are in for the long term.”

South African billionaire Nathan Kirsh, who maintains a home in the U.S., has a controlling interest in Restaurant Depot through the Jetro holding company.

Restaurant Depot would not be the first food-related business with national prominence in town.

FoodState, makes of the MegaFood dietary supplements, growing at 30 percent a year, has 165 employees at a plant near Boston-Manchester Regional Airport.

Freezer Warehouse on Rockingham Road last year opened an 87,000-square-foot addition, giving it nearly 150,000 square feet of space in town.

Smith said Londonderry isn’t targeting the food companies.

“Not necessarily, but certainly as word spreads we’re open to it,” he said. “We’ll welcome them in.”

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