Market
7,795 SF Industrial Sale in Windsor CT
Sentry Commercial is pleased to announce the sale of 97 Pierson Lane, Windsor CT. The 7,795 SF multi-tenant industrial facility on 6.03 acres sold for $562,500.
Sentry Commercial represented the seller and Colliers International represented the buyer in this transaction.
Mechanical Company Expands in North Haven
According to the Hartford Business Journal, F+F Mechanical Enterprises has leased over 27,500-square-feet of space at 60 Dodge Ave., North Haven, to expand its operations. This lease, which began on July 1, is part of a 132,000-square-foot warehouse on 2.5 acres near Interstate 91. The company, which already has a 42,000-square-foot facility at 2 Dwight St., North Haven, will use this new space to further its mechanical contracting services.
Click Here: North Haven mechanical company leases space for expansion for more information.
Cheshire Retail & Office Complex Sold for $4.5M
According to the Hartford Business Journal, a Hamden-based real estate investor sold the Watch Factory complex at 98 Elm St. in Cheshire for $4.5 million to 98 Elm LLC. The complex, which includes four brick buildings totaling 42,392-square-feet sits on over 4 acres. The deal also involved a $2.9 million mortgage taken by 98 Elm LLC from CJC Enterprises LLC.
Click Here: Prominent Cheshire retail and office complex sells for $4.5M for more information.
New Haven Facility Sold for $1.95M; Affordable Housing Project Planned
According to the Hartford Business Journal, a former industrial laundry facility at 149 Derby Ave. in New Haven has been sold for $1.95 million to Honeycomb Real Estate Partners and Monarch Apartment Homes LLC. The 40,000-square-foot building, along with the parcel at 169 Derby Ave., will be developed into “The Monarch,” a complex with 64 affordable apartments. The site, which required remediation work, is expected to be completed by early 2025. The property, once home to Monarch Cleaners and later New England Linen, has been vacant for several years.
Click Here: Former New Haven laundry facility sold for ‘The Monarch’ affordable housing project for more information.
South Windsor Food Processing Building Sells for $31.6M
According to the Hartford Business Journal, Home Market Foods purchased Carla’s Pasta’s 153,246-square-foot production plant at 50 Talbot Lane and 280 Nutmeg Road in South Windsor for $31.6 million. The Massachusetts-based company plans to invest over $70 million to expand the site, adding a 28,000-square-foot addition and creating 210 new jobs by 2027. The facility, which last sold for $13 million in 2021, will reopen in June 2025. CT Innovations approved a tax incentive of up to $700,000 for the expansion.
To read the full article, click here: Mass. buyer pays $31.6M for South Windsor food processing building
Milford Office Building Sells for $4.45M
According to the Hartford Business Journal, the Great River Corporate Center at 440 Wheelers Farm Road in Milford was sold for $4.45 million to Joffe Paulding 19 LLC. The 169,000-square-foot office building, which sits on 11.8 acres, was previously acquired by DW Commercial Real Estate LLC for $7.1 million in December 2023. The property, renovated in 2021, is located in an office park zone with potential interest in redevelopment projects.
Click Here: Atlanta development firm buys Milford office building for $4.45M; in 2007 it sold for $27.1M for more information.
New Haven Property Sold for $2.5M
According to the Hartford Business Journal, Harvest Beverage Group has purchased the former Perri Sausage building at 26 Kendall St., New Haven, for $2.5 million. The 21,500-square-foot building, which sits on 1.27 acres, will now serve as the main production facility for Harvest Beverage, while their previous headquarters at 222 Forbes Ave. will be used for storage. The company has added at least a dozen new workers and plans further expansion.
Click Here: Perri Sausage building in New Haven sold to national beverage company for more information.
1,200 SF Lease Renewal in Suffield, CT
Sentry Commercial is pleased is announce that 1 Mountain Rd LLC has renewed a lease of 1,200 SF of office space at 1 Mountain Road, Suffield CT to Turning Point Wellness Center LLC.
Sentry Commercial represented the landlord and Coldwell Banker represented the tenant in this transaction.
6K SF Industrial Lease in New Milford CT – New Construction
Sentry Commercial is pleased is announce that Provence Land Company, LLC has pre-leased 6,000 SF of industrial space at 21 Still River Drive, New Milford, CT to Plasser American Corporation.
The building is set to be completed in fall of 2024 and has 6,000 SF of remaining space available.
Sentry Commercial represented the landlord and McGrath Global Commercial Realty, Inc represented the tenant in this transaction.
19K SF Industrial Sale in Bloomfield CT
Sentry Commercial is pleased to announce that Maple Hill Farms, Inc. has sold 12 Burr Road, Bloomfield, CT to TACE Ventures, LLC. The 18,987 SF warehouse on 9.6 acres sold for $700,000.
Sentry Commercial represented the seller and Keller Williams Legacy Partners represented the buyer in this transaction.
Additional Reading: Hartford Business Journal – Bloomfield agricultural/industrial property sold to West Hartford remodeling company
64K SF New to Waterbury CT Industrial Market
Sentry Commercial is pleased to offer 63,876 SF at 64 Avenue of Industry, Waterbury CT for lease. This space features heavy power, 100% air conditioning and 21′ ceilings.
Click here: 64 Avenue of Industry, Waterbury CT for more information.
PCDATA Renews in East Granby CT
Sentry Commercial is pleased to announce that PCDATA, Inc. has renewed its 4,080 SF lease at 29 Kripes Road, East Granby CT. This 48,800 SF multi-tenant industrial facility on 8.34 acres is owned by 29 Kripes Road Associates, LLC.
Sentry Commercial represented the landlord and was the sole broker in this transaction.
Windsor Receives $2M for Former Stanadyne Plant Redevelopment
According to the Hartford Business Journal, Windsor has received over $2 million for environmental remediation at the former Stanadyne plant, which will become part of the new Connecticut River Business Park. Ohio-based IRG Industrial Realty Group LLC purchased the 52-acre property, which includes three vacant buildings totaling 740,000 square feet, for $250,000 in late 2023. The site will be developed for various uses, including manufacturing and office space, with IRG planning to invest at least $5 million in improvements. The project aims to attract new businesses to Windsor, with one building already available for lease.
Click Here: With $2M brownfields grant and new ownership, former Stanadyne campus in Windsor looks for new life for more information.
Nearly 145,000SF Warehouse Proposed in Manchester
According to the Patch, a new 144,074-square-foot warehouse and distribution center has been proposed for a parcel of land at 71 & 81 Commerce Road in Manchester, near Interstate 291. The plans include parking and docks around the perimeter of the property. Applications have been submitted to the Planning and Zoning Commission for a special exception, an erosion and sedimentation control plan, and a wetlands permit.
Click Here: Warehouse And Distribution Center Proposed For Manchester Parcel to read the full article.
M&T Bank Selling $31M Non-Performing Loan for New Haven Office Building
According to the Hartford Business Journal, M&T Bank is selling a $31 million non-performing loan backed by the 555 Long Wharf Drive office building in New Haven. The 15-floor, 418,595-square-foot building, owned by Fusco Corp., is 43.2% occupied and has struggled with vacancies since the pandemic. The loan, originally issued by People’s United Bank, matured last year and is now being handled by JLL. Banks like M&T are selling such loans to limit exposure to the struggling office market.
Click here to read more: M&T Bank taking offers on ‘non-performing’ $31M loan backed by major Class A New Haven office tower
Cheshire Home Converted to Coworking Space
According to the Hartford Business Journal, Muse Coworking Collective has opened a collaborative workspace at 275 Maple Ave., Cheshire. The 3,000-square-foot historic building, purchased for $370,000 in 2021 by Moxie Properties LLC, underwent $150,000 in renovations. The space offers various booking options, including daily and weekly reservations, and features small conference and meeting rooms. The building, originally a Victorian home from 1860, aims to provide a comfortable, home-like environment for professionals.
To read the full story, click here: New owners convert historic Cheshire home into collaborative coworking space
Milford Bank to Close New Haven Office
According to the Hartford Business Journal, The Milford Bank plans to close its commercial loan production office at 142 Temple St., New Haven, in July, pending state approval. Despite increased lending in New Haven, the office has seen less in-person use since 2020, with clients preferring digital meetings. The closure will not result in staff cuts, and the bank, which reported $1.97 million in profits for 2023, will continue to serve clients remotely or at their businesses. This move follows a trend, as KeyBank also closed its New Haven loan production office last year.
Click Here: Amid wider embrace of digital services, Milford Bank to close New Haven loan production office for more information.
16K SF New to North Haven CT Industrial Market
Sentry Commercial is pleased to present 126 Quinnipiac Avenue, North Haven CT for lease. This 16,000 SF warehouse building is equipped with 8 loading docks, 6 levelers, 1 drive-in door, and is up to 22′ clear. The property offers immediate access to I-91 and ample room for parking and/or outside storage.
Click here: 126 Quinnipiac Avenue, North Haven for more information.
4,800 SF Lease in Suffield CT
Sentry Commercial is pleased is announce that 11 Kenny Roberts, LLC has leased 4,800 SF of industrial space at 11 Kenny Roberts Memorial Drive, Suffield, CT to Revampit, LLC.
Sentry Commercial represented the landlord and SR Commercial Realty, LLC represented the tenant in this transaction.
Watertown Industrial Property Sells for $2.7M
According to the Hartford Business Journal, WBCM LLC acquired a property at 1012 Buckingham St. in Watertown from Prime Engineered Components Inc. for $2.7 million. The property, spanning 37,400-square-feet of light industrial warehousing space on 6.6 acres, is situated in a key industrial area of Watertown. i2Systems, an advanced LED lighting company headquartered in Morris, is expected to utilize the new Watertown building for expansion, production, and warehousing, while maintaining its 64,000-square-foot headquarters at 355 Bantam Lake Road in Morris.
Click Here: Eyeing expansion, Morris LED lighting company buys Watertown industrial facility for more information.