Market
Fluid Dynamics leases in Manchester CT
(6/12/13) Fluid Dynamics, LLC, a family-owned hydraulics and pneumatics distribution company, has leased 192 Sheldon Road, Manchester CT. This attractive 8,960 SF free-standing facility is located in the Manchester Industrial Park.
Sentry Commercial was the sole broker in this transaction.
New to Chicopee MA market
(6/7/13) Sentry Commercial/Hart Group International is pleased to offer 77 Champion Drive, Chicopee, MA for sale or lease. This 154,743 SF high bay facility sits on an expandable 17.27 acre site and offers 11 tailgate dock doors, 2 drive-in doors, heavy power and is available immediately.
Click on 77 Champion Drive, Chicopee for more information.
Bloomfield CT industrial building sale
(5/31/13) Professional tree service company SavATree, has purchased 12 Northwood Drive, Bloomfield CT. The 3,600 SF industrial building on 2.08 acres sold for $290,000.
Sentry Commercial represented the seller in this transaction.
Sentry Commercial to relocate in Hartford CT
(5/31/2013) Sentry Commercial has signed a long term lease with 38 LLC for its new headquarters at 38 Prospect Street, Hartford CT. Sentry Commercial will relocate its headquarters from 100 Pearl Street to 2,076 square feet on the third floor of the building known as the JCJ Architects corporate headquarters. Relocation will occur on July 1, 2013.
Associated Products renews in East Granby
(5/31/2013) East Granby CT based Associated Products, Inc., has recently renewed its lease for 2,200 square feet of office and industrial space at 29 Kripes Road, East Granby CT. Associated Products has been located at the 64,800 square foot, multi-tenant building since 2003.
Sentry Commercial represented the landlord, Airport Business Center III LP in the lease renewal.
New to South Windsor CT market
(5/23/13) Sentry Commercial is pleased to offer 8,000 SF at 255 Nutmeg Road South, South Windsor CT for lease. This attractive space has both drive-in and loading dock doors, 1,800 SF of finished office space and a fenced-in yard.
See attached 255 Nutmeg Road South, South Windsor for brochure, floor plan and site plan.
Mistras expands in New England Tradeport
(5/22/13) Mistras Group, Inc., a global provider of technology-enabled asset protection solutions, has renewed and expanded its lease at 16 International Drive, East Granby CT. The company now occupies 17,000 SF of the 58,370 SF multi-tenant industrial building located in Griffin Land’s New England Tradeport.
See attached New England Real Estate Journal article for more information.
Turbotec leases in Bloomfield CT
(5/19/13) OEM manufacturer Turbotec Products, Inc. has recently leased 26,900 square feet of industrial and office space at 1404 Blue Hills Avenue, Bloomfield CT. Turbotec will relocate from its present operations on Day Hill Road in Windsor CT to its new location in the next couple of weeks. Babcock and Brown Parallel Industrial LLC is the landlord.
Sentry Commercial represented Turbotec in the lease negotiations.
Tsubaki to expand Holyoke MA operations
(05/14/13) Tsubaki, an ISO 9001:2000 certified leading supplier of chain, power transmission and motion control products, will be expanding its 209,000 SF operation at 821 Main Street, Holyoke MA. The Planning Board has approved the addition of an 11,250 SF facility on the 11 acre property. The $6M to $7M expansion is expected to be complete this fall and add 15 new positions to the company.
See attached masslive article for more information.
Electronics recyclers lease in Waterbury CT
(5/14/13) Take 2, Inc., a full-service electronics recycling and IT management company, has leased Building 1 in the Round House Industrial Park. The 25,600 SF industrial facility located at 567 South Leonard Street, Waterbury CT was built in 1964 and renovated in 1993.
See attached CoStar.com article for more information.
Cannondale looks to expand
(5/11/13) According to a recent Hartford Courant article, Bethel CT based bicycle manufacturer, Cannondale Sports Unlimited, is seeking a $3 million loan from the State of Connecticut. If the company receives the loan it will relocate its headquarters to a 50,000 square foot facility in Wilton CT. The company presently employs 143 employees.
See attached article: Cannondale to Expand
Seaboard expands to Stratford CT
(5/8/13) Family-owned Seaboard Industries, Inc., chemical, equipment and part suppliers for the swimming pool and spa industry, has leased 100 Benton Street, Stratford CT. The 32,000 SF industrial facility will serve as a supply warehouse, expanding the New Jersey based company into Connecticut.
See attached New England Real Estate Journal article for more information.
Yale Locks returns to CT
(5/7/13) According to the Hartford Business Journal, Yale Locks & Hardware is returning to Connecticut after vacating the Nutmeg State more than 50 years ago. Yale Locks, which is now a part of Assa Abloy, will relocate 160 jobs to Assa Abloy’s existing facility at 225 Episcopal Road, Berlin CT.
See attached Hartford Business Journal article: Yale Locks returns to CT
Carter’s to close Shelton CT offices
(5/3/13) According to the New Haven Register, children’s clothing giant Carter’s will close its 65,000 SF office at 1 Waterview Drive, Shelton CT by the end of June. The accounting, payroll and human resources operations will be relocated to Atlanta, where the company is based. While some employees will relocate with the company, the move still means 95 jobs lost in CT.
See attached NHR article for more information.
East Windsor Industrial Building Sells
(4/30/13) Enfield based investor Frank Magnani recently purchased the property located at 230 Main Street, East Windsor CT. The 7,600 square foot, single story, free-standing industrial building is located on .62 acres. Purchase price was $115,000.
Sentry Commercial represented the seller, UPS Capital Business Credit, in the sale of the property.
See attached property details: 230 Main Street, East Windsor
New to Lebanon CT market
(4/17/2013) Sentry Commercial is pleased to offer Scott Hill Road, Lebanon CT for sale. Located immediately off Route 2 and 32 miles from Hartford, the 22.1 acre site has an average daily traffic count of 23,700 vehicles. Close to Mohegan Sun and Foxwoods, this Business District zoned parcel may also be used for retail, industrial, office, gas, restaurant or residential applications.
See attached Scott Hill Road, Lebanon CT for brochure and site plan.
New to Glastonbury CT market
(4/15/2013) Sentry Commercial is pleased to offer 7,912 SF of office space at 100 Western Boulevard, Glastonbury, CT. Located in Salmon Brook Corporate Park, the building is easily accessible to and from Route 2 at exit 8, or I-91 via the Putnam Bridge, and it is convenient to restaurants, shops and banks. The space can be subdivided to 2,000 SF and will be available as of December 1, 2013.
See attached 100 Western Boulevard, Glastonbury CT for brochure and floor plan.
Bristol-Myers announces MA expansion
(4/15/2013) Bristol-Myers Squibb, the drug manufacturer with significant operations in Connecticut and Massachusetts, has announced plans for a $250 million expansion in Devens MA. The expansion plans include the expansion of the facility footprint in Devens MA as well as the eventual hiring of over 350 workers.
See attached MassLive.com article: Bristol-Myers Squibb to expand
South Windsor CT office condo sale
(4/10/13) 406 Wentworth Park Realty, LLC has sold 225 Oakland Street, Unit 406, South Windsor CT to Saxton Real Estate, LLC. The 1,400 SF office condominium was purchased in move-in condition for $210,000.
Sentry Commercial represented the seller in this transaction.
Pfizer to demolish part of Groton facility
New York based pharmaceutical company, Pfizer Corp., continues its plan to demolish over 750,000 square feet of its R&D operations in Groton CT. The demolition of what is known as Building 18 will cost the Town of Groton over $2 m in tax revenues. Compounding the tax issue is Pfizer’s continued reduction of personal property in its remaining facilities. The good news? Pfizer continues to be Groton’s number one taxpayer with over $550 m in assessed property.
See attached Hartford Courant article: Pfizer to demolish plant