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June 12, 2023 / 2023 Power 25 Real Estate

2023 Power 25 Real Estate: Nicholas Morizio

Nicholas R. Morizio

Nicholas R. Morizio is a veteran commercial real estate broker in Greater Hartford and beyond, who is also a member of the UConn School of Business Hall of Fame.

Morizio, who largely focuses on the industrial market, has been involved in several significant deals over the past year, including the $15.2 million sale of the 235,000-square-foot warehouse at 35 Manning Road in Enfield, to a group of Massachusetts investors.

He also brokered the $6.1 million sale of the 135,470-square-foot Cheshire industrial property at 150 Knotter Drive. The building, which houses manufacturers AI-Tek Instruments and WANHO, was purchased by New Jersey investors.

Morizio said the industrial real estate market remains strong, with new manufacturers coming into the market. However, rents aren’t moving up as fast as they were a year ago, and sales could slow amid rising interest rates and the continued threat of a recession.

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 and past president of the CT chapter of the Society of Industrial & Office Realtors.

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