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August 8, 2016 Deal Watch

Cromwell Commons plaza sold for $16.7M

Rendering | Contributed Artist's sketch of advanced manufacturing technology addition at Asnuntuck Community College.
PHOTO | Contributed 755 Rainbow Road, Granby.

The Cromwell Commons Shopping Center recently sold for $16.7 million, brokers say.

Cromwell Commons RSK LLC and MBMB Cromwell LLC sold the approximately 114,000-square-foot retail plaza at 136 Berlin Road to The Nugent Organization and J&V Ventures.

CW Landmark brokered the sale.

PriceRite supermarket anchors the retail center.

$13M Asnuntuck expansion

Enfield's Asnuntuck Community College is erecting an estimated $13 million, 27,000-square-foot building that will nearly double its advanced manufacturing technology classroom and lab space when finished next May.

Eventually, the school's manufacturing technology center will house 50,000 square feet to serve the career needs of more than 500 pupils annually, plus incumbent workers and in-school youth, said Frank D. Gulluni, manufacturing technology director.

On top of computer numerically controlled machining, welding and electro-mechanical certificates and associate-degree programming, Gulluni said Asnuntuck expects to introduce new coursework in fabrication, layout and inspection, and additive manufacturing.

The designer is architect Moser Pilon in Wethersfield. New Haven's Fusco Corp. is general contractor.

Tradeport space listing

More than half the space in a 150,000-square-foot warehouse-distribution building in Granby's New England Tradeport is available for lease, its Bloomfield landlord says.

Griffin Industrial Realty says its high-bay facility at 755 Rainbow Road has 89,000 square feet of vacant space ready to rent under a triple-net lease of $5 a square foot.

Built in 2007, the building and grounds contain 22-37 loading docks, two drive-in doors, 30-foot clear height ceilings, and 149 spaces for truck parking. It also has phone-, fiber- and cable-ready communications service via Frontier Communications and Comcast, Griffin said.

Europa Sports Products occupies other space in the building, the landlord said.

Berlin Turnpike Walgreens site in $3.1M refi

The building housing Walgreens Pharmacy on the Berlin Turnpike in Newington has undergone a $3.1 million refinancing, the lender says.

The 14,490-square-foot retail drug store on a 3.24-acre corner lot at 2920 Berlin Turnpike/Route 5-15 is owned by 2920 Berlin Turnpike LLC, according to Washington Trust, of Westerly, R.I.

The building includes a two-lane drive-thru pharmacy and on-site parking for 89 vehicles.

BioSafe’s E. Hfd. buy

BioSafe Systems LLC has acquired an 8,100-sqauare-foot building on East Hartford's Pitkin Street for $900,000 to house its production of sustainable products for agriculture and food safety.

SS&S Realty LLC bought 207 Pitkin St. from Fairview Run LLC for expansion, but will retain its warehouse and laboratory space at its current 22 Meadow St. location, according to sole broker Colliers International.

Ex-Bradley Hotel sold

The 165-room HillsPoint Hotel & Conference Center in Windsor Locks has been sold for $1.2 million, brokers say.

MCC Bradley LLC sold the approximately 112,420-square-foot facility at 383 South Center St. to Praas WL LLC, according to sole broker O,R&L Commercial.

The sale price included the ongoing business, liquor license and all equipment.

HillsPoint is housed in the former Bradley Hotel.

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Gregory Seay is the Hartford Business Journal News Editor.

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