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Boston & New England  + New England  + Industrial  |  June 17, 2021
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By: David Cohen

Newmark Brokers Sale of 18-Property Industrial Portfolio in Connecticut

Newmark has arranged the sale of a 566,000-square-foot industrial portfolio consisting of 18 buildings within the Hartford, CONN. metro area. The sales price was not disclosed.

The Bloomfield Logistics Portfolio is 100% leased and provides diverse building sizes and features within an industrial growth market for the region. The portfolio is situated in the strategic Connecticut distribution areas of Bloomfield and Windsor, located minutes from I-91 and I-291. The assets are near Bradley International Airport, providing regional accessibility and proximity to downtown Hartford.

Kevin Welsh, Brian Schulz, Jason Emrani, Maria Betancourt and Art Ross of Newmark brokered the transaction. The buyer was a joint venture between Vision Real Estate Partners and a fund managed by Rialto Capital Management. The seller was Sponzo Properties.

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Newmark’s Welsh

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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