Boston & New England + New England + Industrial | May 1, 2020

JLL Closes Sale of West Hartford Industrial

JLL Capital Markets has closed the $11.2-million sale of a 111,507-square-foot, fully leased light industrial warehouse in West Hartford, CT. The firm marketed the property on behalf of LM Real Estate Partners. A private investor purchased the asset.

The JLL industrial capital markets team representing the seller was led by directors Jordan Avanzato and Marc Duval, senior managing director Jose Cruz and associate Nicholas Stefans, along with vice chairman Rob Kossar and EVP James Panczykowski.

“We continue to see demand for well-positioned light industrial warehouses with a focus on transportation/logistics services,” said Avanzato. “Going forward, we see a strong tailwind behind e-commerce as demand has increased, which will further fuel the industrial sector.

“This specific offering provided a unique blend of stability and rent growth potential with a strong and diverse tenant roster featuring a mix of both local and national corporations,” he added.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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