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Meridian Capital Group has completed the $37.6-million sale of a 614,610-square-foot industrial property on 77 acres in Newington, CT.

Industrial Asset in Newington Swaps Ownership for $38M

Meridian Capital Group has closed on the $37.6-million sale of 353 Alumni Road, a 614,610-square-foot industrial property situated on 77 acres of land in Newington, CT.

Meridian’s Abie Kassin, Lipa Lieberman, and David Schechtman procured the buyer, while Morris Betesh, and Ikey Betesh (also with Meridian) represented the seller.

The nearly 615,000 square foot, fully stabilized property features a short-term lease with below-market rents and has significant value-add potential.

In 2021, Meridian closed more than $55 billion in financing across more than 280 unique lenders.


Inside The Story

Meridian Capital Group

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition