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PCDATA Renews in East Granby CT

Sentry Commercial is pleased to announce that PCDATA, Inc. has renewed its 4,080 SF lease at 29 Kripes Road, East Granby CT. This 48,800 SF multi-tenant industrial facility on 8.34 acres is owned by 29 Kripes Road Associates, LLC.

PCDATA is a global leader in logistics automation systems for consumer goods and the industrial bakery world.

Sentry Commercial was the sole broker in this transaction.

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Land New to Waterbury CT Market

Sentry Commercial, on behalf of Albert Bros., Inc., is pleased to present 0.33 acres of trailer parking, vehicle parking, or outdoor storage for lease at 27 Judd Street, Waterbury CT.  Just a half mile to I-84 and Route 8, this Commercial Business zoned parcel is partially graded and ready to accommodate your exterior storage needs.

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Amazon Facility Sells – Industrial Capital Markets Alive & Well

Amazon Facility Sells – Industrial Capital Markets Alive & Well

The capital markets in the industrial sector have bounced back strong. Evidenced by the recent sale of the #Amazon sortation facility in Wallingford CT. Class A facility purchased by Boston MA investor, #Northbridge for $130 PSF!

Recent Hartford Business Journal Article:  Amazon-Anchored Wallingford Property Sells for $24.5M

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Investment Purchase in Manchester CT

According to the Hartford Business Journal, Davis Medical Investors LLC has purchased 360 Tolland Turnpike, Manchester CT from Tolland Turnpike Associates, LP. The 43,790 SF office building, known as the EastPoint Business Center, sold for $8.9M. The Minneapolis-based healthcare real estate investment firm hopes “…to acquire many more properties in the near future”.

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24 Restore NE Expands to Hamden CT

Sentry Commercial is pleased to announce that 24 Restore NE, LLC has leased 7,200 SF of industrial and office space at 9 Corporate Ridge Road, Hamden CT.  24 is New England’s largest locally-owned full service disaster restoration company, specializing in restoring commercial and residential properties to their pre-loss condition.

Sentry Commercial represented the tenant and Levy Miller Maretz, LLC represented the landlord, 9 Corporate Ridge Hamden, Limited Partnership, in this transaction.

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South Windsor CT Investment Portfolio Sells for $39.5M

According to the Hartford Business Journal, a portfolio of five South Windsor CT properties has been sold to AR Global Investments, a New York realty investor, for $39.5M. The properties include 125 Ellington Road (pictured above), 151 & 161 Ellington Road and 250 & 306 Burnham Street. The seller, WIM CORE PORTFOLIO OWNER, LLC, purchased the portfolio in 2017 for $36.4M.

 

 

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Parkside Utility Construction Expands to Cromwell CT

Sentry Commercial is pleased to announce Parkside Utility Construction, LLC has leased 13,800 SF of industrial and office space at 50 Sebethe Drive in Cromwell, CT. Parkside Utility Construction, LLC provides full service infrastructure construction, specializing in the design, installation, and maintenance of aerial and underground telecommunication systems throughout the northeastern United States. This 28,724 SF high-bay industrial building is owned by 50 Sebethe Drive, LLC.

Sentry Commercial was the sole broker in this transaction.

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Congress will extend eviction moratorium, fund emergency rent assistance with new stimulus deal


Click here to read the full story from MarketWatch

 

PHOTO CREDIT A banner against renters eviction reading no job, no rent is displayed on a controlled rent in Washington, D.C. in August. Lawmakers are expected to approve $25 billion in rent assistance as part of a broader stimulus package.  ERIC BARADAT/AFP VIA GETTY IMAGES
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31K SF Industrial Sale in Southington CT

Sentry Commercial is pleased to announce that The Connecticut Spring and Stamping Corporation has purchased 85 Robert Porter Road, Southington CT from Bootstrap Real Estate I, LLC for $1,650,000. The international manufacturer of precision springs and metal shaped solutions purchased the 30,900 SF industrial facility on 2.54 acres to expand its business operations.

Sentry Commercial represented the buyer and Cushman & Wakefield represented the seller in this transaction.

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Amazon signs 177K SF Lease in Worcester MA

According to MassLive, Amazon Logistics has leased 125 Goddard Memorial Drive, Worcester MA. Amazon plans to use the 177,000 SF warehouse facility as a food delivery station.  Earlier this month, Amazon also revealed its plans for a 121,000 SF distribution center on the site of the soon to be demolished Greendale Mall in Worcester MA.

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24K SF Retail Sale in West Hartford CT

According to the Hartford Business Journal, MSG WEHA ATM LLC (The Grossman Companies, Inc.) has purchased 1010 Farmington Avenue, West Hartford CT from S-BNK West Hartford LLC (Net Lease Capital Advisors). The 23,892 SF retail facility on 1.3 acres sold for $7.8M.

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Amazon Eyes Greendale Mall Site in Worcester MA

According to MassLive, the Greendale Mall in Worcester MA will be demolished and the owner, Finard Properties, will construct a new 121,212 SF distribution center on the site. At present, Amazon is the proposed tenant but a lease has yet to be signed. Amazon first announced its interest at a recent Worcester planning and zoning meeting and discussions are scheduled to continue December 30th.

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Hartford Courant to Close CT HQ

The Hartford Courant will shut down its offices at 285 Broad Street, Hartford as of December 27th due to pandemic and economic concerns. The newspaper will stay in business with some employees working remotely while 151 printing plant employees will be laid off as the Courant will outsource its printing to the Springfield Republican in MA. The status of the 193,568 SF office facility is unknown at this time.

Source: Hartford Business Journal

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15 Acre Sale in Bloomfield CT

Sentry Commercial is pleased to announce the sale of 151 Phoenix Crossing, Bloomfield CT. This 14.93 acre parcel of industrial zoned land was sold by River Bend Development CT, LLC to DMW Bloomfield, LLC for $300,000.

Sentry Commercial represented the buyer in this transaction.

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30K SF Industrial Sale in Suffield CT

Sentry Commercial is pleased to announce that Exclusion Solutions, LLC has purchased 1160 South Street, Suffield CT from 1160 South Street, LLC for $1,117,000. Exclusion Solutions purchased the 29,920 SF industrial facility on 2 acres to expand its business operations.

Sentry Commercial was the sole broker in this transaction.

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5.3 Acres New to South Windsor CT Market

Sentry Commercial is pleased to present 283 & 289 Ellington Road, South Windsor CT for sale. This 5.3 acre parcel offers 128′ of frontage on Ellington Road and is zoned CD (I-291 Corridor Development) making it suitable for a variety of uses.

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500K SF Distribution Center Approved in Enfield CT

According to The Patch, the Enfield Planning and Zoning Commission has approved the construction of a 500,000 SF distribution center on the 71-acre parcel on the corner of North Maple Street and Moody Road in Enfield CT. Just over half of the new facility will house Agri-Mark with the remainder of the space being leased to an as yet unnamed tenant.

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Simoniz Expands in Rocky Hill CT

Sentry Commercial is pleased to announce the sale of 299 Dividend Road, Rocky Hill CT. The 32,600 SF industrial building sold to Simoniz USA, Inc. for $1,600,000. Simoniz intends to use the facility to expand its manufacturing capabilities.

Sentry Commercial was the sole broker in this transaction.

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5K SF New to Newington CT Market

Sentry Commercial, on behalf of CTPAP LLC, is pleased to present 33 Alumni Road, Newington CT for lease. This high-image 4,900 SF industrial/flex facility on 1.3 acres features 1,700 SF of air conditioned office/showroom space and two drive-in doors.

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Cronin Renews in Glastonbury CT

Glastonbury-based digital marketing firm Cronin and its visual content production company, Off Leash Studios, which were recently acquired by Southport, CT marketing agency Horizon Group of North America, has renewed its lease at 50 Nye Road, Glastonbury CT. Cronin has experience working with national and regional brands such as Amica Mutual Insurance, Harvard Pilgrim Healthcare, Henkel, Silver Hill Hospital and Neopost USA.

Sentry Commercial represented Cronin and CBRE represented the building owner, Nye Road Partners, LLC, in this transaction.

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