Hartford Business Journal

8 HARTFORDBUSINESS.COM | SEPTEMBER 8, 2025 DE AL WATCH DE AL WATCH | BUYERS & SELLERS NY adhesives manufacturer to establish Farmington distribution center after $1.9M building purchase A New York manufacturer of adhesives and sealants will establish a new warehouse and distribution center in Farm- ington, following its $1.9 million purchase of an industrial building in town. Beacon Adhesives is a Mount Vernon, New York-based producer of adhesive products — including glues, sealants, coatings, potting compounds and more — used by the industrial, crafters-and- makers, and wire-and-cable sectors. Beacon Adhesives President David Mesh said his century-old company will establish a warehousing and distribution center in Farmington for its specialty adhesives and silicones. A limited liability company controlled by Mesh paid $1.9 million for a single-story, 30,829-square-foot manufacturing building at 145 Hyde Road, in Farmington, where Beacon Adhesives will set up shop. Christian Dietz, of Colliers International, was the sole broker in the deal. 145 Hyde Road, in Farmington. Photo | CoStar ROCKY HILL A major orthopedic specialty group has purchased just over 6 acres in Rocky Hill, where the company plans to expand its presence in town. Orthopedic Associates of Hartford in late July paid $1 million for 6.05 acres at 250 Enterprise Drive. The site is located near Orthopedic Associates' 45,000-square-foot surgical center in Rocky Hill, at 150 Enterprise Drive, which debuted in 2019. Orthopedic Associates CEO David Mudano said his company plans to expand its existing Rocky Hill surgery center and patient office on the new land. "This expansion will allow us to enhance care and better serve patients throughout the region," he said. No further details about the project were provided. Orthopedic Associates of Hartford is one of Connecticut's largest orthopedic specialty groups with three outpa- tient surgical centers — in Rocky Hill, Glastonbury and Hartford — in addition to patient offices in Enfield, Farmington, Glastonbury, Hartford, Plainville, Rocky Hill and South Windsor. STAMFORD Two major development firms are planning new apartment projects in Stamford. One project, submitted by 120 Long Ridge LLC, proposes to redevelop the 302,000-square-foot former Gen Re office building, at 120 Long Ridge Road, into a 196-unit apartment building. 120 Long Ridge LLC is controlled by Carl and Paul Kuehner, the chairman and CEO, respectively, of major Stamford developer Building and Land Technology. The building would have 23 studio apartments, 64 one-bedroom units and 109 two-bedroom units. Two other limited liability compa- nies — 120-C Long Ridge LLC and Toll Northeast V. Corp, a subsidiary of national developer Toll Brothers — have proposed building 102 units of housing on an adjacent 20.3-acre vacant parcel at 120-C Long Ridge Road. Toll Northeast is under contract to buy the property from 120-C Long Ridge LLC, which is also controlled by Carl and Paul Kuehner. Toll Northeast plans to build "a for-sale common-interest community" that will include 44, two-story carriage homes and 58, three-story townhomes. The units will have three or four bedrooms each and garage space, the application said. The development would also feature a clubhouse with a fitness center, flex space, bike rack and restrooms as well as an outdoor pool, the application stated. After $2.7M purchase, developers plan major office-to-multifamily conversion in Windsor The Konica Minolta office building at 500 Day Hill Road, in Windsor. Photo | CoStar By Michael Puffer mpuffer@hartfordbusiness.com T wo prominent developers have teamed up to redevelop one of Windsor's largest vacant office properties. Massachusetts-based Condyne Capital Partners and Litchfield investor/developer Mark Green- berg have jointly purchased the 99,720-square-foot Konica Minolta office building at 500 Day Hill Road for $2.7 million. The partners plan to add a wing to the existing 1982-vintage, concrete office building and build three addi- tional residential buildings, creating a total of 300 multifamily units. Three retail buildings totaling 18,417 square feet would also be added to the 20.6-acre property. Greenberg said the partners have not decided whether to sell the units as condominiums or operate them as rentals. His portfolio has tradi- tionally focused on office and retail properties, but the collapse of the office market has pushed him to pivot toward housing. Greenberg, one of Windsor's largest landlords, was an early and vocal supporter of zoning reforms to allow adaptive reuse of struggling office buildings. The Day Hill Corporate Area, Windsor's primary office and busi- ness district, has been among the hardest hit by the pandemic-driven shift to remote and hybrid work. The town's office vacancy rate — 34.7% in 2019 — soared to 59.1% in early 2024, according to CBRE. Windsor officials have worked with consultants to evaluate how best to repurpose vacant space. Two proposed zoning changes now before the Planning and Zoning Commission would allow easier conversion of offices to housing or mixed-use developments. "It has to happen, there is no market for office," Greenberg said. The Konica project is one of several redevelopment efforts Greenberg is pursuing in Windsor. He is working with Florida-based Citicore Develop- ment Group on a plan to convert the vacant offices at 1 and 10 Targeting Centre into 201 residential units, a Starbucks and 9,200 square feet of commercial space. The town has approved the conceptual plan, but litigation has delayed Greenberg's purchase of 1 Targeting Centre. He also plans to redevelop the 48,000-square-foot office building at 10 Griffin Park North, either through adaptive reuse or by demolishing it for new construction. Meantime, Manchester, New Hamp- shire-based Brady Sullivan Properties is under contract to purchase two adjacent office buildings on Water- side Crossing in Windsor, with plans to convert them to apartments. Jonathan Putnam, of Cushman & Wakefield, was the listing broker for the Konica Minolta building.

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