“Big News”. STR Holdings completes purchase in East Windsor CT! According to the Hartford Business Journal, STR Holdings, an Enfield CT based solar manufacturer, has closed on the long rumored purchased of a new facility in East Windsor CT. STR has purchased the former “Mushroom Factory” at 96 Newberry Road, East Windsor CT for (what we believe to be) […]
Thought
Interesting perspective from a “Futurist” from Haddam CT (see attached Commercial Record article: Futuristic Says CT Manuafacturing Will Rebound). Ken Gronbach, of KGC Direct (http://www.kgcdirect.com/) is predicting the return of manufacturing to Connecticut in the future (although he doesn’t say how many years into the future). The basis of his theory appears to be two-fold. One, […]
The market seems to be picking up a little bit. Can’t tell in these October sales and lease transactions but likely will in November and December results. Have a happy and safe holiday season. October Comps Mark
I have started a “Big News, Bad News, Same OLD News” series – Here’s the first installment! BIG NEWS! New Haven based Higher One recently signed a long term lease to occupy 140,000 sf of space at Science Park in New Haven CT. Higher One assists colleges in managing payment of financial aid, refunds, invoicing etc to its […]
Occasionally I receive calls from reporters looking for my input on the industrial real estate markets…here in the state and the region. Most questions are fairly typical. Vacancy rates…reasons for a plant closings…when are we going to get out of this mess…etc etc etc. Last week I received a call from a reporter with a little […]
While we are starting to see a bit of a recovery in the commercial real estate markets…New England and, in particular, Connecticut continue to struggle. Why? The cost of doing business continues to increase in the region. That means taxes, labor, benefits and utilities. And while some in the State of CT will want you to believe that the […]