A 114,860-square-foot industrial building in Plainville that has long housed Walker Crane & Rigging Corp. sold for $11.2 million in a deal recorded by the town March 14.
Royal Realty LLC sold the building and associated 11.1-acre property at 50 Farmington Valley Drive to Fifty F V D Industrial LTD, of Texas.
Royal Realty’s principal is Edward James Roy, of New Hartford. He is also president of Walker Crane & Rigging Corp. According to its website, the company dates to 1883 and currently employs 40 full-time staff, providing crane service, rigging, machinery moving, warehousing and heavy hauling throughout the U.S., Canada and Mexico.
The buying company formed Feb. 24, according to state business records and traces back through two limited liability companies to BWC Willhurst LLC, whose principal is Joel Collier of Bryan, Texas.
Attempts to reach Roy and Collier were not immediately successful.
Plainville Town Planner Mark DeVoe said Roy informed him he was selling the business with plans to retire. The business would sell to one buyer, the property another. DeVoe said Roy told him the new owner of Walker Crane would lease the property and continue operations. Roy planned to continue with the company for “some time” to ensure a smooth transition, DeVoe said.
“The business will remain unchanged, and the clients will remain the same,” DeVoe said.
