NorthPoint Completes Acquisition of Fully Leased Industrial Property in Hartford County

NorthPoint Completes Acquisition of Fully Leased Industrial Property in Hartford County
NorthPoint Completes Acquisition of Fully Leased Industrial Property in Hartford County

**NorthPoint Acquires Fully Leased Industrial Facility in Hartford County**

JLL Capital Markets has announced the $25.3 million sale of 105 Baker Hollow Road, a Class A, 165,625-square-foot warehouse facility located in Windsor, Connecticut.

The JLL team, led by Managing Director Michael Restivo along with Directors David Coffman and Tommy Hovey, represented the seller—a joint venture between Condyne Capital Partners and an account managed by UBS Realty Investors LLC. The buyer of the fully leased property is NorthPoint Development.

“105 Baker Hollow presented a unique opportunity to acquire a stabilized asset in a high-demand location,” said Restivo. “Hartford County’s industrial market is experiencing unprecedented tenant demand, coupled with challenging entitlement processes and a lack of speculative construction, leading to the tightest market in recent history.”

Completed in 2022, the facility features state-of-the-art specifications, including a 32-foot clear height, 38 loading docks, one drive-in door, 58 trailer parking spaces, and 117 car parking spaces. The property is currently fully leased to Safelite, the largest auto glass specialist in the United States.

JLL Managing Director Shawn McMahon provided local leasing and sales support for the transaction.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts