By JOSEPH FITZGERALD

WOONSOCKET — T.E.A.M., Inc., a Slatersville-based textile engineering and manufacturing company, is planning to construct a 30,000-square-foot state-of-the-art manufacturing facility in Highland Corporate Park, city officials announced Thursday.

“This new facility in Woonsocket and the nearby availability of skilled workers will allow us to continue the rapid expansion of our composite materials business,” said T.E.A.M, Inc. President Steve Clarke.
The new facility will employ a workforce of 50 to 75 people, according to Clarke.
The facility will be built by general contractors Riggs & Gallagher, Inc., which is also developing a separate four-acre parcel in the park. That land will be offered “pad-ready” with preliminary permitting work and site work completed to accommodate construction of a 20,000-30,000-square foot office or flex-space manufacturing facility. The finished project will be available to either lease or sell.
“Highland’s management (The Redevelopment Agency of Woonsocket) has done an outstanding job developing and maintaining the park’s high standards,” said Riggs & Gallagher President Doug Riggs.
Riggs & Gallagher was introduced to Highland Corporate Park when it designed and constructed multiple additions to Parkinson Technology headquarters. Most recently, the company designed and constructed the new 52,000-square-foot world headquarters for Summer Infant, Inc.
Mayor Susan D. Menard noted that this is the same nine-acre parcel sold to LSI Retail Graphics, Inc., approximately three years ago for a proposed addition to their existing facility.
Since the expansion did not proceed in a timely fashion, the Redevelopment Agency of Woonsocket chose to exercise its option to repurchase at the original sales price and subdivide it into two parcels.
The sale, which was completed last week, marks the successful conclusion of the Redevelopment Agency’s development activities in Highland Corporate Park as all parcels have been sold.
It is now estimated there are over 5,000 jobs housed in the city’s side of the park.
Woonsocket's Highland Corporate Park I, on the Cumberland/Woonsocket line, was originally developed and marketed by the Woonsocket Industrial Development Corporation in 1981. Today, the park houses a number of businesses including the corporate headquarters of CVS Corp.
In 1992, the City of Woonsocket purchased 60 acres of woodland adjacent to Highland I for an expansion of the park. Development of Phase II was undertaken by the city, with the cooperation of the Woonsocket Industrial Development Corporation; and the Blackstone Valley Development Foundation, developers of the adjacent 200-acre Highland Industrial Park II in Cumberland.