A 213,096-square-foot Shelton manufacturing property has sold for $8.1 million, property records show. The property at 510 River Rd. is home to mattress maker Talalay Global, which filed for bankruptcy in 2019. The seller was CKB LLC, which is controlled by John Coffey, the son of Talalay founder Bill Coffey. The buyer was 510 River Road […]
A 213,096-square-foot Shelton manufacturing property has sold for $8.1 million, property records show.
The property at 510 River Rd. is home to mattress maker Talalay Global, which filed for bankruptcy in 2019.
The seller was CKB LLC, which is controlled by John Coffey, the son of Talalay founder Bill Coffey.
The buyer was 510 River Road LLC, which is controlled by Mark and Christopher Devli, who list a Wallington, New Jersey business address, state records show. They are the principals of the Devli Group, a real estate investment, development and management company with assets in industrial, retail, multifamily, office, mixed-use properties and hotels, according to their website.
As part of the deal the buyers took out a $6.1 million mortgage from California-based East West Bank, land records show.
The property has two separate buildings, according to city records. In addition to the main manufacturing property, there is also a 9,600-square-foot warehouse on-site.
The entire property sits on 14.36 acres, records show. The main building was built in 1957.
