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Shelton industrial property fetches $3M

An industrial property which was formerly home to Electri-Cable Assemblies at 10 Mountain View Dr. in Shelton sold recently for $3.05 million.

Shelton Winair, which is presently located on River Road in Shelton, bought the property. It is a division of Winsupply, a national wholesaler and distributor of heating and air conditioning products.

Bruce Wettenstein, partner with the Westport-based commercial real estate agency Vidal/Wettenstein, was the listing broker and represented the purchaser in the transaction. 

The 31,298-square-foot, one-story building, built in 1998, sits on 5.16 acres. The city of Shelton has appraised the property at $3.36 million. It had last sold in 2010 for $2.6 million, city records show.

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According to an announcement from Vidal/Wettenstein, Dekko purchased Electri-Cable Assemblies in 2016. Dekko, a wholly-owned subsidiary of Graham Holdings Company, manufactures power charging and data systems, lighting and electrical products. The company relocated from Shelton to Indiana.

Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.

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