June 16, 2008 | last updated May 26, 2012 4:42 am
DEAL WATCH

Winstanley Plans W. Hartford Shopping Center

Massachusetts-based Winstanley Enterprises plans to build a shopping center on Newington Road in West Hartford, where it purchased a commercial building and 15 acres for $3 million.

The seller of the property, formerly known as the Industrial Safety Supply building, was Bonk Realty Associates.

Plans call for the construction of a new shopping center with approximately 100,000 square feet on the footprint of the old structure.

The location on Newington Road -- Route 173 -- is about two miles east of Westfarms Mall.

Colliers Dow & Condon agent Nicholas Morizio brokered the sale.

Winstanley Enterprises is also in the process of a major redevelopment at Yale University in New Haven. The company purchased the 266,000-square-foot office and biotech lab at 25 Science Park last September. Renovations on the property are expected to be complete by the end of this year.

In early May, the company also announced plans to build a parking garage for the office building as well as a new plant with about 30,000 square feet to be used by Yale. The city of New Haven is reviewing plans for both of those projects.

New Konover COO

The West Hartford-based Konover Properties Corp. has named James Wakim to the positions of executive vice president and chief operating officer.

Wakim will be responsible for the corporate function of the company and will have overall responsibility for its five divisions — Konover Hotel Corp., Konover Commercial Corp., Konover Residential Corp., SK Properties Development Corp. and SIKON Construction Services LLC.

Prior to taking the new position, Wakim was a partner in the Capital Markets Group of the Boston-based law firm Brown Rudnick Berlack Israel. He is also the Connecticut State Director for the International Council of Shopping Centers and has served on the executive committee of the Connecticut Bar Association's real estate section.

"Jim is a significant addition to the Konover Properties organization," Simon Konover, president and chief executive officer of Konover Properties, said in a statement. "He has the vision and experience to carry on our tradition of quality and innovation. This is a key executive management position which required careful consideration."

Stepping Up To Reduce Energy

The Ashforth Co., a Stamford commercial real estate firm, will be the first in Fairfield County and one of the first in New England to take on an international challenge to reduce energy consumption.

The Building Owners and Managers Association, or BOMA, created the Market Transformation Energy Plan and 7-Point Challenge in July 2007 to challenge companies to reduce energy consumption in commercial buildings by 30 percent by 2012.

In the first steps toward meeting the requirements, Ashforth has started to purchase 20 percent of the energy needs for Greenwich Plaza, a 315,000-square-foot complex in Greenwich, from renewable sources.

A new chiller installed at the plaza will save about $40,000 annually in energy costs, according to company officials.

Local Leases

Stanley Steemer International Inc., a carpet cleaner with headquarters in Dublin, Ohio, has signed a long-term lease for 10,345 square feet at 230 Murphy Road in Hartford.

In Farmington, Mass Mutual Life Insurance Co. has leased 8,735 square feet at the Pond View Corporate Center located at 76 Batterson Park Road.

Big Sky Fitness will open a new location by the end of the year at 1185 West Main St. in New Britain. The company already operates centers in Newington and Simsbury.

Manchester-based LCR Productions, a video production company, has expanded with a lease for a 700-square-foot studio at 61 Arrow Road in Wethersfield.

Sean O'Leary is a Hartford Business Journal staff writer.

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