The following is an article published in The Conway Daily Sun.

Local machine-parts manufacturer purchases former Carroll Reed building
By Bart Bachman
The Conway Daily Sun

     CONWAY — The former Carroll Reed building on Hobbs Street in Conway has been purchased by a local machine-parts manufacturing company.
     Carl and Cindy Thibodeau, of Tee Enterprises, currently located on Route 16 in Madison, signed the papers on the 95,723-square-foot building on Friday. They plan to eventually move Tee Enterprises to the Hobbs Street facility, and they will also be leasing warehouse and office space to other businesses.
     N.H. Health and Human Services presently occupies the second floor of the three-floor building and will continue to do so.
     The building served as administrative offices and distribution center for Carroll Reed, which sold ski apparel and high-end women's clothing, from 1980 to the early 1990s. Yield House then used the building for wood-furniture manufacturing from 1993 to 2002.
     The Thibodeaus purchased the building from Claude and Donna Jeanloz, owners of Yield House. They did not want to disclose the purchase price, but the property has an assessed value of $1,164,800.
     "We've outgrown where we're at, we're looking for new clientele, and we're anticipating expansion," Carl Thibodeau said. "Obviously we would not buy the building if we didn't think we could grow the business. It's quite well suited to what we need. For what we do, it's the best design we could have come up with."
     Tee Enterprises presently employs 24 people in about 10,000 square feet of space. In the Hobbs Street facility, Thibodeau said, "The square footage is enough to employ about 20 people. Whether we find work enough to support that many remains to be seen."
     Thibodeau said Tee Enterprises will probably be moving to Hobbs Street in the next three to six months.
     "There's a lot of renovation that needs to be done before it's suitable to what we want to do with it," he said.
     Warehouse and storage space is available to lease immediately. (The Conway Daily Sun presently stores its newsprint in the building.) And the third floor will be renovated and subdivided into offices.
     Bayard Kennett, of RE/MAX Presidential, who represented the Thibodeaus in the purchase, said there will be about a half-dozen office spaces on the third floor, ranging in size from about 1,500 to 2,000 square feet.
     "It's key that the public know that we have up to 18,000 square feet of warehouse and 12,000 square feet of office for lease," Kennett said.
     The building has heating and air conditioning; municipal water and sewer through Conway Village Fire District; and plenty of parking. In addition to buying the building, the Thibodeaus also purchased 6/10ths of an acre where the main parking lot is located. That parcel had previously been owned by Public Service of New Hampshire.
     Thibodeau said the offices would be equipped with high-speed Internet.
     Interested businesses should contact Kennett at (603) 447-3333.
"The sooner the interest, the sooner the refurbishing, the sooner the occupancy," Thibodeau said.
     For both Carl and Cindy Thibodeau, the purchase of the old Carroll Reed building is significant not only from a business standpoint but also a personal one. Both were born and raised in Conway Village , and, they said, it's "exciting" to now be bringing the business to Conway Village.
     The acquisition brings Cindy Thibodeau full circle in another way as well. She used to work for Carroll Reed on the third floor of the building. Now she owns the place.

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