Issue link: https://nebusinessmedia.uberflip.com/i/1463910
13 HARTFORDBUSINESS.COM | April 11, 2022 of the city," Stillman said. "So, it's our job to get this into a really modern, usable, occupied, job-producing environment." Because of past use as a steel manufacturing facility, there is significant electrical and gas capacity at the site, Stillman said, which he called a unique perk. "They need upgrades, but they have really great infrastructure," Stillman said. "When the first of the buildings was built, the forklift hadn't even been invented yet." Stillman said the focus over the next several months is to install new floors and roofs, repaint and make other facade improvements. "The floor leveling is important because user demands on industrial warehouse and distribution buildings have changed over the years as you get into the need for more level floors associated with higher stacking and the use of forklifts," Stillman said. There are also rail spurs going in and out of the property, some of which have been paved over and will need remediation. Stillman said they'll market the property to rail users like those specializing in heavy construction manufacturing or production. With large ceilings and big open spaces, the property has numerous manufacturing uses, he said. "The [rail service] makes the property available for heavy industry and takes trucks off the road, an environmentally good thing to do," Stillman said. Stillman said his company is investing "several million dollars" in renovations on a rolling basis over the next few years, and initial work, like roof repairs, is already underway. "When we're done, what we're going to have here is a massively upgraded and modernized facility," Stillman said. "We want to return it to the real estate inventory so it can be fully utilized again and provide jobs for the local people." CT potential Stillman said he sees other opportunities in Connecticut. Last year his firm purchased a 150,000-square-foot Newington industrial building at 1170 Main St., that it's also modernizing to prepare for a new tenant. "Connecticut does have some really excellent assets that haven't been maintained over time, so it really is a perfect match of our ability, our specialties and what's available from a real estate environment," Stillman said. Stengel shared a similar sentiment about the state, adding that Bristol's Northeast location near major cities made Combined Metals want to buy the site. Sean Kumnick, a broker at Colliers International, said his firm was hired by Theis Precision to market 300 Broad St. for sale after the company idled the facility in 2019. Kumnick said Colliers, which has been retained to lease the property, had more than 40 showings over the last few years before Stillman Development purchased it. Kumnick said available industrial space has been shrinking in the Hartford area as more properties get bought up. And there just aren't many, if any, industrial-use sites available that have both rail service and large warehousing space, he said. "Bristol has [an industrial] vacancy rate of 1.9% … and we have seen increased user demand for space in that part of the state," Kumnick said. "Once repositioned this space will quickly be leased due to its central location in Connecticut and midway point between New York City and Boston." Malley said the city would like to see tenants that add significant local jobs. "We're as open-minded as the property owner and we're going to support any tenant that makes sense for them and the city of Bristol," Malley said. The 150-foot-high Theis tower has been purchased by Chicago-based Combined Metals, which is expanding its steel-making operations at the site. PHOTO | COSTAR Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Hartford, CT Since 1942, our goal simple: To provide our complete design, planning construction services industrial and retail on years of experience, competitive and offer When the strictest attention is critical to your success, always count on Borghesi From concept to occupancy, is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work …