Issue link: https://nebusinessmedia.uberflip.com/i/788268
www.HartfordBusiness.com February 20, 2017 • Hartford Business Journal 11 All Direct's ex-N. Britain home price cut to $1.8M T he 64,000-square-foot New Britain manufacturing warehouse for sale that once housed All Mail Direct has undergone a 30 percent cut in its $2.55 mil- lion asking price, brokers say. The new price is $1.8 million for the build- ing that opened in 1966 on 3.4 acres at 55 John Downey Drive. Peterson LLC is landlord. Among its footprint is 3,000 square feet of office space with central air condi- tioning, according to listing broker Reno Properties Group. The building also features multiple high-loading docks and drive-ins with overhead doors, according to Reno's online property flyer. A year ago, All Mail Direct relocated its fulfillment and direct-marketing opera- tions to leased quarters at 128 Old Brick- yard Lane in Berlin. $825K Newington listing An 11,850-square-foot building on the Newington leg of the Berlin Turnpike is on the market with an $825,000 asking price, brokers say. The building at 2172 Berlin Turnpike/ Route 5-15 is on 1.82 acres and can be used for industrial or retail, listing broker Sen- try Commercial said. Built in 1984, the tri-level structure has 1,250 square feet of office space on its mezzanine. Hartford apt. sale-price cut The asking price has been trimmed 2.6 percent on a 15-unit apartment building in Hartford's Asylum Hill neighborhood for sale since last summer to $599,000, brokers say. Broker Reno Properties Group LLC listed a $615,000 pricetag when the three- story brick building at 1 Huntington St. first appeared on the market. Reno said at that time the property's latest improvements included a new rub- ber roof, new gas boiler and heating-sys- tem controls, fire escapes, windows, and electrical system. It has 12 one-bedroom and three two- bedroom units with yearly operating income per unit of $60,374, Reno said. S. Windsor sale/lease option A 4,320-square-foot flex industrial building in South Windsor is on the mar- ket for sale or lease. The facility on 0.82 acres at 12 Sea Pave Road has a $295,000 sale price, according to listing broker Sentry Commercial. It's also available for lease at $5.50 a square foot. Built in 1989, the property has a secure, fenced yard, two 12-foot by 14-foot drive- in doors and is suitable for a wide variety of uses. It also contains 300 square feet of office space. S. Windsor sublease Par Electrical Contractors signed a five-year sublease on a 31,404-square- foot building in South Windsor to house its Connecticut division, brokers say. The free-standing building is at 55 Corneau Way. New Haven broker Pearce Commercial represented landlord Joseph T. Ryerson and Sons Inc. in the lease talks. JLL was Par's broker. $505K Bloomfield sale A 41,180-square-foot Bloomfield indus- trial building sold recently for $505,000, brokers say. BD55 LLC bought the building on 3.74 acres at 55 Peters Road from J.E.S. Realty LLC. Sentry Commercial was sole broker. Zangari Cohn's Hartford office New Haven law firm Zangari Cohn Cuthbertson Duhl & Grello PC has opened a satellite downtown Hartford law office in 2,500 square feet in the former Hartford Trust building at 750 Main St. Reese Commercial Real Estate Servic- es represented Zangari Cohn in its search. Landlord Boxer Properties represented 750 Main LP. Zangari Cohn also has offices in War- wick, R.I. n Deal Watch wants to hear from you. E-mail it, along with contact informa- tion to: gseay@HartfordBusiness.com. Gregory Seay is the Hartford Business Journal News Editor. Gregory Seay DEAL WATCH NOMINATION DEADLINE: March 28, 2017 Nominate at: HartfordBusiness.com/CFO Presented By: Presenting Sponsor: Event Sponsors: Event Partners: Honor your Chief Financial Officer for their outstanding performance and commitment. For questions about this event please contact Amy Orsini at 860-236-9998, ext. 134 or aorsini@hartfordbusiness.com. #HBJCFO Finalists will be recognized at an AWARDS LUNCHEON on: June 8, 2017 at the CT Business Summit at the Connecticut Convention Center in Hartford, and in a SPECIAL ISSUE of the HARTFORD BUSINESS JOURNAL publishing June 12, 2017. Official Promotional Products Provider EVENT & TRAVEL PARTNERS 2017 Nominate your CFO today! The Chief Financial Officer of an organization is a vital and often overlooked position in creating business success. The CFO of the Year luncheon and issue honor these financial professionals for their commitment to excellence and outstanding performance. www.connstep.org/planning Your first step to better business. Session 1: Nine Ways to Leave Your Business 8:30 a.m. - 9:30 a.m. Session 2: How to Increase Your Company's Value 10:00 a.m. - 11:00 a.m. PLANNING for the FUTURE of your BUSINESS March 8, 2017 Radisson Hotel Cromwell $15 for one session, $25 for both sessions REGISTER TODAY AT: CT MANUFACTURERS EVENT: PLAN YOUR FUTURE As baby boomers continue to leave the workforce over the next several years, business owners need to plan their own eventual exit. To help you plan your future, we're presenting two one-hour topics conducted by an industry leading expert. Attend one or both of these informative sessions: Presenter: Michael Camerota President, Touchstone Advisors For Manufacturers Only 55 John Downey Drive, New Britain. P H O T O | H B J F I L E 12 Sea Pave Road, South Windsor. P H O T O | C O N T R I B U T E D 55 Corneau Way, South Windsor. P H O T O | C O N T R I B U T E D