Hartford Business Journal

6 HARTFORDBUSINESS.COM | NOVEMBER 7, 2022 Deal Watch: Buyers & Sellers TOTAL PROJECT SIZE: 25,000 SF Building For Your Success ABLE COIL BOLTON, CT For over 55 years, metal buildings have been a staple of PDS. For this project, we were tasked by Able Coil to build a new state of the art pre-engineered metal office building and renovate their existing 20,000 square foot building into a new manufacturing facility in Bolton CT. Complete with multiple new offices and several specialty rooms, the exterior finish is a multifaceted design complete with Nichiha Vintage Cement siding and ACM paneling, full length store front windows and stone veneer. Structural upgrades to the existing building were necessary to bring it up to code and to support the new solar panel system. With in-house engineering, PDS can design the right building to fit your budget and timeline. SPOTLIGHT ON: PRE-ENGINEERED METAL BUILDINGS 107 Old Windsor Road, Bloomfield, CT 06002 | 860.242.8586 | pdsec.com THINK • PLAN • BUILD Big Y market planned for Middletown A local real estate investment group is planning to build a new Big Y World Class Market in Middletown. The application from Stone Point Properties LLC for a 51,890-square-foot Big Y grocery store at 850 South Main St., has been approved by the Planning and Zoning Commission. Michael Stone of Stone Point said his group is looking to demolish a 42,100-square-foot indus- trial building and a 1,900-square-foot house at 502-550 Highland Ave. The new store will have loading docks, 268 parking spaces and electric vehicle charging stations. The industrial building currently on-site was used as a fleet vehicle storage and maintenance facility for Frontier Communications and the for- mer Southern New England Telephone Co. SNET sold the 7.3 acre-property to South Main Investors LLC, affiliates of Stone Point Proper- ties, for $1.1 million in a January 2021 deal. SUFFIELD Suffield-based family medical practitioner Dr. William Garrity paid $1.4 million in early Septem- ber for a new 4,612-square-foot medical building adjacent to the one in which he currently leases an office. The plan, Garrity said, is to band together with doctors from various specialties to offer old-fash- ioned care delivered directly by doctors, rather than subordinates. "They'll be seeing physicians, not just a nurse," Garrity said. "They'll not walk out without seeing the medical doctor." The new office at 200 Mountain Road has a working title of "Board Certified Md's." Garrity said he plans it as a departure from the industrialized, rapid-fire, modern model of patient care. It will not be a practice of affiliated doctors, but rather an office in which doctors from a variety of specialties and affiliations can offer that conve- nient care to local patients, he said. WATERBURY A New Jersey real estate investor recently paid $1.5 million for a long-neglected, 50,094-square- foot industrial building in Waterbury with plans to make repairs and lease it out. Joseph Ceylan, managing member of BeKitto Realty Group, said he plans extensive landscap- ing, roof repairs and some internal repairs before leasing out the warehouse on 3.9 acres at 407 Brookside Road. The property had sat unused and untended for several years, Ceylan said. But it has excel- lent highway access, great loading dock access and a big parking lot, making it well suited as a warehouse, he said. Ceylan said he has a rough estimate of at least $250,000 for repairs. "It just needed a little bit of work, a little bit of love, and we were willing to do it," Ceylan said. "It will help the neighborhood." The Brookside Road industrial building – which dates to 1965 – had once served gourmet spe- cialty food retailer Volubilis Food Inc., and, later, the related D&M Packing LLC. D&M Packing transferred the property back to Volubilis Food in March. Then, on Sept. 15, Volubilis sold the property to West Grove LLC – a vehicle of BeKitto – for $1.5 million. West Grove LLC's principals are Joseph, John and David Ceylan, who share a residential address in Oradell, New Jersey, records show. Volubilis Food's principals are Aziz Debagh and Hailsy Stoute, who share a residential address in New Rochelle, New York, records show. FARMINGTON An adhesives manufacturer based in Mt. Ver- non, New York, recently paid $1.3 million for a Farmington industrial building. Beacon Adhesives, a company with nearly $20 million in annual revenue, bought the 21,662-square-foot building on 5 acres at 25 Spring Lane for storage, Beacon Vice President of Operations Peter Ryan said. In a deal recorded Sept. 7, a limited liability company tracing back to Glastonbury-based real estate investor Hollister & Moore LLC sold the building to another LLC tied to Beacon. The 54-year-old, one-story brick building was previously occupied by J.F. Fredericks Aero, a maker of aerospace parts. J.F. Fredericks left the A rendering of the Big Y market sign at 850 S. Main St., Middletown Photo Credit

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