Farmington-based elevator and escalator maker Otis Worldwide recently put up for sale a 188,430-square-foot Bloomfield industrial/office building that houses its customer service center supporting the U.S. and Canada, with the intent to lease it back for a period of time. The site, at 212 West Newberry Road, also houses light manufacturing that supports Otis’ service, […]
Farmington-based elevator and escalator maker Otis Worldwide recently put up for sale a 188,430-square-foot Bloomfield industrial/office building that houses its customer service center supporting the U.S. and Canada, with the intent to lease it back for a period of time.
The site, at 212 West Newberry Road, also houses light manufacturing that supports Otis’ service, repair and modernization businesses.
It’s been listed by Colliers with an undisclosed asking price. Marketing materials describe the property as “an exceptional investment opportunity.”
“The goal of this effort is to ensure our facilities in Connecticut are modern, fit for purpose with technology to support our team’s productivity, and designed to meet our current and future needs,” said Ed Jacovino, an Otis spokesman.
He said Otis is still evaluating its options for how to relocate the Bloomfield facility’s operations after any leaseback period ends. Most of the elevators that Otis installs in North America are manufactured at a plant in Florence, South Carolina.
According to the listing, the Bloomfield property was built in 1986, sits on 18.53 acres and contains a mix of predominantly warehouse and manufacturing space as well as 50,000 square feet of Class A office space that was renovated in 2019.
Jay Wamester and Sean Kumnick, of Colliers, have the listing.
