A newer 165,625-square-foot logistics building in Windsor hosting a Safelite Auto Group logistics operation has sold for $25.1 million.
Condyne Capital Partners completed the logistics building on 15.8 acres at 105 Baker Hollow Road in late 2022. The prolific Massachusetts industrial developer sold the property, on Thursday, to a limited liability company tied to Northpoint Development, of Kansas City, confirmed Shawn McMahon, managing director with Jones Lang LaSalle.
McMahon and Michael Restivo, another managing director with JLL, marketed the property and secured the buyer.
“I think it’s a great comp for the market and sort of proves the greater Hartford industrial market is really healthy and has great demand from an investor and developer standpoint,” McMahon said Friday.
Safelite signed a long-term lease in late 2022, as the building was nearing completion. The presence of a “great credit” tenant that is diligent in its care of the building made the property all the more attractive, McMahon said.
The building went on the market in late February and the buyer was selected within 45 days, McMahon said.
