Hartford Business Journal

HARTFORDBUSINESS.COM | JUNE 1, 2026 7 DE AL WATCH | BUYERS & SELLERS NY landlord adds East Hartford warehouse for $5.95M N ew York-based Snowball Developments paid $5.95 million in May for an 81,475-square-foot warehouse at 188-200 Prestige Park Road in East Hartford, continuing its Connecticut buying spree. The building is currently occupied by American Tire Distributors, which Snowball expects will eventually outgrow the space, creating a future leasing opportunity. Snowball Presi- dent Brian Ker said the company may subdivide the warehouse for smaller tenants or use it as expansion space for existing tenants in its Connecticut portfolio, which includes more than a dozen properties. Bridgeport A Meriden developer has proposed a 22-story, 305-unit mixed-use apart- ment tower in Bridgeport. Jonathan Gonzalez plans to rede- velop a 0.44-acre property at 110-118 Congress St., replacing an existing three-story commercial building he said he is under contract to buy. The project would include retail and office space on the first two floors, with apartments above. The property is owned by Northeast Film Storage LLC, which bought it for $435,000 in 2010. Gonzalez said the project aligns with a broader housing development strategy tied to funding his nonprofit, Second Start Inc. 188-200 Prestige Park Road, East Hartford. Photo | CoStar Farmington A new 204-unit apartment commu- nity in Farmington has opened for leasing. The Olmsted Farmington, developed by Skala Partners and affiliated builder Skala Construction, offers studio to three-bedroom apartments with monthly rents starting at $2,265. The community is located near Batterson Park and includes amenities such as a pool, fitness centers and clubhouse. Konover Residential is handling leasing for the project. The develop- ment was led by Skala principals and brothers Aristides Koutouvides and Niko Koutouvides. Trumbull New York-based BACO Enterprises, a supplier of infrastructure and construction fasteners, has purchased the former Trumbull Printing Co. property at 205 Spring Hill Road for $6.4 million. The 57,000-square-foot industrial building, constructed in 1969, formerly housed a printing plant serving publishers across the Northeast. BACO manufactures fasteners and steel components used in infrastruc- ture projects including bridges and tunnels. The seller was Glen Park Capital Partners LLC, an affiliate of Shel- bourne Global Solutions, which acquired the property in 2022 through a sale-leaseback deal with Trumbull Printing. Ansonia A partnership between West- port-based Zelco Properties & Devel- opment and the Grossman Cos. has acquired the Ansonia Shopping Center for $8.4 million. The 175,000-square-foot retail property at 403-495 Main St. and 75 Tremont St. is about 71% vacant, according to the new owners. The buyers plan a redevelopment and leasing push focused on grocery, service-oriented and other daily-needs retailers, along with infrastructure upgrades including roof, facade, HVAC and parking improvements. Charter Realty, Zelco's brokerage arm, will lead leasing efforts. Hartford A partnership between Sheldon Oak Central and Simsbury-based Vesta Corp. has completed a $65.5 million affordable housing redevelopment south of downtown Hartford. The 155-unit mixed-income complex at 85 Van Block Ave. replaces the former 64-unit Martin Luther King public housing development. Apart- ments began leasing in February, with the property now 57% occupied. The development serves households earning 30% to 60% of area median income, with monthly rents ranging from $1,259 to $1,713. Financing came from multiple public and private sources, including the Connecticut Housing Finance Authority. NY-based developer acquires 'landmark' Bristol property for $7.5M; ESPN is a tenant By David Krechevsky davidk@hartfordbusiness.com A New York-based real estate development firm recently acquired a Bristol property used by ESPN for $7.5 million and is marketing it for lease. Westchester, New York-based Routine Properties, which develops industrial sites and owns other proper- ties in Hartford and Litchfield counties, recently acquired the Superior Busi- ness Park, at 383 Middle St. Evan Goldfine, general partner with Routine Properties, said the sale price was $7.5 million. Routine has rebranded the site as Bristol Business Park, he said. The property was sold by Bristol Sports Center DST, which acquired it in December 2013 for more than $42 million, property records show. Previously, the majority of the site was occupied by ESPN, which used it for offices and storage space, according to Justin Malley, Bristol's economic development director. Before that, the property was occu- pied by Superior Electric, a manufac- turer of voltage control components that shut down in 2001 and laid off hundreds of workers. "For us, it's one of the landmark properties across the city," Malley said. "We don't have many very large industrial properties." According to city land records, the 36.9-acre property is zoned for indus- trial use and includes four buildings totaling 410,699 square feet. ESPN still leases a portion of the property, but the rest is available for lease, Malley said. The largest building on-site is more than 330,000 square feet, according to city records, while a second building is listed at more than 71,000 square feet. The two smaller structures include a 2,589-square-foot building occupied by Alero Financial credit union and a The newly renamed Bristol Business Park at 383 Middle St. has a new landlord. Contributed Photo 6,000-square-foot garage. A brochure created by Sentry Commercial lists up to 223,250 square feet of industrial space for lease. "It can suit any type of tenant requirement," Goldfine said, adding that the main building can be divided if tenants want smaller units. The lease rate is $6.95 per square foot, including insurance, taxes and common area maintenance. Goldfine noted that qualified manu- facturing and warehouse distribution tenants would be eligible for a five- year, 80% tax abatement under a state urban jobs program. "It's an enormous incentive," he said. "The city is quite supportive." The building is in good condition, but Routine Properties plans upgrades including improved lighting and the addition of 36 truck loading docks, bringing the total to 45, Goldfine said. Goldfine said the property also includes 3 acres of paved outdoor space suitable for parking or storage. "We're designing for maximum flexi- bility for industrial uses, office uses, or flexible users who need reliable space in Bristol," Goldfine said.

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