Berlin’s LK Precision recently paid $420,000 for a vacant 8,865-square-foot industrial building in New Britain to house its expanding machine-shop operations, brokers say.
LK is vacating its current 500 Four Rod Road location to occupy its new home on 0.35 acres at 20 Hudson Place. The sale also included an additional 0.25 acres across the street at 15 Hudson Place.
O,R&L Commercial represented buyer and seller, Andrzej Murzynski.
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Reno Properties listings
Newington broker Reno Properties Inc. has a pair of commercial-property listings — one for sale, the other for lease — in the Greater Hartford region.
In Bloomfield, priced at $750,000 is a 17-acre site with pre-existing zoning approval to build a 65,000-square-foot medical-office development at 54-80 Jolley Drive. A host of existing medical practices populate Jolley Drive, Reno Properties said.
Alternative development for the site includes offices, flex industrial, light manufacturing, and warehouse/distribution.
The site also is close to health insurer Cigna’s headquarters campus and the Copaco Shopping Center, both off Cottage Grove Road, which Reno says sees more than 26,000 cars daily pass through its Jolley Drive intersection.
In Wallingford, a 34.6-acre, 389,000-square-foot industrial facility in the Wallingford Business Park, 718 N. Colony Road, is for lease, Reno said.
The steel-and-masonry, fully sprinklered structure features include 153,000 square feet of high-bay space, priced at $4 to $5 a foot; 80,000 square feet of space with 12- to 14-foot ceiling clearance at $2 a foot; and 6,000 square feet of office space at $6 a foot. It has parking for 1,000 vehicles.
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Blue Wave’s S. Windsor home
Vernon’s Blue Wave Printing & Display Inc. recently paid $687,500 for a 13,000-square-foot South Windsor industrial building to serve as a new home for the trade-show signage/display maker.
Blue Wave owners Elaine and Scott Hagelin bought the building at 359 Governors Highway from Elisha Realty, according to the buyers’ broker, Sentry Commercial.
According to Blue Wave’s homepage, it was scheduled to relocate Feb. 1 to its new quarters from its old address at 29 Naek Road in Vernon.
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Sinclair’s Wallingford space
Sinclair Insurance Group signed a six-year lease on about 10,985 square feet of office space in Wallingford.
CBRE-New England represented Sinclair and landlord Equity Commonwealth in the lease at 35 Thorpe Ave.
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Newington fitness lease
BP Fitness Coaching LLC leased 8,000 square feet at 37 Ann St. in Newington.
Colliers International represented landlord 37 Ann St. LLC in the lease.
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Genesis in Windsor
Genesis Eldercare leased 4,565 square feet at 360 Bloomfield Ave. in Windsor from landlord Siebar LLC.
Colliers International brokered the lease.
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The Grand’s debut
The recent spate of snowy weather is playing havoc with efforts to lease up downtown Hartford’s first office-to-apartments conversion, The Grand.
Landlord Yisroel Rabinowitz says only four tenants have occupied the 26-unit building at 201 Ann St., while a fifth has signed but has yet to take up residency. Two to three more lease signings were expected last week, he said.
To get on track, The Grand’s New York owner plans a grand opening sometime in late February. Local and state economic-development officials and the public will be invited to tour its unleased units, Rabinowitz said.
Greg Seay is the Hartford Business Journal News Editor.
