Hartford Business Journal

HARTFORDBUSINESS.COM | SEPTEMBER 4, 2023 7 DEAL WATCH The company that builds and installs the critical systems in virtually every type of facility is the same company you can rely on to maintain them. For over over 50 years, our clients have trusted us to deliver end-to-end facilities solutions, so they can focus on their core business. We design, install, and maintain systems in: Industrial, Manufacturing, Commercial, Higher Education, Healthcare, and Pharmaceutical facilities. WE FOCUS ON YOUR FACILITIES— SO YOU CAN FOCUS ON YOUR BUSINESS. 860.871.1111 Toll Free: 800.741.6367 nemsi.com MECHANICAL | ELECTRICAL | PLUMBING | SHEET METAL | BUILDING AUTOMATION | FACILITIES SERVICES License #'s: E1-197483 S1-406020 P1-290301 SM1-975 MC-1134 Winstanley Enterprises trades Windsor properties in deals valued at $165.8M A 1 million-square-foot distribution center in Windsor hosting an Amazon fulfillment center recently sold to Massachusetts-based real estate investor and developer Winstanley Enterprises for $122.3 million. The warehouse at 200 Old Iron Ore Road was completed in 2014 and sits on 89.5 acres. The deal, recorded by the town on Aug. 9, is likely to be one of Connecticut's highest-priced commercial real estate transactions of 2023. German Investor Deka Immobilien was the seller. It paid $106.5 million for the property in 2016. The deal came days after Winstanley sold a nearly complete logistics center in Windsor at 500 Groton Road, for $43.5 million to a limited liability company connected to Kansas City-based NorthPoint Development. The Groton Road property spans 93.78 acres and hosts a 530,000-square-foot logistics center that, according to town officials, is destined to be occupied by Target as a refrigerated warehouse. The property sits within Winstanley's 653-acre Great Pond Village development zone, which will host a mix of commercial, residential and industrial uses. Amazon's 1 million-square-foot distribution center in Windsor, at 200 Old Iron Ore Road. PHOTO | COSTAR EAST HARTFORD Hartford-based Noble Energy recently paid $1.2 million for an East Hartford industrial prop- erty it plans to transform into an upscale fueling plaza, complete with a convenience store, fast-food restaurant, ice cream shop, electric vehicle chargers and car wash. The property currently hosts a 14,155-square-foot manufacturing building completed in 1955, and a 5,000-square-foot storage building dating to 1963. East Hartford's Planning and Zoning Commission recently signed off on Noble's fueling plaza development plan for the property, contingent on the company working through designs with the town's engineering department and the state Department of Transportation. CHESHIRE Napoli Foods Inc.'s 120,000-square-foot distri- bution center at 10 Knotter Drive in Cheshire is set to undergo a $10 million expansion that will increase its size by more than a third. The company's owner, Piscataway, New Jersey-based Ferraro Foods, said it has obtained local and state approvals for a 45,000-square-foot addition to the facility. Napoli is a specialty brand of imported Italian food, and is one of the largest distributors of food and food service supplies to pizzerias and Italian restaurants in the country. It marks Ferraro's third major growth initia- tive in the last three months, and positions the company to double Napoli's current sales volume and continue to expand its presence in the Northeast pizza market. Ferraro, which has annual sales revenue of nearly $1.3 billion, acquired Napoli in 2019. WEST HARTFORD An affiliate of the West Hartford Housing Authority is proposing to demolish most of a shuttered synagogue to make room for a 49-unit multifamily building. Trout Brook Realty Advisors, the nonprofit development arm of the West Hartford Housing Authority, plans to retain the front facade, including stained glass, of the existing 1969- vintage Agudas Achim Synagogue at 1244 North Main St., attaching it to a new 20,750-square- foot building on the 1.8-acre property. Jill Corrado, CEO of Trout Brook Realty Advisors, said her organization has a purchase- and-sale agreement in place for the property. Trout Brook will apply for funding early in the coming year, which could make for a late 2024 groundbreaking, Corrado said. WALLINGFORD The Connecticut Lottery Corp. has officially relocated its Rocky Hill headquarters to Wall- ingford. News of the move was first reported by the Hartford Business Journal in May. The quasi-public state agency has consoli- dated its footprint into one building at 15 Sterling Drive, in Wallingford. CT Lottery has signed a long-term, 136,615-square-foot lease in the Wallingford mixed-use industrial/office property. The new Wallingford location will house the lottery's corporate offices, online betting back-of- fice operations, warehouse space and a TV studio where instant-game drawings will be broadcast.

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