The purchase of the property on Clay Pond Road that once housed the Grand Union grocery store has been completed.
Plans to remake the property into a storage units business also have been approved by the Cape Cod Commission and must now pass scrutiny by town agencies.
Records at the Barnstable County Registry of Deeds show that the property was sold by its former owner, the Claybourne Trust, to GF Funding Bourne LLC for $4.8 million. Records show the transaction was finalized on July 18.
GF Funding Bourne LLC is located in Lynnfield, and filed as a limited liability corporation with the state on July 10. The company has two principals on record, Arthur W. Sullivan and Shane D. Brady, both from Manchester, New Hampshire.
During a meeting of the Bourne Planning Board in late May, it was announced that the property was under a purchase-and-sale agreement. During that meeting, the then-prospective owners said that they planned to turn the portion of the mall where the grocery store had been into storage units.
The project went before the planning board for an informal discussion of the proposed plans. In addition to storage units within the building that housed the grocery store, more storage space will be constructed in the existing parking lot in front of the store.
In addition to the long-closed grocery store, the property at 170 Clay Pond Road includes Liquors N’ More and Pizza by Evan. Both those establishments will not be affected by the plans for the new storage units business and will remain retail space.
The project was approved as a Development of Regional Impact by the Cape Cod Commission during its meeting last Thursday, July 25. With the commission’s approval, the project will be brought before the planning board again for full site plan review.