Condyne Capital Partners paid $1.65 million for a 15.8-acre site in Windsor in December, with plans for a logistics center.
The Braintree, Mass.-based development firm had previously announced plans for a 165,625-square-foot, high-bay, industrial building at 105 Baker Hollow Road.
Windsor-based O.J. Thrall Inc. sold the property to 105 Baker Hollow Road Investors LLC in a deal recorded Dec. 13. That limited liability company shares a Braintree, Mass. address with Condyne.
Condyne, in an earlier announcement, touted the “Baker Hollow Logistics Center’s” location, saying it’s in a strong regional labor market with proximity to Massachusetts and Rhode Island, providing tenants access to dense population centers, as well as proximity to Bradley International Airport and Worcester Regional Airport.
Windsor’s planning office reports the company has all necessary board approvals for its plans.
Condyne acquires, develops and invests in modern, multitenant, industrial properties. The company and affiliated entities have acquired and developed more than 20 million square feet of building and invested more than $650 million, according to Condyne.