Market
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.
13K SF Industrial Sale in Manchester CT
Triple G Scaffold Services Corporation has purchased 23 Sanrico Drive, Manchester CT from Sanrico Realty, LLC. The 13,034 SF facility on 1.22 acres sold for $550,000.
Sentry Commercial was the sole broker in this transaction.
Corsicana Mattress expands to Newington CT
Corsicana Mattress Company has leased 212,000 SF at 353 Alumni Road, Newington. A Corsicana official said the Texas based mattress company, which is investing $6 million to $8 million alone in mattress-making equipment for its 11th U.S. manufacturing facility — and its first of potentially more in New England — plans to ramp up to 150 to 160 staffers in two shifts as quickly as possible. The 615,000 SF former Fafnir Manufacturing plant in the Newington Business Park is owned by Shelbourne Global Solutions LLC.
See attached Hartford Business Journal article for more information.
Southworth Paper Company sells MA facilities
265 Main Street, Agawam MA
The Southworth Paper Company is in the process of completing the following transactions after filing for bankruptcy in August, 2017:
265 Main Street, Agawam: 145,000 SF on 21.70 acres sold to unnamed investors from Adams, MA for $1.88M.
36 Canal Street, Turners Falls: 140,000 SF on 1.40 acres sold to SBD Greentech for $4M.
See attached MassLive article for more information.
Sunpower leases 15K SF in Newington CT
Sunpower Corporation has leased 14,579 SF at 50 Rockwell Road, Newington. The 40,100 SF flex building in the Newington Industrial Park is owned by 50 Rockwell Road, LLC.
Reno Properties Group represented the landlord in this transaction. Tenant representation unknown as of this entry.
15K SF new to South Windsor CT market
Sentry Commercial is pleased to offer 26 Schweir Road, South Windsor for sale. This 15,453 SF industrial facility on 1.1 acres offers six drive-in doors and over 2,300 SF of attractive office space.
Click here: 26 Schweir Road, South Windsor for brochure, plans and property slideshow.
Investment Sale in West Hartford CT
North Main Holdings, LLC has purchased 28 North Main Street, West Hartford from Rosenfield/Hollander Associates. The 9,392 SF office building on .52 acres sold for $1,244,482.
Sentry Commercial represented the buyer in this transaction and Chozick Realty represented the seller.
Montano joins Sentry Commercial
Sentry Commercial is pleased to announce David Montano has joined its brokerage team. Montano, who started at Sentry Commercial in October, will initially serve the company’s industrial clients in the northwest sector of Greater Hartford.
Sentry Commercial is a Hartford CT based commercial real estate firm specializing in brokerage, consulting and property management of industrial, office and investment real estate, serving the needs of its clients locally, regionally and nationally.
Rand-Whitney to expand in MA
Worcester-based Rand-Whitney,
with operations throughout New England, is expanding its Worcester
MA headquarters by an additional 45,000 square feet. The most recent
expansion brings its total expansion in its Rhode Island, Massachusetts
and New Hampshire plants to over 200,000 square feet in the past 24 months.
See attached Worcester Business Journal article: Randy-Whitney plans Worcester expansion
Investment Sale in East Hartford CT
F&M East Hartford, LLC has purchased 53
Connecticut Boulevard, East Hartford from Connecticut Boulevard
Associates. The two-story 6,580 SF office building sold for $230,000.
Sentry Commercial represented the seller and Colliers
International represented the buyer in this transaction.
Coldwell Banker Renews Simsbury CT Lease
Coldwell Banker Residential Brokerage has extended its lease
at 700 Hopmeadow Street, Simsbury, CT. Coldwell Banker has occupied the 2,250 SF free-standing building in the Drake Hill Mall since 1997.
Sentry Commercial represented Coldwell Banker Residential Brokerage in the
transaction. The landlord, GPF-Drake Hill, LLC, was unrepresented.
7K SF Office Sale in Windsor CT
279 Nutmeg Road South, LLC has purchased 276
Addison Road, Windsor, CT from Action Technology and Investment, Inc.
The 6,996 SF office building on 4 acres sold for $625,000.
Sentry Commercial was the sole broker in this
transaction.
Acme Monaco expands operations to Maine
New Britain, CT based Acme Monaco has opened a new 16,300 SF manufacturing facility in the Skyway Industrial Park of Presque Isle, Maine. The move will consolidate two existing plants and add nearly 5,000 SF to the metal product company’s overall space.
See attached Bristol Press article for more information.
PAS purchases 8K SF in South Windsor CT
PAS Technologies, Inc. has purchased 41 Commerce
Way, South Windsor CT from Fred B. Cuda, Trustee. The OEM and MRO
application and component provider has occupied the 8,400 SF industrial
facility on 1.3 acres since 2016. PAS exercised its right to purchase
the building for $475,000.
Sentry Commercial represented the seller and CENTURY
21 Clemens and Sons Realty, Inc. represented the buyer in this transaction.
Robotics
Keeping it simple on this post. Everyone has heard about robotics and
how robots are affecting our warehouses. See link below for just what that
looks like. This is a clip of an Alibaba warehouse. Amazing! (and yes,
very efficient).
Keep smiling!
50K SF Industrial Sale in Orange CT
Robin Equity, LLC has purchased 70 Robinson Boulevard, Orange from ALM Properties, LLC for $2.1M. The 50,666 SF industrial facility on 6.5 acres will be repurposed for American Seal & Engineering Corporation and serve as its new global corporate headquarters.
Pearce Real Estate was the sole broker in this transaction.
See attached press release for more information.
Three WMASS Companies Awarded Team MA Economic Impact Awards
Avista Pharma Solutions (Agawam MA), Interprint (Pittsfield, MA) and U.S. Tsubaki (Chicopee, MA) were awarded the Bronze, Silver and Gold awards of the West section of the 14th Annual Team Massachusetts Economic Impact Awards! The awards recognize companies that make outstanding contributions to the Massachusetts economy.
Gold award winner U.S. Tsubaki, since January 2016, has invested over $32M to expand its Chicopee MA plant by 100,000 square feet, adding 32 jobs. The 15 award winners throughout the six regions created over 1,000 jobs, invested over $380 million and expanded over 2M square feet!
The event, held last Tuesday in Boston MA, was once again attended by MA Governor Charlie Baker.
See full MassEcon press release: Governor Baker Congratulates 15 Statewide Winners