Boston electrical wire-cable distributor The Arthur J. Hurley Co. paid $1.5 million for an East Hartford industrial building that will open this fall as a parts depot to better serve Hurley’s Connecticut customers, officials say.
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Boston electrical wire-cable distributor The Arthur J. Hurley Co. paid $1.5 million for an East Hartford industrial building that will open this fall as a parts depot to better serve Hurley's Connecticut customers, officials say.
Hurley Co. Chief Financial Officer Jim Clark said the 52,214-square-foot property at 60 Meadow St. formerly was a showroom for commercial office-furniture vendor BKM. Purchased from Boston realty investor New Boston Fund, it will be Hurley's third location, but its first beyond the Boston area.
The 86-year-old family enterprise will hire this summer to staff its East Hartford operation with up to 20 workers, Clark said. Hurley's wire-cable products are delivered mostly to customers engaged in the transit, utility, and commercial-industrial markets.
“We have a fairly mature business in Connecticut that we serve out of Boston,'' said Clark, a Connecticut resident who will be based in the East Hartford office. “It will enable us to increase response times and serve customers' needs.''
Hurley's search covered most of the state, Clark said, stretching from New Haven to Springfield.
The company settled on East Hartford, largely due to its proximity to highways, a capable workforce, and the town's supportiveness for Hurley on a variety of matters, Clark said.
Sentry Commercial was the sole broker in the sale.Â
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$1M Cromwell flex sale
A 12,750-square-foot Cromwell flex building sold for $1.05 million to an owner who will use it for marketing, sales, and distribution of Renewal by Anderson doors and windows, brokers say.
Matthew Esler bought 800 Corporate Row from Buhl Land East IV LLC. The building has four drive-in doors and two loading docks. O,R&L Commercial LLC represented both parties in the sale.
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Krohn’s Meriden buy
New York landlord Avner Krohn recently paid $200,000 for a small Meriden building that he plans to renovate into medical offices, brokers say.
Richard J. Blechert sold the 1,920 square-foot building on 0.3 acres at 725 E. Main St.
Pearce Real Estate represented Blechert in the sale. Zelman Real Estate Brokerage LLC was Krohn's broker.
Krohn in recent years has acquired and renovated several downtown New Britain commercial properties, including Jasko Plaza, 450 South Main St.; 87 West Main St.; and 93 West Main St.
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$750K Bloomfield acreage
A 17-acre Bloomfield property already approved for a new 65,000-square-foot medical office building is on the market listed at $750,000, brokers say.
Forty Acres Associates of West Hartford is selling the parcel at 54-80 Jolley Drive, in the shadow of Cigna's headquarters campus, Copaco Shopping Center, the Hartford Golf Club, and Wampanoag Country Club.
Reno Properties Inc. of Newington is listing broker.
Alternate development opportunities for the site include office, flex industrial, light manufacturing, and warehouse/distribution.
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E. Hfd. Prestige listing
Sentry Commercial has sales listings for a pair of East Hartford industrial parcels.
One is a clear, flat 7.98-acre corner lot at 30 Prestige Park Road, fronting on School Street. Asking price is $550,000.
The other, at 41 Prestige Park Circle, has 1.58 acres and full utilities in a railroad depot zone. Price is $150,000.
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.
