Machinery maker American Tool & Manufacturing Corp. paid $1.3 million for the former Newington headquarters building of Arburg Inc.
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Machinery maker American Tool & Manufacturing Corp. paid $1.3 million for the former Newington headquarters building of Arburg Inc.
Maymar Realty LLC bought the 29,680-square-foot building on 2.05 acres at 125 Rockwell Road that American Tool will move into from 12,000 square feet less than two blocks away, at 75 Rockwell Road.
Arburg, a German maker of injection-molding machinery, earlier this year moved out of 125 Rockwell after building its new U.S. headquarters building at 644 West St. in Rocky Hill.
Cumberland Farms’ Rocky Hill play
Cumberland Farms has opened its newest 4,500-square-foot Connecticut convenience store in Rocky Hill.
Earlier this year, Cumberland acquired a pair of parcels totaling 1.3 acres from two subsidiaries of New England Properties Inc.: Rue de France LLC and 741 Cromwell Ave. LLC. Both originally acquired the acreage a decade ago, with the intention of erecting an office building in what is a dense residential area.
In May 2014, the chain unveiled its extensively remodeled store at 2875 Main St. in Glastonbury.
Cumberland Farms operates more than 600 stores in 11 states. Its other Hartford region stores are at: 1855 Berlin Turnpike, Wethersfield; 38 Berlin Road, Cromwell; and 333 Talcotville Road, Vernon.
Berlin’s ‘Stick Village’
Berlin builder-developer Wicklund Builders has broken ground for its Stick Village office-retail complex on Webster Square Road in town.
The 3.23-acre development will have six stand-alone office and retail buildings placed in a U-shaped configuration for easy parking and access. Size of each will vary from 2,500 square feet up to 4,200 square feet, but all six will total about 23,000 square feet.
ProNatural Physicians Group will occupy the first building when completed in early October, at 120 Webster Square, founder Earl Wicklund said.
Wicklund is known for developing and building projects on Farmington Avenue in Berlin, including the TD Bank building, Average Joe's Fitness and Park Place.
CT landlord’s Ohio play
Old Lyme landlord Hamilton Point Investments LLC recently paid $14.6 million for an Ohio apartment property.
Hamilton Point bought the 232-unit Collier Park apartments in Grove City, Ohio, from the Collier Park LLC unit of Champion Companies. It opened in 2001.
Hamilton Point, which once owned a portion of the downtown Hartford Bushnell on the Park apartments, says it will make modest interior and exterior upgrades at the property over the coming year.
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Gregory Seay is the Hartford Business Journal News Editor.
