According to the Hartford Business Journal, a vacant 20,000-square-foot office building at 23 Maiden Lane in North Haven was sold for $1.275 million on New Year’s Eve. The buyer, Maiden Lane Properties LLC, plans to convert the building’s upper floors into approximately 20 apartments while maintaining the first floor for commercial use. The seller, Eitz Zayis CT LLC, had purchased the property in October 2021 for $1.65 million.
Market
Hotel Conversion Planned for Former LAZ Parking Headquarters in Hartford
According to the Hartford Business Journal, a partnership involving Lexington Partners and Shelbourne Global Solutions is planning to convert the former LAZ Parking headquarters at 15 Lewis St. in downtown Hartford into a boutique hotel. The 53,531-square-foot building, which was initially slated for apartment conversion, will now feature 75 to 90 rooms, with an estimated project cost of $37 million. The developers aim to begin construction in the fall and complete the hotel by early 2027.
Click Here: Former LAZ Parking HQ in downtown Hartford now eyed for hotel conversion for more information.
Mystic to Welcome New Lux Bond & Green Store Following $2.95M Property Purchase
According to the Hartford Business Journal, Lux Bond & Green, a jewelry store chain, has purchased a property in Mystic for $2.95 million. The property, located at 49-53 West Main St., consists of two attached retail buildings totaling 6,742 square feet. The purchase was made by a limited liability company affiliated with Lux Bond & Green. The new store is expected to open in early 2026.
Click Here: Jeweler Lux Bond & Green to open Mystic location following $2.95M building purchase for more information.
Electric Boat to Construct 480,000-Sq.-Ft. Warehouse Following $5.5M Land Acquisition in North Stonington
According to the Hartford Business Journal, General Dynamics Electric Boat purchased a nearly 55-acre property in North Stonington for $5.5 million. The site at 45 Frontage Road, will be developed into a 480,000-square-foot warehouse. The North Stonington Planning and Zoning Commission approved the site plan, which includes 13 loading docks, three vehicle ramps, and 75 parking spaces. The property was sold by the Mashantucket Pequot Tribal Nation.
Click Here: General Dynamics Electric Boat to build 480,000-sq.-ft. warehouse following $5.5M North Stonington land purchase for more information.
Manchester’s Major Retail Shopping Center Sold for $67.5M
According to the Hartford Business Journal, Brixmor Property Group Inc. purchased the 308,000-square-foot Plaza at Buckland Hills in Manchester for $67.5 million in the fourth quarter of 2024. The deal also included a retail pad site at 1442 Pleasant Valley Road. Brixmor disclosed that the Plaza at Buckland Hills presents growth opportunities through below-market in-place rents and attracts 21,000 visits a day. The property was previously owned by Plaza at Buckland Hills LLC
Click Here: Major Manchester retail shopping center sells for $67.5M for more information.
Office Building for Sale in Enfield CT
Sentry Commercial is pleased to present 7 Taylor Road, Enfield CT for sale. This 7,500 SF two-story professional office building can accommodate a single tenant or a multi-tenant configuration. Ideal for owner/occupant.
Click here: 7 Taylor Road, Enfield CT for more information.
Capewell’s New Owner Purchases South Windsor Headquarters Property
According to the Hartford Business Journal, HEICO Corp. purchased Capewell Aerial Systems’ headquarters at 105 Nutmeg Road South in South Windsor for nearly $4.2 million. The 46,342-square-foot light industrial building, situated on 4.5 acres, was previously owned by Store Capital, which acquired it for $3.12 million in 2019. This acquisition follows HEICO’s earlier purchase of two divisions of Capewell Aerial Systems.
Click Here: New owner of South Windsor defense manufacturer Capewell buys property hosting company HQ for more information.
Window-and-Door Manufacturer Opens 185,600-Sq.-Ft. Distribution Center in Windsor
According to the Hartford Business Journal, Marvin has opened a new 185,600-square-foot distribution center at 205 Baker Hollow Road in Windsor, Connecticut. This facility, developed by Condyne Capital Partners LLC, replaces Marvin’s former 48,105-square-foot property in Enfield, which was sold for $5 million. The new center aims to enhance distribution efficiency and create additional jobs in the region.
Click Here: Window-and-door manufacturer debuts 185,600-sq.-ft. Windsor distribution center for more information.
28.97 Acres Available in East Windsor CT
Sentry Commercial is pleased to present 28.97 acres for lease at 10 & 14 Craftsman Road, East Windsor CT. While this industrially zoned site can suit multiple tenancies between 2,500 & 25,000 SF, the main attraction is the ability to accommodate needs with substantial outdoor storage components. Ownership will build to suit or consider long term land leases.
Click here: 10 & 14 Craftsman Road, East Windsor CT for more information.
Industrial Property in Torrington Sells Twice in December for $2.7M, Later $4.6M
According to the Hartford Business Journal, a 53,000-square-foot industrial building at 129 Industrial Lane in Torrington sold twice in December, first for $2.7 million and then for $4.6 million. Riberdy Realty Acquisitions LLC initially sold the property to Stratis Real Estate LLC, which then sold it to Tempus SV Torrington LLC. The building, situated on 13.3 acres, will be leased by Stratis Printing LLC for 30 years, with options to extend the lease until 2064.
Click Here: Torrington industrial property sells twice in Dec. for $2.7M, then $4.6M for more information
Vacant Office Building in North Haven Slated for Apartments After Recent Sale
Click Here: Vacant North Haven office building eyed for apartments conversion following sale for more information.
Bloomfield Industrial Property Sells for $3.13M
According to the Hartford Business Journal, a 25,968-square-foot warehouse and 7.39 acres in Bloomfield recently sold for $3.13 million. The properties at 9 and 11 Southwood Drive, which host a branch of United Rentals, were purchased by Mirror Lake Properties Bloomfield LLC and Granger Properties Bloomfield LLC. The seller, ACP URI Bloomfield LLC, had bought the properties for $2.64 million in 2022.
Click Here: Bloomfield warehouse sells for $3.13M for more information
Former Gem-Craft Inc. Warehouse in Cranston Sold for $650K
According to the Providence Business News, an industrial warehouse building at 1420 Elmwood Ave. in Cranston, previously home to Gem-Craft Inc., sold for $650,000. The 9,350-square-foot building, constructed in 1935, sits on nearly 2 acres of land and includes a 1,200-square-foot office and a 9,100-square-foot unfinished basement. The property was sold by DiSano Realty LLC and purchased by P&P Realty and HSM Investments LLC.
Click Here: Former Gem-Craft Inc. warehouse building in Cranston sells for $650K for more information.
Rocky Hill Office Building Sold for $4M, Set for Residential Conversion
According to the Hartford Business Journal, Staypoint Properties and a group of investors purchased a 2.58-acre property at 1344-1360 Silas Deane Highway in Rocky Hill for $4 million. The property includes an 83,392-square-foot office building, a 3,060-square-foot fast-food building, and a cellular communications tower. The new owners plan to convert the office building into 70 to 75 apartments, with an estimated project cost of $12 million.
Click Here: Investment team pays $4M for Rocky Hill office property; eyes apartments conversion for more information.
Enfield Property, Once Marvin Distribution Hub, Sells for $5M
According to the Hartford Business Journal, Marvin Enfield LLC sold a 48,105-square-foot light industrial building at 1 Niblick Road in Enfield to Tokyo Trading Corp. for $5 million. The property, built in 1998 and sitting on 5.1 acres, was sold following intense interest from multiple buyers. Marvin has engaged in a short-term leaseback of the Enfield property as it completes its move to a new 185,600-square-foot logistics center in Windsor
Click Here: Former Marvin distribution center in Enfield sells for $5M for more information.
Glastonbury to Host New HQ for Law Firm After $1.5M Building Purchase
According to the Hartford Business Journal, JASCA LLC purchased a 60,500-square-foot office building at 500 Winding Brook Dr. in Glastonbury for $1.5 million. The property, built in 1982 and sitting on 5.27 acres, was previously owned by M&T Bank. The new owners plan to transform about half of the space into a modern headquarters for The Flood Law Firm while leasing the remaining space to other tenants
Click Here: Law firm to establish Glastonbury HQ following $1.5M office building purchase for more information.
HISCO Pump’s Bloomfield Property Sold for $1.6M
According to the Hartford Business Journal, a 52,402-square-foot industrial building at 2 and 4 Mosey Drive in Bloomfield, hosting manufacturer HISCO Pump, was sold for $1.6 million. The property, which includes 3.6 acres and a 1970-vintage light industrial building, was sold by a limited liability company and purchased by a principal of HISCO. Despite the change in ownership, HISCO’s operations at the site will continue without interruption.
Click Here: Bloomfield property hosting manufacturer HISCO Pump sells for $1.6M for more information.
Norwalk Office Building Once Sold for $16.5M Trades Again for $5.5M
According to the Hartford Business Journal, a 191,128-square-foot office building at 535 Connecticut Ave. in Norwalk, built in 1988 and sitting on 1.71 acres, was sold for $5.9 million earlier this month. The property, previously purchased for $16.5 million in 2018 by Hanover Real Estate Partners, was acquired by 535 Norwalk LLC and Five Hundred Thirty Five Norwalk LLC.
Click Here: Major Norwalk office building sold in 2018 for $16.5M; trades hands this month for $5.5M for more information.
Hartford Industrial Building, 25,561 Sq. Ft., Sold for $2.4M
According to the Hartford Business Journal, a 25,561-square-foot industrial building at 237 Ledyard St. in Hartford was sold for $2.4 million. The property, situated on 1.4 acres in the South Meadows neighborhood, was sold by a limited liability company affiliated with Staypoint to Pennsylvania-based W. Dealtrey Limited Partnership.
Click Here: 25,561-sq.-ft. Hartford industrial building sells for $2.4M for more information.
United Way of Central and Northeastern CT Relocates to Downtown Hartford
According to the Hartford Business Journal, the United Way of Central and Northeastern Connecticut has signed a 10-year lease for 10,000 square feet of space at One State Street in downtown Hartford. The 24-story building, owned by Hartford Steam Boiler, will house United Way’s new office on the 17th floor. The organization is moving from its former headquarters at 30 Laurel St., which was sold for $1.5 million.
Click Here: United Way of Central and Northeastern CT finds new downtown Hartford home for more information.
$2.3M South Windsor Property Purchased by Plumbing Company
According to the Hartford Business Journal, the owner of a South Windsor-based plumbing company purchased a 1.8-acre property at 350 Chapel Road for $2.3 million. The property includes a 29,123-square-foot light industrial building and a 2,500-square-foot building, both with 16-foot wall heights. The deal was recorded on November 7, and the seller was a trust.
Click Here: Plumbing company pays $2.3M for South Windsor property for more information