Amazon has purchased a long-vacant warehouse at 7120 Main Street, Trumbull for $7.5 million. The online retail behemoth plans to turn it into a distribution center that will bring about 150 jobs to the state, according to published reports.
The 110,000-square-foot warehouse has been vacant for at least a decade. The Read’s Department Store chain had operated the warehouse for years before the company shuttered its doors in 1993. More recently Oxford Health Plans used the warehouse for office space.
Amazon plans to use the site as a local distribution center, company officials said. The sale was finalized Jan. 22.
SIOR chapter awards UConn scholarships
The Connecticut/Western Massachusetts Chapter of the Society of Industrial & Office Realtors (SIOR) has announced recipients of scholarships for the spring 2020 semester at the University of Connecticut. A total of $18,972 was awarded to six UConn students, all majoring in real estate and urban economics and all on the Dean’s List for the most recent semester.
The scholarship recipients are Katie Hillowe, Jason Alaska, Cassie Cicalis, Julia Simics, Kristina Kasper and Alex Bottazi. The UConn Real Estate Center scholarships are funded by the chapter-sponsored Samuel F. Pierson and Carl F. Traub scholarships, with matching dollars provided by the SIOR Foundation.
TRANSACTIONS
Sky Wholesale LLC has leased a 768-square-foot warehouse unit at 11 Sycamore Way, Branford. Owned by Alaa Kassar, the firm will use the space for the distribution of candy, cellphone accessories, e-cigarettes and vape products. The property owner is Gray Eagle Inc. Bill Clark of the Geenty Group, Realtors was sole broker in the transaction.
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New Haven Land LLC of Pennsylvania has purchased property at 130 Park Street, New Haven for $2.15 million, according to city records. The seller was Stewart Hutchings, and the parcel currently has the Bubble & Squeak laundromat on it. Sean McCloskey is listed as principal of New Haven Land LLC with the Secretary of the State’s office. McCloskey is a co-founder and owner of the Penn Group, a real estate investment and development firm involved in retail, hospitality and office space development. In November, the firm purchased multiple parcels in the vicinity for a combined $2.5 million. That deal included 421 George Street, 134 + 136 Park Street, and 370 and 374 Crown Street. The parcels currently include an office building and parking lots.