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July 18, 2022 / 2022 Power 25 Real Estate

2022 Power 25 Real Estate: Nicholas R. Morizio

Nicholas R. Morizio

Nicholas R. Morizio’s influence on the region’s commercial real estate sector was on display when he was recently inducted into the UConn School of Business Hall of Fame.

UConn said this about Morizio, who is the president of the Hartford and New Haven offices of brokerage firm Colliers International: “With more than 45 years of experience in commercial real estate, he has marketed properties exceeding $800 million. He has also led several professional organizations and is the recipient of numerous awards, including the Lifetime Achievement Award by the UConn Center for Real Estate.”

Morizio, who has largely focused on the red-hot industrial market, has been involved in several major deals over the past year, including the $6.9 million sale of the former 139,000-square-foot Sam’s Club property in Manchester to the Grossman Cos. Inc. He also brokered the sale of the 154,000-square-foot East Granby warehouse at 7-17 Bradley Park Road for $6.2 million.

The industrial market has been so hot, Morizio said, that land and building prices are up 25% or more.

Over his entire career, Morizio has been in the middle of some of the largest deals in Greater Hartford, including the sale of three major office buildings in Hartford: the former Bank of America tower at 777 Main St.; the “Stilts” building at 20 Church St.; and the Metro Center at 350 Church St.

Aside from being a deal-maker, Morizio has been a leader in the industry, having been appointed a Counselor of Real Estate (CRE) and past president of the CT chapter of the Society of Industrial & Office Realtors (SIOR).

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