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NorthPoint Acquires Fully Leased Hartford County Industrial
JLL Capital Markets arranged the $25.3-million sale of 105 Baker Hollow Rd., a Class A,165,625-square-foot warehouse facility located in Windsor, CT. Managing director Michael Restivo and directors David Coffman and Tommy Hovey represented the seller, a development joint venture between Condyne Capital Partners and an account managed by UBS Realty Investors LLC. NorthPoint Development acquired the property.
“105 Baker Hollow presented a unique opportunity to acquire a stabilized asset in a high-demand location,” said Restivo. “Hartford County’s industrial market is experiencing unprecedented tenant demand, coupled with challenging entitlement processes and a lack of speculative construction, leading to the tightest market in recent history.”
Completed in 2022, the property features a 32-foot clear height, 38 loading docks, one drive-in door, 58 trailer parking spaces and 117 car parking spaces. It’s fully leased to Safelite, the largest auto glass specialist in the U.S. JLL managing director Shawn McMahon provided local leasing and sales support.
- ◦Sale/Acquisition
