Market
Warehouse in Windsor Locks Sells for $17.75M
According to the Hartford Business Journal, a 456,237 SF warehouse in Windsor Locks has recently sold to a Los Angeles-based investor. Summerstone Fund VI LLC sold the property located at 295 Ella Grasso Turnpike to 295 Ella Grasso Owner LLC for $17.75M, nearly double the amount it sold for in 2018.
Click Here: Windsor Locks warehouse fetches $17.75 million, more than double 2018 price for more information.
4,840 SF New to Suffield CT Industrial Market
Sentry Commercial is pleased to present 4,840 SF for lease at 11 Kenny Roberts Memorial Drive, Suffield CT. This flex space offers one dock, one drive, and is located two miles from Bradley International Airport.
Click here for more information: 11 Kenny Roberts Memorial Drive, Suffield CT
Commercial Plaza in Orange sells for $7M
According to the Hartford Business Journal, a commercial plaza in Orange was recently sold to a Brandford-based investment group. The plaza, located at 185 Boston Post Rd., features 56,000SF and 6.25 acres. The plaza, which is home to serveral storefronts and restaurants, was sold for $7M.
Click Here: Hitchcock Plaza in Orange sells for $7M for more information.
East Granby Industrial Building Sells for $2.15M
According to the Hartford Business Journal, Bradley Park LLC recently sold a 3.8-acre light industrial building at 51 Bradley Park Rd., in East Granby to a Norwalk-based investor. The 68,977 SF property sold for $2.15M and features “…20-foot ceilings, six loading docks and two, 14-foot-tall grade-level doors.”
Click Here: Investors pay $2.15M for warehouse next to Bradley, plan extensive renovation for more information.
Insurance Company Relocates to Downtown Hartford
According to the Hartford Business Journal, international life insurer Talcott Financial Group, has recently moved into approx. 52,000 SF at 1 American Row in downtown Hartford. The relocation of its headquarters comes after an earlier announcement that the company would be relocating from Windsor back to Hartford.
Click Here: Talcott Financial opens downtown Hartford HQ; commits to creating 51 new jobs for more information.
Bristol Property Sells at Auction
According to the Hartford Business Journal, D’Amato Realty LLC recently purchased a former bank building via auction for $406,600. The 6,930 SF property, located at 53 North St., sits on .66 acres and features 42 parking spaces with a drive thru-lane.
Click Here: Former Bank of America branch in Bristol sells via auction for more information.
CT Furniture Dealership Acquired by Boston-based Company
According to the Hartford Business Journal, a Boston-based global furniture company has acquired Connecticut-based furniture retailer OFI. Per the article, OFI, which has customers in Connecticut and Westchester County, New York, will be rebranded under the Creative Office Resources name by the end of the year.
Click Here: Boston company acquires CT furniture dealership for more information.
60K SF Industrial Sale in Manchester CT
Sentry Commercial is pleased to announce that Empire Industries, Inc. has purchased 50 and 80 Utopia Road, Manchester, CT from SL 80 Utopia Road, LLC & SL 50 Utopia Road, LLC. The two properties, consisting of a 60,000 SF high bay industrial facility on a total of 7.94 acres, sold for $5,700,000.
Sentry Commercial represented the buyer and was the sole broker in this transaction.
BioCT to Relocate to New 101 College Building in New Haven
According to the Hartford Business Journal, BioCT, representing Connecticut’s bioscience industry, will relocate to the new 101 College St. building in New Haven by February. This move is driven by the appeal of the building’s modern event space, offering room for 10 to 400 people. BioCT currently manages incubators in Groton and New Haven but lacks dedicated office space. The new location will foster collaboration with various organizations enhancing its mission to support life sciences companies through lobbying, mentoring, and educational services. Construction is expected to be complete by fall, with the first tenants moving in early next year.
Click Here: BioCT plans to move into new 101 College building in New Haven for more information.
Hartford’s Cast Iron Building Listed for Sale
According to the Hartford Business Journal, a 25,000SF mixed-use building located in downtown Hartford has recently been listed for sale. The property at 235-241 Aslyum St., known as the “Cast Iron Building” is listed with an asking price of $3.2M. Per the article, “The Cast Iron Building hosts the popular New York Deli & Market on the first floor. There are eight apartments on the fourth through seventh floors.”
Click Here: Downtown Hartford’s Cast Iron Building goes on market amid economic uncertainty for more information.
Old Saybrook Property Purchased for Dispensary
According to the Hartford Business Journal, Cannabis company Fine Fettle recently purchased purchased an Old Saybrook property for its next dispensary. The property, located at 233 Boston Post Rd., features a 4,920SF retail building on 1.2 acres. Per the article, construction is underway and the company expects to begin operating mid-December.
Click Here: Fine Fettle buys Old Saybrook property for dispensary; construction underway for more information.
Downtown Hartford Building Eyed for 78-Unit Apartment Conversion
According to the Hartford Business Journal, Hartford-based real estate investors are seeking funding for a $26.7M redevelopment of 15 Lewis St., in Hartford into 78 apartments. The five-story building has been vacant since 2020. Per the article, “The project would result in 51 studios, 24 one-bedroom units and three two-bedroom apartments.”
Click Here: Former LAZ Parking HQ building in downtown Hartford targeted for $25.7M, 78-unit apartment conversion for more information.
Nonprofit Broadcaster Explores Renovation of Hartford HQ
According to the Hartford Business Journal, a nonprofit broadcaster intends to transform the ground floor of its Hartford office tower into a public engagement center. The property, located at 1049 Asylum Ave., in Hartford features 62,960SF on 2.7 acres. They are actively seeking public and private grants to fund this $3.2 million project that will include “…a public engagement center, including a 225-person auditorium, meeting space, black-box studio and a small conference room.”
Click Here: Broadcaster Connecticut Public eyes large-scale renovation to Hartford HQ for more information.
Windsor Locks Rejects Large-Scale Warehouse Project Amid Residents Concerns
According to the Hartford Courant, The town of Windsor Locks recently rejected a developer proposal to construct a mega-warehouse along Route 20. Municipal officials ultimately sided with residents concerned of noise and traffic being significantly increased. They also argued that the almost 200-acre Waterworks Brook parcel nearby would be negatively affected by the industrial operation.
The developers were aiming to rezone more than 70 acres to permit the project.
Click Here: CT town nixes massive mega-warehouse plan with residents favoring conservation for more information.
Medical Linen Company Eyes $30M Expansion in Hartford
According to the Hartford Business Journal, The Mayor of Hartford is proposing a 10-year tax abatement for a $30 million expansion project by A&P Coat, Apron & Linen Supply LLC, a subsidiary of Unitex Textile Services. They plan to convert a warehouse building at 121 Wawarme Ave. into an industrial laundry facility. The City Council is set to consider this request at its September 11 meeting.
Unitex, the parent company, already operates two sites in Hartford and aims to employ more residents with this expansion, starting with 175 employees and potentially growing to 220.
The property, purchased by HMC Real Estate Partners in 2021, will see a substantial renovation worth about $20 million. The tax agreement will gradually decrease the real estate tax bill over the years, with details about the savings still unclear.
Click Here: Medical linen company eyes $30M Hartford expansion for more information.
Manchester Property Sells for $1.25M
According to the Hartford Business Journal, Highland Park Market, a Manchester-based grocery chain, recently acquired the Bogner Quality Meats location in Manchester for $1.25M. The property, a 19,438SF building on 5.7 acres at 349 Wetherell St., will undergo refurbishment to serve as storage, a centralized bakery, and a kitchen for prepared foods sold at Highland Park Market’s three locations in Manchester, Glastonbury, and Farmington.
Click Here: Highland Park Market buys Manchester butcher shop building for $1.25M for more information.
Industrial Property in Cromwell Sells for $1.25M
According to the Hartford Business Journal, Whitehawk Land LLC recently purchased a 12,174SF industrial building in Cromwell for $1.25M. The building, which is 35 years old, is situated on 2.44 industrially zoned acres at 800 Corporate Row. It features 18-foot wall heights, two loading docks, and three drive-in doors.
Click Here: Cromwell industrial building sells for $1.2M for more information
Wallingford Office Building Sells for Over $3M
According to the Hartford Business Journal, CT Wallingford Realty Partners LLC recently purchased an office building from Founders Associates LLC for $3.3M. The property totals 45,320SF and sits on 3.6 acres. Per the article, “The building contains about 25,000 square feet of vacant industrial/flex space…”
Click Here: Office building in Wallingford sells for $3.3M for more information.
New Haven Manufacturing Building Sells for $1.2M
According to the Hartford Business Journal, 260 Wolcott Street LLC recently purchased a 16,000SF manufacturing building from Steinhardt Properties LLC. The property, located at 260 Wolcott St., sold for $1.2M.
Click Here: New Haven manufacturing site sells for $1.2M for more information.
Windsor Plaza Sells for $19M
According to the Hartford Business Journal, First National Realty Partners recently purchased a 78,500SF shopping center in Windsor. The plaza at 1095 Kennedy Rd., is anchored by a Stop & Shop, and was sold for $19M.
Click Here: Windsor retail plaza sells for $19 million for more information.