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April 13, 2015 Deal Watch

Ex-Acme Auto W. Hfd. site lists at $1.77M

PHOTO | Contributed The former auto-parts store at 540 New Park Ave., West Hartford.

The former Acme Auto Parts store site in West Hartford is on the market with a $1.77 million asking price, say brokers.

The triangular, 1.81-acre parcel at 540 New Park Ave., at the corner of Oakwood Avenue, has a 22,000-square-foot building that was the parts store. Earlier in its life, the building also housed an auto-repair operation.

The Grody Co. in West Hartford owns the property, said Newington commercial listing broker Reno Properties Group.

Reno Properties principal Michael Gallon said the Fine family for years ran Acme, which once counted about a dozen parts stores in the Hartford area.

The property is surrounded by retail, commercial and industrial operators, including Home Depot, BJ's Wholesale Club and gunmaker Colt's Manufacturing Co.

The owner is pitching the site for its potential for retail development.

It's situated about a quarter-mile south of the new CTfastrak station at the corner of Flatbush and New Park avenues.

• • •

Farmington care facility

A 116-bed assisted-living/memory-care facility is going up on Farmington's eastern edge.

Columbia/Wegman Acquisition LLC, a partnership between Rochester, N.Y., real estate developer Wegman Cos. Inc. and a Washington state nursing-home operator is erecting the approximately 93,000-square-foot community at 99-111 Scott Swamp Road/Route 6.

The 10.47-acre community will be called The Landing of Farmington.

According to papers filed with the town, The Landing will house seniors in 86 assisted-living units, plus 25 units in a separate area of the building devoted to residents with Alzheimer's disease and other memory-related ailments.

Amenities will include a dining facility and space for other health- and community-related events, papers show. The Landing will employ between 55 and 65 workers.

The site will have parking for 69 vehicles, but a rear lot on the site will remain undeveloped, documents show.

Loureiro Engineering Associates Inc. of Plainville is a project adviser.

Wegman has developed similar properties over 40 years in Connecticut, Massachusetts, Maine, New York and Ohio, according to its homepage.

The Landing of Farmington is one of three assisted-living/memory-care facilities Wegman is building; two more are underway in upstate New York and in Ohio.

• • •

Pilot tags tradeport

Freight-forwarder Pilot Freight Services signed a long-term lease for 42,240 square feet of industrial space in Windsor.

As previously reported, Pilot is preparing to leave its approximately 14,000-square-foot space at 25 Kripes Road in East Granby it has occupied the past five years for new quarters at 40 International Drive, in the New England Tradeport. Griffin Land is the tradeport's landlord.

The move coincides with online retail giant Amazon.com's opening soon nearby of a 1.5-million-square-foot order-fulfillment center, off Day Hill Road, in Windsor. Amazon uses Pilot to ship TV sets, fitness equipment and other bulky merchandise to shoppers in the region.

Buildout of Pilot's new space is underway, Griffin said, with occupancy set for early summer — around the same time Amazon's opens.

• • •

STAG’s No. Haven buy

Boston real estate investment trust STAG Industrial Inc. recently paid $57.7 million to add another Connecticut industrial property to its nationwide portfolio.

STAG North Haven LLC has purchased 300 Montowese Ave. in North Haven from New Haven Inc.

Two industrial buildings totaling 825,000 square feet are on the 66.7-acre site purchased from New Haven Inc. Bozzutto's Inc. and New Breed Logistics are tenants.

HK Group was the sole broker in this transaction.

According to STAG's homepage, it also owns a 74,000-square-foot manufacturing building in Avon; and a 145,000-square-foot distribution warehouse in East Windsor.

Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.

Gregory Seay is the Hartford Business Journal News Editor.

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