The Urban Strategy America Fund, a New Boston real estate investment fund, has purchased a 389,876-square-foot, seven-building industrial portfolio from BKM Enterprises in East Hartford.
BKM will lease back six of the buildings representing 92 percent of the space for a lease term of 10 years. The portfolio has been assembled by BKM Enterprises over the past 25 years.
The seven buildings in the portfolio are concentrated in three locations. The buildings located in Founders Plaza include 300 E. River Dr., a high-end, single-story office/flex building, and 60 Meadow Road, both of which are contemporary manufacturing buildings.
A second location, 71 George St., is located in an industrial area and also is a contemporary manufacturing building. 33 and 47 Leggett Road, two warehouse/distribution high bay buildings, and 59/69 Leggett Road and 22 Rumsey Road, two shallow-bay flex buildings, are also located in an established industrial area with abutting properties of similar use, type and vintage.
