New England commercial landlord-developer Winstanley Enterprises has purchased two more northern Connecticut properties, an $11.4 million investment this time.
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New England commercial landlord-developer Winstanley Enterprises has purchased two more northern Connecticut properties, an $11.4 million investment this time.
The closely held Concord, Mass., real estate company said it recently acquired for $2.9 million approximately 56 undeveloped Enfield acres from Jarmoc Farms LLC. Winstanley also paid $8.5 million for 100 Helmsford Way in Windsor, a 170,076-square-foot warehouse building from building-products giant Georgia-Pacific, principal Adam Winstanley said.
The Windsor property, Winstanley said, was previously leased to Veritiv Corp., which relocated to another Winstanley property, the former Hallmark Greeting Cards distribution facility at 25 Bacon Road in Enfield, as part of a regional consolidation.
“We plan on making some upgrades to the property and placing it back on the market for lease,'' Adam Winstanley said via email. “It will likely be leased to a regional or national company looking to do manufacturing or distribution with a unique location on Day Hill Road.''
As for the Enfield acreage, the landlord-developer intends to draw a manufacturing or distribution user to the spacious site easily accessible to Route 220 and I-91, Winstanley said.
Both purchases, he said, “are tied to our larger purchase in January where we are focusing on building a leading warehousing and logistics company in New England.''
On Jan. 18, Winstanley Enterprises announced its $124 million purchase of a pool of 10 warehouse-distribution properties primarily in northern Connecticut and southern Massachusetts, including toy-block maker Lego's U.S. headquarters building at 300 Shaker Road, from Los Angeles realty investor Hackman Capital Properties LLC.
10,000 sq. ft. W. Hartford space
A 10,000-square-foot West Hartford industrial-warehouse building is available for lease, say brokers.
The property at 162 Reed Ave., off New Park and New Britain avenues, has 1,200 square feet of air-conditioned office space, 16-foot to 20-foot ceiling heights, three docks and two drive-in doors, said listing broker Reno Properties Group LLC.
Rent is $6.75 per square foot triple net.
$5.2M Windsor office sale
Windsor's 100 Corporate Drive office building sold recently for $5.2 million, brokers say.
Boston's Bradstreet & Chandler LLC bought the approximately 69,000-square-foot Class A building from an affiliate of Ryan Companies US Inc. of Minneapolis, Minn., according to exclusive broker CBRE-New England.
CBRE-NE has been retained to lease and manage the fully leased property located just off Exit 38 on I-91, in the Day Hill corporate area.
Built in 1984, the building recently underwent extensive renovations. Other tenants joining lead tenant ADP in the building include Sedgwick Claims Management, UL, Health Management Services, Oxford Global and LGCY Power.
$375K E. Hartford industrial
A 10,500-square-foot East Hartford industrial building is for sale at $375,000, brokers say.
The single-story building on 0.63 acres at 87 Thomas St. was built in 1962, according to listing broker Sentry Commercial.
It also offers 1,850 square feet of office space, heavy power, two docks and ground level access.
Deal Watch wants to hear from you. E-mail deals along with contact information to: gseay@HartfordBusiness.com.
Gregory Seay is the Hartford Business Journal News Editor.
