Meriden Lands Waterbury Manufacturer

Meriden recently used a low-interest loan and other incentives to entice a Waterbury wire maker to move its headquarters.

Accel International Holdings Inc., which manufactures high-performance wire, paid $3.6 million for a 150,000-square-foot building at 508 North Colony St., according to the Meriden Economic Development Office.

Thomaston Savings Bank and the city’s manufacturing assistance program financed the building purchase and improvements with a loan of up to $500,000 tied to the city’s bond rate of 4.7 percent, said Peggy Brennan, the city’s economic development director.

Accel also received a $15,000 grant to help cover moving expenses coupled with enterprise zone tax breaks, Brennan said.

Ragozzino Foods Inc. also received a $500,000 city loan to complete a 17,000-square-foot addition to its pasta and sauce plant on Chamberlain Highway, Brennan said. Castle Bank & Trust was involved in the financing.

The expansion added freezer and office space to its existing 26,000-square-foot production plant, where it intends to consolidate all of its Connecticut operations.

The Exchange Nabs 3

Three leases totaling 11,766 square feet have been signed at The Exchange office-retail building in Farmington.

The Child Health and Development Institute of Connecticut Inc., a subsidiary of the Children’s Fund of Connecticut Inc., renewed its 4,120-square-foot lease in the three-story building at 270 Farmington Ave., across from the University of Connecticut Health Center.

Key Human Services, a subsidiary corporation of Keystone Human Services, also renewed its 6,685-square-foot lease.

Maximize Your Impact, doing business as Fred Astaire Dance Studios of New England, signed on as a new tenant, leasing 961 square feet.

Terms for all three leases were not disclosed.

Christopher Ostop and Gary Schless, brokers with Jones Lang LaSalle, represented The Exchange’s owner, New Boston Fund Inc., in the deals.

The Child Health and Development Institute was represented by Mike Puzzo of CB Richard Ellis. Key Human Services was represented by Jeff Sikes of O,R&L Commercial. Maximize Your Impact was not represented.

Outpatient Clinic Moves

Grove Hill Medical Center has relocated an outpatient office into 10,141 square feet of a medical office building at 375 Willard Ave. in Newington.

The office is one of Grove Hill’s nine central Connecticut locations.

Landlord Marc C. Abrahms was represented by Gary Schless of Jones Lang LaSalle. Larry Levere of Sentry Commercial Real Estate represented the tenant.

Industrial Available

A 97,700-square-foot building is for sale or lease in South Windsor.

David P. Murdock of Sentry Commercial Real Estate has the exclusive listing.

Got real estate news? Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.

Greg Seay is the Hartford Business Journal Web Editor.