Market Insights
From major acquisitions and new developments to shifting trends and standout deals, we bring you fresh updates, local stories, and expert takes on the commercial real estate moves shaping our region. Whether you’re tracking the latest transactions or just curious about what’s next, we’ll keep you in the loop with news that’s timely, relevant, and easy to digest.
According to the Hartford Business Journal, Belimo has expanded its Connecticut footprint by signing a lease for 170,000 square feet of warehouse space at 975 Lordship Blvd. in Stratford. The facility, which will be used for distribution and storage, adds to the company’s existing operations at its owned property at 33 Turner Road in Danbury, […]
According to the Hartford Business Journal, Glastonbury Pro Park LLC is seeking approval to build a 90,720‑square‑foot commercial complex at 107 Sequin Drive in Glastonbury. The plan calls for nine buildings of roughly 10,080 square feet each on an 8.8‑acre undeveloped parcel located at the end of the cul‑de‑sac in the town’s Planned Commerce Zone. […]
According to the Hartford Business Journal, Superior Equipment and Supplies purchased the 5,512‑square‑foot industrial building at 1198 West St. in Southington for $1.4 million. The property, situated on 4.37 acres and built in 2009, will be used for the company’s ongoing operations. The seller, Engineered Construction LLC, transferred a site that had an appraised value […]
According to the Hartford Business Journal, RMS 177 Broad Street LLC purchased the 197,150‑square‑foot, 16‑story office tower at 177 Broad St. in Stamford for $13.2 million. The seller, 177 Broad Street Owner LLC, had acquired the property for $79 million in 2007, and the building was most recently appraised at $39.4 million with an assessed […]
Sentry Commercial is pleased to present 7 Hemingway Drive, Riverside RI for sale. This 41,474 SF industrial facility on 2.27 acres features a functional lower level, 2 freight elevators, 2 docks and 2 drives. Ideally located with excellent highway access, this property is perfect for manufacturing, storage and distribution.
According to the Hartford Business Journal, Connecticut’s industrial market is still relatively healthy, but high construction costs have slowed ground‑up development and pushed owners toward renovating older facilities instead. Demand for new industrial space has cooled enough that speculative projects are largely on hold, and companies continue to face shortages of skilled labor, which is […]
