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27 HARTFORDBUSINESS.COM | June 6, 2022 FOCUS: INDUSTRIAL REAL ESTATE Purchase a group subscription for your team or entire organization. Get access to HBJ for your entire team! EMAIL>> CIRCULATION@HARTFORDBUSINESS.COM Windsor building, especially given recent news reports the company is considering shedding some of its commitments. Bloomberg, citing unnamed sourc- es, has reported Amazon is seeking to sublet at least 10 million square feet of warehouse space. "There was an Amazon sign on that building," Duclos said of the Scannell property at 240 Ellington Road in South WIndsor. "I can tell you that sign is no longer on that building. It's all rumor but I cannot imagine that is not one of those facilities they are going to be looking at." Duclos said the logistics market remains strong overall, at least for the moment. There is a sense that changes might be afoot, with Amazon announcing plans to slow its growth and online pet products retailer Chewy recently pulling out of plans to inhabit a 750,000-square-foot logis- tics center in Windsor. On the other hand, Missouri-based NorthPoint Development is still mov- ing forward with construction of the planned Windsor building, purely on speculation, Duclos noted. North- Point is a very sophisticated compa- ny demonstrating a lot of confidence in the market, Duclos said. "Substantially, if you talk to devel- opers out there and people building big boxes, they are not seeing a slowdown," Duclos said. Adam Winstanley — principal of Win- stanley Enterprises, a major builder of distribution centers in Connecticut — doesn't expect Amazon to with- draw from any of the projects it has announced in the state. The online retailer is simply likely to reduce the pace of its future expansion, he said. "They are not as active as they were, but they are still the largest leaser of industrial space in the U.S.," Winstanley said. "I don't think that's going to change anytime soon. I just don't think they will be growing at the same clip." Winstanley said he has three leases with Amazon in Connecticut, one more in Albany, New York, and is working to close a fifth outside of Connecticut. "I still see them making targeted in- vestments in areas that are important to them," Winstanley said. The graphic above shows distribution centers that now exist in north-central Connecticut. The graphic was provided courtesy of East Hartford-based Goman + York Property Advisors. For more information contact Mike Goman, mgoman@gomanyork.com. Goman + York Property Advisors Adam Winstanley