The 64,000-square-foot New Britain manufacturing warehouse for sale that once housed All Mail Direct has undergone a 30 percent cut in its $2.55 million asking price, brokers say.
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The 64,000-square-foot New Britain manufacturing warehouse for sale that once housed All Mail Direct has undergone a 30 percent cut in its $2.55 million asking price, brokers say.
The new price is $1.8 million for the building that opened in 1966 on 3.4 acres at 55 John Downey Drive. Peterson LLC is landlord.
Among its footprint is 3,000 square feet of office space with central air conditioning, according to listing broker Reno Properties Group.
The building also features multiple high-loading docks and drive-ins with overhead doors, according to Reno's online property flyer.
A year ago, All Mail Direct relocated its fulfillment and direct-marketing operations to leased quarters at 128 Old Brickyard Lane in Berlin.
$825K Newington listing
An 11,850-square-foot building on the Newington leg of the Berlin Turnpike is on the market with an $825,000 asking price, brokers say.
The building at 2172 Berlin Turnpike/Route 5-15 is on 1.82 acres and can be used for industrial or retail, listing broker Sentry Commercial said.
Built in 1984, the tri-level structure has 1,250 square feet of office space on its mezzanine.
Hartford apt. sale-price cut
The asking price has been trimmed 2.6 percent on a 15-unit apartment building in Hartford's Asylum Hill neighborhood for sale since last summer to $599,000, brokers say.
Broker Reno Properties Group LLC listed a $615,000 pricetag when the three-story brick building at 1 Huntington St. first appeared on the market.
Reno said at that time the property's latest improvements included a new rubber roof, new gas boiler and heating-system controls, fire escapes, windows, and electrical system.
It has 12 one-bedroom and three two-bedroom units with yearly operating income per unit of $60,374, Reno said.
S. Windsor sale/lease option
A 4,320-square-foot flex industrial building in South Windsor is on the market for sale or lease.
The facility on 0.82 acres at 12 Sea Pave Road has a $295,000 sale price, according to listing broker Sentry Commercial. It's also available for lease at $5.50 a square foot.
Built in 1989, the property has a secure, fenced yard, two 12-foot by 14-foot drive-in doors and is suitable for a wide variety of uses. It also contains 300 square feet of office space.
S. Windsor sublease
Par Electrical Contractors signed a five-year sublease on a 31,404-square-foot building in South Windsor to house its Connecticut division, brokers say.
The free-standing building is at 55 Corneau Way.
New Haven broker Pearce Commercial represented landlord Joseph T. Ryerson and Sons Inc. in the lease talks. JLL was Par's broker.
$505K Bloomfield sale
A 41,180-square-foot Bloomfield industrial building sold recently for $505,000, brokers say.
BD55 LLC bought the building on 3.74 acres at 55 Peters Road from J.E.S. Realty LLC.
Sentry Commercial was sole broker.
Zangari Cohn’s Hartford office
New Haven law firm Zangari Cohn Cuthbertson Duhl & Grello PC has opened a satellite downtown Hartford law office in 2,500 square feet in the former Hartford Trust building at 750 Main St.
Reese Commercial Real Estate Services represented Zangari Cohn in its search. Landlord Boxer Properties represented 750 Main LP.
Zangari Cohn also has offices in Warwick, R.I.
Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.
Gregory Seay is the Hartford Business Journal News Editor.
