Issue link: https://nebusinessmedia.uberflip.com/i/1522802
HARTFORDBUSINESS.COM | JUNE 24, 2024 33 POWER 25 | REAL ESTATE Gary O'Connor G ary O'Connor has long been known as a go-to legal expert when it comes to brownfield redevelopment. O'Connor is the co-chair of law firm Pullman & Comley's real estate, energy, environmental and land-use practice. He has extensive experience in complex industrial and commercial real estate deals, particularly those impacted by environmental conditions. Currently, he's representing a national real estate developer — Bluewater Property Group — in the acquisition and development of a 175-acre site in Waterbury and Naugatuck, where there's a plan to build a nearly 3 million- square-foot Amazon e-commerce distribution and fulfillment center. He's also representing the borough of Naugatuck in the redevelopment of more than 100 acres of brown- field sites into a mix of industrial parcels and a transit-oriented district comprising market-rate and affordable housing, commercial space and a new train station on the Metro-North Waterbury rail line. O'Connor is also helping a major healthcare network with the acquisi- tion and development of a brownfield site adjacent to its existing hospital campus, and a developer on the acquisition and redevelopment of an underutilized multi-tenant shopping center located in an urban area. O'Connor said affordable housing, warehouse and midsize industrial projects remain the most active. He's also seen the continued adaptive reuse of former retail centers to industrial, warehousing and residential uses. "The biggest trend continues to be the uncertainty in the market resulting from higher interest rates, tightening of available financing, especially from traditional lenders, and the rising costs of labor, construction materials and insurance premiums," O'Connor said. "Locally, it appears that land-use boards are becoming less receptive to large projects, especially the mega-distribution facilities, although the development of warehouse and distribution facilities continues to be strong." CONSTRUCTION GROUP CONSTRUCTION GROUP FORTUNATO CONSTRUCTION GROUP CONSTRUCTION GROUP FORTUNATO www.fortunatoconstruc on.com W H O ' S W H O ' S B U I L D I N G B U I L D I N G Y O U R F U T U R E ? Y O U R F U T U R E ? B G R E L L C C O M M E R C I A L R E A L E S T A T E 8 6 0 . 3 0 5 . 7 4 0 1 | 8 6 0 . 8 3 6 . 5 7 3 7 | N E W I N G T O N , C T 0 6 1 1 1 Peter Brooks - CCIM 860.836.5737 pbrooks@BGREllc.com Andrew Grocki 860.305.7401 agrocki@BGREllc.com Location 75 Sullivan Ave, South Windsor, CT, 06074 Size 6.6 acres Sale Price $975,000 Area Distribution Centers Aldi, Amazon, FedEx Ground, Home Depot, Macy's, Neyra, Vista New England Traffic Counts 14,700 VPD on Rt-5, 13,100 on Rt-194 • SIZE: 6.6 ACRES • ZONING: I-INDUSTRIAL • ACCESS: ROUTE 5 (JOHN FITCH BOULEVARD) & ROUTE 194 (SULLIVAN AVE) • TRAFFIC COUNTS: 14,700 ADT ON ROUTE 5 AND 13,100 ON ROUTE 194 • USE: STORAGE, WAREHOUSE, DISTRIBUTION, OUTDOOR SALES, VETERINARY, PROFFESIONAL OFFICE, BREWERY DISTILLERY, INDOOR CANNABIS CULTIVATION. • LOCATION: CLOSE PROXIMETY TO I-91, I-84 AND I- 291. BRADLEY INTERNATIONAL AIRPORT. BETWEEN HARTFORD & SPRINGFIELD, MA. Demographics 1 mile 3 miles 5 miles Population 19,105 72,237 72,237 Households 7,786 29,108 29,108 Avg. HH Income $129,675 $128,409 $128,409 Daytime Pop. 12,012 42,472 42,472 75 Sullivan Avenue South Windsor, Connecticut FOR SALE B G R E L L C C O M M E R C I A L R E A L E S T A T E | 8 6 0 . 3 0 5 . 7 4 0 1 | N E W I N G T O N , C T 0 6 1 1 1 Peter Brooks - CCIM 860.836.5737 pbrooks@BGREllc.com Andrew Grocki 860.305.7401 agrocki@BGREllc.com Location 520 Alexander Rd, New Britain, CT 06053 Size 3.857 Acres Sale Price $1,200,000 Area Retail / Restaurants West Farms Mall, Corbin's Corner, Corbin Collection, Nordstom Rack, Costco, Target, TJ Maxx, Panera, Shake Shack, Starbucks, Dunkin, Rebel Dog Coffee Traffic Counts 9,300 VPD on Farmington Ave • PROPOSED TOWNHOUSE CONDO DEVELOPMENT • TWO AND THREE BEDROOM UNITS AVAILABLE • FULL BASEMENT AND ATTACHED GARAGES • CONVENIENTLY LOCATED TO HARTFORD WESTFARMS MALL, STANLEY GOLF COURSE, AND UCONN HOSPITAL MEDICAL CENTER ALEXANDER PLACE AT BATTERSON PARK 520 Alexander Road New Britain, Connecticut FOR SALE $975,000 SIZE: 6.6 ACRES ZONING: I-INDUSTRIAL $1,200,000 SIZE: 3.857 ACRES PROPOSED TOWNHOUSE CONDO DEVELOPMENT Peter Brooks - CCIM 860.836.5737 | pbrooks@BGREllc.com Andrew Grocki 860. 305.7401 | agrocki@BGREllc.com BGRE LLC COMMERCIAL REAL ESTATE SITE Sullivan Avenue Sullivan Avenue RT 5 RT 5