A 1 million-square-foot distribution center in Windsor hosting an Amazon fulfillment center recently sold to Massachusetts-based real estate investor and developer Winstanley Enterprises for $122.3 million.
The deal is likely to be one of Connecticut’s highest-priced commercial real estate transactions of 2023.
The warehouse at 200 Old Iron Ore Road was completed in 2014 and sits on 89.5 acres, according to town assessing records.
German Investor Deka Immobilien paid $106.5 million for the property in 2016. Immobilien sold it to a Winstanley-affiliated limited liability company in a deed recorded Aug. 9.
The deal came days after Winstanley sold another Windsor property for $43.5 million.
Winstanley sold a 93.78-acre property in its Great Pond Village master development campus to Kansas City-based NorthPoint Development in a sale logged Aug. 4. Winstanley agreed to a 75-year lease of that property, with an option to purchase, to NorthPoint in 2022.
NorthPoint is building a 530,000-square-foot building on that property, which will be used as a refrigerated warehouse by Target.
Windsor Economic Development Director Patrick McMahon said the investments in Windsor are a great sign of the town’s appeal, and Winstanley’s faith in the area.Â
“We are thrilled that folks are making major investments in the community,” McMahon said.Â
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