Market

Bloomfield/Hartford CT Properties Available for Sale or Lease

Sentry Commercial is pleased to offer 714-736 Blue Hills Avenue for sale or lease. The portfolio includes a 16,160 SF two-story office/warehouse building, and a 2,130 SF retail building on 2.17 acres. Situated just south of Cottage Grove Road on the Bloomfield/Hartford line, this property is ideal for a variety of users.

Click here:

714-736 Blue Hills Avenue, Bloomfield/Hartford CT 

Or here:

Hartford Business Journal: Hartford-based Barall & Konover Floors moving to West Hartford

for more information.

Cheshire Office Building Purchased for $1.675M

According to the Hartford Business Journal, a Cheshire office building, located at 10 McKee Place, has been acquired by Nosal Builders for $1.675 million. The property spans 6.8 acres and offers over 17,400 square feet of space, featuring amenities such as a fitness room and an outdoor patio. Situated within the Cheshire Industrial Park, it boasts convenient access to highways I-84 and I-691. Nosal Builders, a firm with experience since 1994, is recognized as a pre-qualified contractor for Connecticut’s state departments.

Click Here: Cheshire development company buys local office building for $1.6M for more information.

New Haven Bioscience Center Signs 3 New Tenants

According to the Hartford Business Journal, the Elm City Bioscience Center at 55 Church St., New Haven has welcomed three new tenants: XingImaging LLC, Revalia Bio Inc., and General Biological Corp., occupying nearly 40,000 square feet of the building’s 113,600 square feet. The property, owned by The Hurley Group, has undergone a transformation since 2021 to meet the demand of the bioscience industry, with over half the space dedicated to lab facilities. The center offers lab suites for biotech companies and currently has 18,000 square feet available for lease.

To read the full article, click here: New Haven office-turned-lab space property lands 3 new bioscience tenants

Glastonbury Office Building Sold for $2.65M

According to the Hartford Business Journal, a marketing firm recently acquired a 30,000-square-foot office building at 300 Winding Brook Drive in Glastonbury. The firm, Cronin, will relocate and occupy about 10,000-square-feet of this space, which was previously owned by WB Partners LLC. The building, which sits on 3.93 acres, was sold for $2.65 million and will be fully occupied with the move-in date around August 1, including tenants such as FML and Solinsky EyeCare. This move comes after the firm’s previous location at 50 Nye Road was bought by the town.

Click Here: CEO of major Greater Hartford ad agency buys Glastonbury office building for $2.65M; will relocate company for more information.

8K SF New to Bloomfield CT Industrial Market

Sentry Commercial is pleased to offer 8,000 SF for lease at 522 Cottage Grove Road, Bloomfield CT. The space features 400 SF of office, one drive and three docks.

Click here: 522 Cottage Grove Road, Bloomfield CT for more information.

Bridgeport Industrial Property Sold for $1.4M

According to the Hartford Business Journal, a 13,176-square-foot industrial building located at 135 East Washington Ave., Bridgeport, has been acquired by A Royal Flush Inc. for $1.4 million. The property, which sits on 2 acres along the Pequonnock River, is strategically positioned near major routes and the Bridgeport Metro-North train station. It boasts features such as clear-span construction, a 16.5-foot ceiling height, three drive-in doors, and 800 square feet of office space.

Click Here: ‘A Royal Flush’ acquires Bridgeport riverfront industrial property for more information.

Marketing Company Purchases West Hartford Mixed-Use Property

According to the Hartford Business Journal, a mixed-use building located at 67 North Main St. in West Hartford has been purchased by SLM Properties CT LLC for $567,500. The property, previously owned by Kokomo LLC, features 1,846-square-feet of commercial office space and a 700-square-foot apartment, all situated on 0.28 acres with a 1,300-square-foot asphalt parking area. The new owner plans to renovate the outdated structure to foster a collaborative and creative environment for their marketing firm, aiming to relocate by July 1.

Click Here: West Hartford marketing company acquires new HQ building on North Main for more information.

Industrial Property in Hamden Sells for $1.9M

According to the Hartford Business Journal, an industrial building located at 925 Sherman Ave. in Hamden has been purchased by MM Paterson LLC for $1.9 million. The property encompasses 4 acres and offers 32,000-square-feet of industrial warehouse space, complemented by 12,000-square-feet designated for office use. It features multiple tenant spaces, currently housing businesses such as Ilumiyo LLC, BMP Custom Prints LLC, Corvin Inc., and MGM Instruments. Previously sold for $950,000 in June 2019, the building’s appraised value stood at $1 million as of 2023.

To read the full story, click here: Hamden industrial property trades hands for nearly $2M

Southington Car Wash Sells for $1.1M

According to the Hartford Business Journal, a car wash property located at 254 Queen Street in Southington has been acquired by Paol Realty Co. for $1.1 million. Spanning over 4.5 acres, this site is situated opposite the Walmart supercenter plaza on a bustling commercial corridor. Constructed in 1988, the facility features an older design with multiple self-wash bays and a drive-thru automatic wash, reflecting the increasing demand for modern car wash establishments across the state.

Click Here: Amid hot demand, Southington car wash property sold for $1.1M for more information.

Mixed-Use Property in Bridgeport Sells for $3.35M

According to the Hartford Business Journal, a mixed-use property located at 2258 Fairfield Ave in Bridgeport has been sold for $3.35 million. The property, known as The Fairfield, encompasses 22,900 square feet across four stories and features four retail suites on the main floor along with 24 two-bedroom apartments, half of which are subsidized housing. The property was sold by Palladian Bridgeport LLC and was fully occupied at the time of sale.

Click Here: Bridgeport mixed-use building fetches more than $3M in sale for more information.

28.04 Acres New to Bloomfield CT Industrial Market

Sentry Commercial is pleased to offer 62 West Dudley Town Road, Bloomfield CT for sale. This 28.04 acre I-2 zoned parcel is ideal for a wide range of industrial uses.

Click here: 62 West Dudley Town Road, Bloomfield CT for more information.

14,640 SF New to Torrington CT Industrial Market

Sentry Commercial is pleased to offer 588 Winsted Road, Torrington CT for sale. This 14,640 SF industrial facility features five drive-in doors, heavy power and ample parking. With a zoning classification of LB, the property presents a versatile opportunity for various industrial and manufacturing uses.

Click here: 588 Winsted Road, Torrington CT for more information.

Milford Industrial Property Sells for $1.575M

According to the New England Real Estate Journal, Team Woody LLC recently purchased an industrial property located at 435 Woodmont Rd in Milford for $1.575 million. The building consists of 20,120 square-feet with 3,000 square-feet of office space, a loading dock, and overhead access. The New York-based buyer intends to use the property for their own business operations.

To read the full article, click here: Angel Commercial closes $1.575m sale of 20,120 s/f industrial property

Commercial Driver Training School Plans New Campus in Bristol

According to the Hartford Business Journal, the Seymour-based Allstate Commercial Driver Training School aims to acquire land in a Bristol industrial park for a new training facility. The school seeks to purchase and develop lots 10 and 11 on Business Park Drive within the Southeast Bristol Business Park. These wooded lots, totaling 3.23 acres, are situated behind ESPN’s North Campus and adjacent to CMI Specialty Products Inc. The proposed facility would include a 12,000-square-foot building with 18 parking spaces, housing classrooms and offices. Additionally, an outdoor “training field” would simulate driving maneuvers for students. The school currently operates in Seymour and plans to establish this Bristol location as a “new campus.”

Click Here: Truck driver training school seeking to buy land in Bristol to read more.

Pitney Bowes Appoints New Interim CEO

According to the Hartford Business Journal, Pitney Bowes Inc., a shipping-services company based in Stamford, has made significant changes in its leadership. The company is pursuing up to $100 million in annual cost savings and aims to reduce its high-cost debt. Interim CEO Jason Dies has retired, and the board has appointed a new interim CEO, Lance Rosenzweig, who previously led Support.com Inc., a software company. Pitney Bowes reported an 8% decline in revenue to $3.3 billion in 2023, and its debt load of $1.8 billion has been described as “disturbingly high.” The company is working to transform into a more streamlined enterprise, focusing on profitable segments and improving liquidity forecasting.

Click here to read the full article: Financially challenged Pitney Bowes appoints new interim CEO amid major cost-cutting plan

Law Firm Relocates to West Hartford

According to the Hartford Business Journal, RisCassi & Davis, a personal injury law firm based in Hartford, is relocating its main office. The firm has acquired an office building at 91 South Main St. in West Hartford for $1.06 million. The new location will serve as the primary office, while some staff members will also be moved to a newly leased office in Glastonbury. The current main office at 131 Oak St. in Hartford, where the firm has been located for 42 years, is up for sale. The West Hartford office is less than half the size of the Hartford location, with 4,158 square feet on a 0.44-acre lot.

Click Here: Personal injury law firm RisCassi & Davis moving out of Hartford for more information.

Expansion Started at Baker Hollow Logistics Center

According to the New England Real Estate Journal, Condyne Capital Partners, LLC is undertaking an expansion of the Baker Hollow Logistics Center located at 205 Baker Hollow Rd. in Windsor. The expansion will result in a 185,600-square-foot modern high-bay industrial building, featuring 32’ clear heights, 36 dock doors, and 45 trailer parking spaces. The facility, designed for multi-tenant use with the potential for a single tenant, will include 12 EV charging stations and a solar-ready roof. Construction has commenced with completion expected in fall 2024.

Click Here: Condyne Capital begins expansion of 185,600 s/f logistics center for more information.

Solar Energy Projects Completed in Cheshire & Newington

According to the Hartford Business Journal, QCells and Hanwha Aerospace USA have completed solar and energy-storage projects in Cheshire and Newington. These projects are part of the state’s Energy Storage Solutions program, which encourages the use of energy storage for grid and customer benefits. The installations at HAU’s headquarters and its Newington facility will generate 1.7 MW of solar power and store 1.2 MWh of energy, expected to save over $2 million in energy costs and reduce CO2 emissions significantly. Additionally, these projects are supported by the federal Inflation Reduction Act, offering a 30% tax credit for such installations.

Click Here: QCells completes solar and energy-storage projects in Cheshire, Newington for more information.

Insurer Leases 19,000SF in West Hartford

According to the Hartford Business Journal, Beazley PLC has relocated its Connecticut office to a new 19,000-square-foot space in West Hartford’s Blue Back Square, at 65 Memorial Road. The move from Farmington to this vibrant urban-suburban location is part of the company’s strategy to create an environment that encourages employees to return to the office, featuring open work areas and various amenities.

Click Here: Insurer Beazley’s new, modern West Hartford digs aim to lure workers back to the office for more information.

Pharmaceuticals Company Purchases Downtown New Haven Property

According to the Hartford Business Journal, Biohaven Pharmaceuticals Inc. has expanded its presence in downtown New Haven by acquiring the property at 209 Church St. for $2.35 million from Church 209 LLC. The newly purchased building offers 8,900 square-feet of space. This purchase is adjacent to Biohaven’s main headquarters at 215 Church St. and follows their earlier acquisition of the 42,000-square-foot former Quinnipiack Club.

Click Here: Biohaven Pharmaceuticals pays $2.35M for another downtown New Haven property to read more.