Market

8K SF New to Vernon CT Market

Sentry Commercial is pleased to present 8,000 SF for lease at 77 Industrial Park Road, Vernon. The space offers two 10′ x 10′ dock doors and one 10′ x 10′ drive.

Click here: 77 Industrial Park Road, Vernon for brochure, plans and property slideshow.

New Industrial Park in Westfield MA

A new industrial park is in the works in Westfield, MA. The 66-acre parcel of land between Cabot and Turnpike Industrial Roads will be rail-served and is expected to be offered for development early in 2019.

See attached MassLive article for more information.

25,760 SF new to Windsor CT market

Sentry Commercial is pleased to offer 134 Addison Road, Windsor for sale or lease. This 25,760 SF industrial property on 3 acres is located less than one mile from I-91 and is suitable for a wide variety of uses.

Click here: 134 Addison Road, Windsor for brochure, plans and property slideshow.

Price reduced on 30K SF in Suffield CT

Sentry Commercial is pleased to present 1160 South Street, Suffield at the reduced sale price of $1,100,000. This 29,920 SF industrial facility on 1.97 acres is located one mile from Bradley International Airport and offers 2 docks, 1 drive, and up to 11,840 SF of office space.

Click here: 1160 South Street, Suffield for brochure, plans and property slideshow.

48K SF Available in Agawam MA

PCT Realty Venture has purchased 265 Main Street, Agawam for $1.9M.  The 146K SF former Southworth Paper factory is partially occupied by Crane & Company.  The remaining 48,000 SF of manufacturing and warehouse space is available for lease.

See attached MassLive article for more information.

Price reduced on 57K SF in Enfield CT

Sentry Commercial is pleased to offer 21 Manning Road, Enfield for sale at the reduced price of $1,295,000. This 57,361 SF industrial building on 12.79 acres offers 4 docks, 1 drive-in door and 1,200 amp/480 volt power.

Click here: 21 Manning Road, Enfield for brochure, plans and property slideshow.

Price reduced on 26K SF in Windsor CT

Sentry Commercial is pleased to offer 134 Addison Road, Windsor for the reduced price of $1,494,000 for sale or $5.50 nnn for lease. This 25,760 SF industrial property on 3 acres is located less than one mile from I-91 and is suitable for a wide variety of uses.

MassMutual announces Springfield and Boston expansion

MassMutual has announced plans to expand its Springfield MA operations and open a new Boston MA office. MassMutual will open a 300,00 SF office in Boston’s Seaport District in 2021. The office is planned to accommodate over 1,000 employees. Additionally, the Springfield-based insurer will close its Enfield CT operations and relocate 1,600 employees to its Springfield headquarters (which will undergo $50M in renovations). The State of Massachusetts is providing $46M of incentives for the proposed expansion.

See full Boston Business Journal article: MassMutual plans Boston Office building

SIOR CT/WMASS chapter releases latest market survey

SIOR’s Connecticut and Western MA Chapter recently released its latest market survey, reflecting market activity for Q3 & Q4 2017 as well as its members outlook for 2018.

No major surprises in its 2018 Outlook. In 2017 the industrial sector continued to outperform the office sector and the outlook is for more of the same in 2018. That said, almost half its members believed the markets would remain about the same as 2017.  Most members also believe vacancy rates in the industrial sector will continue to decline, as lease rates increase.

Of note, although one would believe new, speculative development would increase with the tightening industrial market, most members do not believe that to be the case. This is likely due to the disconnect between the cost of construction versus market rents.

See full report attached: CT/WMASS 2017 Year-End SIOR Market Survey

Price reduced on 23K SF in Bloomfield CT

Sentry Commercial is pleased to offer 9 Britton Drive, Bloomfield CT for sale at the reduced price of $725,000. This 22,710 SF industrial facility on 3.44 acres is located in the Gateway Business Park.

Click here: 9 Britton Drive, Bloomfield for brochure, plans and property slideshow.

Economy Spring to expand in Southington CT

Economy Spring is relocating from 29 Depaolo Drive and expanding into 219,000 SF at 75 Aircraft Road, Southington. Connecticut’s Department of Economic and Community Development provided a $3 million loan to purchase equipment and is providing relocation assistance.

See attached Hartford Business Journal article for more information.

Price reduced on 13K SF in South Windsor CT

Sentry Commercial is pleased to offer 250 Nutmeg Road South, South Windsor for sale at the reduced price of $890,000. This 12,800 SF industrial condo has attractive offices along with 9,196 SF of engineering space, and is 100% air conditioned.

Click here: 250 Nutmeg Road South, South Windsor for brochure, plans and property slideshow.

Vixxo expands to Market Square in Hartford CT

Arizona-based Vixxo has leased 20,000 SF at 225 Asylum Street, Hartford. Vixxo provides maintenance services for fuel, food and beverages at 7-Eleven and Sunoco stores on the East Coast.

See attached Hartford Business Journal article for more information.

MTD Micro Molding expanding in Charlton MA

MTD Micro Molding is planning a 12,000 SF expansion to its 16,150 SF headquarters at 15 Trolley Crossing Road, Charlton. MTD has been adding up to three employees a year for the past few years, and officials expect that steady hiring rate to continue.

See attached Plastics News article for more information.

CT Surgery Center plans expansion in Farmington CT

Connecticut Surgery Center is planning to expand to a new 50,000 SF facility in Farmington, at the intersection of Farmington Avenue and State Highway 508. The outpatient surgical facility is currently located at 81 Gillett Street in Hartford. No timing for the move or project costs were released.

See attached Hartford Business Journal article for more information.

BVH expands in Bloomfield CT

Engineering company BVH Integrated Services has leased 206 West Newberry Road, Bloomfield.  The 22,826 SF flex building on 5.79 acres is owned and managed by Griffin Industrial Realty. BVH relocated from 50 Griffin Road South, Bloomfield

See attached Hartford Business Journal article for more information.

Seaman Paper plans to expand in Orange MA

Seaman Paper Company plans to construct a new warehouse in the Orange Industrial Park. The proposed 165,000 SF facility at 10 Lucci Drive, Orange has been approved by the town planning department. Once plans are approved by the town water department, the project is expected to take up to one year to complete.

See attached Greenfield Reader article for more information.

6K SF new to Suffield CT market

Sentry Commercial is pleased to offer up to 5,920 SF for lease at 1160 South Street, Suffield. The second floor office space is ready for immediate occupancy.

Click here: 1160 South Street, Suffield for more information.

Arvinas expands in New Haven CT

Pharmaceutical company Arvinas, LLC has plans to expand from 9,465 SF to 25,578 SF of lab, research and office space at 5 Science Park, New Haven. The latest expansion of 8,500 SF is expected to be complete by the end of February and will bring up to 30 new jobs to the area.

See attached New Haven Biz article for more information.

37K SF new to East Longmeadow MA market

Sentry Commercial is pleased to offer 36,900 SF for lease at 35 Industrial Drive, East Longmeadow MA. With 4 dock doors, 1 drive-in door and 800 amp power, this modern industrial space is ideal for warehousing and distribution

Click here: 35 Industrial Drive, East Longmeadow for brochure, plans and property slideshow.