Hartford Business Journal

November 16, 2020

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4 Hartford Business Journal • November 16, 2020 • www.HartfordBusiness.com SUBSCRIPTIONS Annual subscriptions are $96.00. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@cambeywest.com, or call (845) 267-3008. ADVERTISING For advertising information, please call (860) 236-9998.Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart ford CT 06103. STAY CONNECTED For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln: www.linkedin.com/company/the-Hartford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Tel: (860) 236-9998 Fax (860) 570-2493 Copyright 2020. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. 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Business friendly Scannell Properties has built at least 10 distribution centers in Connecticut in recent years, but has found South Windsor particu- larly attractive because of its availability of open land, quick and easy access to I-91 and I-84, and pro-business environment, said Dan- iel Madrigal, senior development manager of the Indianapolis-based company. "As far as development goes in Connecticut there is a lot of red tape," he said. "The key to our success is developing strong relationships with state and local officials and we've done that in South Windsor." In addition to the Home Depot property at 360 Ellington Road, Scannell is building another 182,000-square-foot distribution and storage facility at nearby 240 Ellington Road. That property was being built on spec — meaning no tenant was lined up before construction started — but Scannell recently found a Fortune 500 company to occupy the entire space, Madrigal said. He declined to name the tenant. Late last year, Coca-Cola Beverages Northeast debuted its new $49-million, 200,000-square-foot Scannell-built warehouse and distribution facility at 359 Ellington Road. The property — home to 300 employees — has automated machines that help pick, sort and organize orders for delivery to more than 6,500 customers, according to Coca-Cola Bev- erages Northeast spokesman Nicholas Martin. Scannell also built the 292,000-square-foot au- to-parts warehouse at 135 Sullivan Ave., for Mobis Parts of America, and 168,000-square-foot facility at 175 Sullivan Ave., which is currently occupied by Avistar, a division of Virginia-based national foods distributor Performance Food Group. Early this year, Connecticut's largest commer- cial landlord, Winstanley Enterprises, bought both of those properties for roughly $44 million. Madrigal said Scannell is bullish about Connecti- cut and New England in general and is scouring the state for new poten- tial projects. South Windsor Town Manager Michael Manis- calco said the only thing stopping South Windsor from potentially adding more distribution centers is lack of space. With the aggressive new construction in recent years, South Windsor is running out of open land. One of the strategies the town has used to woo new development is using tax abate- ments. In fact, it's given out three in the last year, including one to Scannell's Home Depot project, which received a seven-year property tax break worth roughly $2.7 million. "We pride ourselves on being as business friendly as possible," Maniscalco said. >> Town Profile continued Inside Coca-Cola Beverages Northeast's South Windsor sales center on Ellington Road. South Windsor General Land area (sq. miles) 28 Median age 44 Population 24,871 Median household income $105,986 Unemployment rate 6% Major Employers The Town of South Windsor TicketNetwork Doosan Fuel Cell America DST Output The May Company Housing stock Median price $281,100 Median rent $1,128 Government Total revenue (2017) $124,894,170 Per capita tax $3,682 Actual mill rate 37.88 Grand List $3,030,171,648 Economy Top employment industries Units Employment Manufacturing 88 2,996 Retail trade 116 1,496 Wholesale trade 108 1,260 Top taxpayers (2019) Eversource $109,389,530 Shoppes at Evergreen Walk $31,928,600 Aldi Inc. $29,592,164 Source: AdvanceCT Michael Maniscalco, Town Manager, South Windsor PHOTO | CONTRIBUTED

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