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August 19, 2013 Deal Watch

DeMattia’s $1M East Windsor play

Photo | Contributed 8 Craftsman Road, East Windsor.
Photo | Contributed Solid State Heating acquired this Westbrook site.

Stratford landlord DeMattia Cos. Inc. bought the 75,000-square-foot industrial building at 8 Craftsman Road in East Windsor for $1 million.

NAPA Genuine Parts Co. sold the building it once used for its former paper-goods operation. It vacated the property about three years ago, realty authorities said.

Principal John DeMattia wasted little time landing mattress maker King Koil Sleep Products as a tenant for 50,000 square feet of the building erected in the 1980s.

King Koil plans to use the space as supplemental storage for its mattress-production operation nearby, on Thompson Road, DeMattia said.

DeMattia said the East Windsor property adds to eight or 10 properties in the Hartford area he already owns. He described the latest acquisition as an opportunity buy.

Bill Bronson represented the seller.

• • •

Rideshare’s van storage

Commuter-service provider Greater Hartford Ridesharing Corp. Co. nearly doubled their lease at 1404 Blue Hills Ave. in Bloomfield, with an extra 12,910 square feet of enclosed space for storing commuter vans.

Rideshare originally occupied 13,770 square feet at the same address, since moving there in April 2010. Landlord is Babcock & Brown Parallel Blue Hills Avenue LLC.

Sentry Commercial represented Rideshare.

• • •

SavATree’s $290K buy

Professional tree service company SavATree has purchased Bloomfield's 12 Northwood Drive for $290,000.

The 3,600-square-foot industrial building is on 2.08 acres.

Sentry Commercial represented seller Incorporated Industries LLC of Bloomfield in this transaction.

• • •

Shea & Co. bows

Margaret Shea has opened her own agency in her South Windsor home town.

The firm is Shea & Company Real Estate LLC with offices at 1750 Ellington Road.

Joining Shea are agents Kelly Moser and Cindy Szymanski. Their turf includes the towns of South Windsor, Ellington, East Windsor, Vernon, Manchester, Glastonbury, Coventry, Marlborough, Hebron, Windsor Locks, Windsor, Somers, and Suffield.

• • •

W. Hfd. museum lease

The New Children's Museum inked an extended lease with its West Hartford landlord on its longtime home at 950 Trout Brook Blvd.

Landlord Kingswood-Oxford School granted the museum four more years, through June 30, 2017, for about 35,000 square feet. The lease is valued at $108,000, the museum says.

There's also a one-year option to renew through June 2018. 

The lease extension gives the museum extra time to raise money to design and build its future home on another unspecified location.

Founded in 1927 as a one-room natural history museum in The Pond House at Hartford's Elizabeth Park in Hartford, the nation's fifth oldest children's museum moved to its current home in 1958.

• • •

Solid State’s Westbrook buy

Solid State Heating Corp. Inc. has paid $475,000 for a light-industrial building at 1244 Old Clinton Road in Westbrook.

People's United Bank was the seller.

Solid State makes ductless ceiling heating units for household and commercial use.

The Geenty Group, Realtors, was the seller's broker.

Essex Savings Bank funded the buyer's loan, with Small Business Administration assistance.

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Greg Seay is the Hartford Business Journal News Editor.

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