Happy Birthday, Bill Binnie: Magnate buys mill buildings for $11.2 million

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Businessman Bill Binnie owns three new properties on Dow Street, the sprawling Dyn building, in the foreground, and two smaller properties, rear left.

MANCHESTER, NH – Bill Binnie bought himself quite a birthday present this week.

The millionaire media mogul purchased a trio of mill buildings for a reported $11.2 million. The announcement was made earlier this week. Binnie celebrated his 59th birthday on Feb. 2.

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Bill Binnie: New owner of the iconic 150 Dow St. mill building.

The purchase includes properties at 89, 100 and 150 Dow St., which currently house, most notably, Dyn, Manchester’s high-profile high-tech company which was recently acquired by Oracle and Fitlab, a popular gym now housed in the old Gold’s Gym location.

Binnie said in a statement that he now owns about 1 million square feet of space in the city. Binnie is also developing the Citizen’s Bank building at 875 Elm St., a huge project that will turn the historic downtown building into a mix of upscale apartments, retail and commercial tenants.

Bill Binnie
Bill Binnie

Binnie, who came to the U.S. at age 5 as a Scottish immigrant with his family, attended Harvard on a scholarship. He built his fortune on plastics, and what would eventually become the Carlisle Plastics Co., known for manufacturing  food storage bags and wraps, plastic sheeting, coat hangers and Ruffies brand trash bags. After selling off his interests in the manufacturing operations, Binnie established Carlisle Capital Corp., a private investment firm headquartered in Portsmouth.

Binnie also owns several radio and TV stations, including WBIN-TV, based in Concord. He has been a race car driver and ran unsuccessfully for U.S. Senate as a Republican. He lost in the primary to U.S. Sen. Kelly Ayotte.

Binne was embroiled in a lengthy court battle, which was settled in Dec. of 2016 by the NH Supreme Court over public access to Rye beach on his Wentworth by the Sea Country Club.

No word on Binnie’s plans for filling vacancies in the buildings. Binnie’s two sons, who work for him at Carlisle Capital, will be involved going forward.

 

About Carol Robidoux 6038 Articles
Longtime NH journalist and publisher of ManchesterInkLink.com. Loves R&B, German beer, and the Queen City!