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Market

Up to 21,700 SF New to Waterbury CT Industrial Market

Sentry Commercial is pleased to present 21,700 SF of light industrial space at 237 East Aurora Street in Waterbury, CT. This space provides high visibility and a flexible layout for a variety of different uses, including manufacturing, warehousing, light distribution and much more. Additionally, this facility is conveniently located immediately off of route 8, less than 2 miles from I-84 E/W, and is a prime location for your business.

Click here: 237 East Aurora Street, Waterbury for more information.

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Land Sale in Bristol CT

Sentry Commercial is pleased to announce that Enflo, LLC has sold 319 Lake Avenue, Bristol CT to Alpinestar Express, LLC. The 3 acre industrial zoned parcel sold for $220,000.

Sentry Commercial represented the seller and Weichert Realtors represented the buyer in this transaction.

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NEMFI Leases Space in Windsor CT

Sentry Commercial is pleased to announce that New England Metal Finishing, Inc. has leased 10,476 SF of industrial space at 60 Ezra Silva Lane, Windsor CT. The 63,400 SF two-building industrial property on 14.47 acres is owned by Ezra Silva Lane, LLC.

Sentry Commercial represented the landlord and was the sole broker in this transaction.

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Precision Finishing renews in Windsor CT

Sentry Commercial is pleased to announce that Precision Finishing Services, Inc. has renewed its lease at 60 Ezra Silva Lane, Windsor CT, a 63,400 SF two-building industrial property owned by Ezra Silva Lane, LLC. The finishing service provider has occupied the 33,400 SF front building since 2002.

Sentry Commercial represented the landlord and was the sole broker in this transaction.

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14K SF Lease in Hartford CT

Sentry Commercial is pleased to announce that BellSimons Companies has leased 14,000 SF of industrial and office space at 75-91 Brainard Road, Hartford CT. The 58,599 SF industrial facility on 11.87 acres is owned by F9 Properties, LLC. BellSimons plans to use the facility for the storage of HVAC, refrigeration and plumbing supplies.

Sentry Commercial was the sole broker in this transaction.

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Land Sale in South Windsor CT

Sentry Commercial is pleased to announce that Mehdi Alhusseini has purchased 2.35 acres of GC zoned land at 797 John Fitch Boulevard, South Windsor CT.

Sentry Commercial represented the seller and was the sole broker in this transaction.

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5K SF Office/Retail Space Available in Manchester CT

Sentry Commercial is pleased to present 5,350 SF of professional office/retail space for lease at 867 Main Street, Manchester. The beautifully renovated historic landmark “green” building has been meticulously updated and maintained with an on-site super focused on responsive management and customer service as a top priority.

Click here: 867 Main Street, Manchester for more information.

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9K SF Available in New Britain CT

Sentry Commercial is pleased to present up to 9,237 SF for lease at 1340 East Street, New Britain CT. Available space includes 1,911 SF of showroom, 2,811 SF of high bay warehouse and 3,715 SF of mezzanine space with the possibility to combine the warehouse and mezzanine into one 6,526 SF private unit. An 800 SF outbuilding is also available to lease.

Click here: 1340 East Street, New Britain for more information.

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25K SF New to Waterbury CT Market

Sentry Commercial is pleased to present 25,000 SF of light industrial and office space at 225 East Aurora Street, Waterbury. This space provides high-visibility and a flexible layout for a variety of different uses including manufacturing, warehousing and light distribution.

Click here: 225 East Aurora Street, Waterbury for more information.

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18K SF New to South Windsor CT Market

Sentry Commercial is pleased to offer 18,259 SF for lease at 30 South Satellite Road, South Windsor CT. This space offers four dock doors, heavy power, 2,883 SF of office and is 100% air conditioned.

Click here: 30 South Satellite Road, South Windsor for more information.

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Valhalla Fitness Leases Space in Newington CT

Sentry Commercial is pleased to announce that Valhalla Fitness, LLC has leased 33 Alumni Road, Newington CT. The 4,900 SF flex building on 1.30 acres is owned by CTPAP, LLC.

Sentry Commercial represented the landlord and RLM Company represented the tenant in this transaction.

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AirSea Packing Group Expands to CT

According to the Hartford Business Journal, The AirSea Packing Group has purchased 29 Depaolo Drive, Southington CT for $3.3M. The global white-glove shipping and logistics company plans to redevelop the building into an 85,000 SF state-of-the-art facility.

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SIOR’s Q1 2021 Snapshot Sentiment Report Shows Optimism in CRE

The Society of Industrial and Office Realtors (SIOR) latest Snapshot Sentiment Survey (Q1 2021) showed a significant increase in optimism from Q4 2020. See below for highlights and the link to the full survey.

  • With vaccinations increasing and economies opening up, deals are progressing at a rate not seen since before the pandemic.
    • 74% of transactions are progressing on schedule, more than doubling since Q2 2020.
    • On-hold transactions have dropped to 17%
    • Only 9% of transactions were cancelled, the lowest number in nearly a year
  • Market confidence is highest since the start of the pandemic, rising to 7.3 (out of 10).
    • Industrial confidence is at 8.0, up from 6.9 in Q4 2020.
    • Office confidence rose to 5.9 in Q1 2021, up from 4.7 in Q4 2020.
  • Leasing activity has surpassed pre-pandemic levels, with 62% of SIORs reporting more leasing, compared to 29% last quarter.
    • 38% of office brokers reported higher activity in Q1 2021 compared to 6% in Q4 2020.
    • 74% of industrial specialists reported high activity, up from 40% in Q4 2020.
  • 53% of brokers reported higher asking rents, a 47% increase from the previous quarter.
  • Available vacancy still varies, with 60% of industrial brokers reporting low vacancy vs. 24% of office brokers.
  • Subleasing is most available in the office sector, with 75% of office specialists reporting more space, compared to only 14% for industrial.
  • Development conditions overall are improving, with 51% reporting more development. This was a 24% increase from the previous quarter.
    • 70% of industrial brokers reported increased development
    • Only 16% of office brokers, however, reported good development conditions.
  • 63% of SIORs note site acquisition prices increasing. 77% of industrial specialists indicate a seller’s market compared to only 35% of office brokers.
  • Industrial and office still vary greatly for tenant concessions, with only 8% of industrial brokers reporting a tenant’s market, compared to 80% of office specialists.

See Full Q1 2021 report: Snapshot Sentiment Report

 

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67K SF New to East Hartford CT Market

Sentry Commercial is pleased to present 95 Leggett Street, East Hartford CT for sale. This 66,759 SF industrial facility on 2.04 acres offers exceptional clear heights of 25′ to 30′, five tailgate dock doors and one drive up ramp.

Click here: 95 Leggett Street, East Hartford for more information.

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Fire Equipment Inc. Leases Space in Worcester MA

Sentry Commercial is pleased to announce Fire Equipment Inc. has leased office and industrial space at 30 Glennie Street in Worcester, MA. This beautiful multi-tenant facility, owned by 30 Glennie Street, LLC, will allow Fire Equipment Inc., a full-service life safety provider, the ability to increase their already significant presence is central Massachusetts.

Sentry Commercial represented the tenant in this transaction while A. Murray Real Estate, LLC represented the landlord.

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26K SF Industrial Sale in Vernon CT

Sentry Commercial is pleased to announce that St. Regis Falls Real Estate LLC has sold 166 Tunnel Road, Vernon CT to North Hartland Tool Corp, LLC.  The 26,250 SF industrial building on 3.55 acres sold for $800,000.

Sentry Commercial was the sole broker in this transaction

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National Sign Expands in Berlin CT

According to the Hartford Business Journal, National Sign Corporation is adding 24,000 SF to its current 30,000 SF facility at 780 Four Rod Road, Berlin. Fortunato Construction Group is handling the $1.5M expansion project which is expected to be completed by the end of 2021.

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UPS to Expand in Windsor CT

According to the Hartford Business Journal, UPS has signed a 156,000 SF lease at 110 Tradeport Road, Windsor. UPS plans to relocate from its existing 70,000 SF Stone Road, Windsor location once construction is complete on the planned 254,000 SF New England Tradeport facility.

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Schulz Electric Relocates to East Haven CT

According to ctpost, electric motor repair company Schulz Electric is relocating from 30 Gando Drive, New Haven to 110 Commerce Street, East Haven CT. The 41,000 SF industrial facility on 6 acres, owned by 110 Commerce Street, LLC, is currently undergoing renovations in preparation of the move.

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27K SF New to Suffield CT Industrial Market

Sentry Commercial is pleased to present 80 Bennett Road, Suffield CT for sale or lease. This 26,600 SF industrial facility on 1.99 acres offers 1 dock, 1 drive, 22′ – 24′ clear ceilings and is suitable for a variety of uses.

Click here: 80 Bennett Road, Suffield for more information.

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