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A former Sam’s Club in Manchester, recently converted into a warehouse, has sold for $11.75 million to the moving and storage company that was leasing it.
In a sale recorded Dec. 31, New York-based Clancy Relocation and Logistics acquired the 138,215-square-foot former retail building on 13 acres at 69 Pavilions Drive from a limited liability company tied to the Grossman Cos.
The Sam’s Club building was built in 1991 on one of the roads leading to the Shoppes at Buckland Hills mall. That Sam’s Club location closed in 2018, and the building was vacant until its $6.75 million sale in 2021 to Grossman, a Massachusetts-based real estate and investment company. The property was subsequently converted and leased to Clancy.
Amid the response to the outbreak of the COVID-19 pandemic in 2020, state officials had taken steps to purchase the Manchester property for storage of personal protective equipment but never sealed the deal.
Nicholas Morizio, president of Colliers in Hartford and New Haven, who represented the seller, said Clancy had been operating in the building under a seven-year lease, and exercised an option to purchase the property.
“I think it’s a good deal for everybody,” Morizio said.
Sean A. Kumnick, a senior associate at Colliers, assisted in the sale on behalf of Grossman.
Damon Bowers Sr., managing director of Cushman & Wakefield in Hartford, represented the buyer.
Morizio said this is a good example of obsolete big-box retail spaces finding a new purpose.
“It’s a new use versus retail, which doesn’t exist in Connecticut,” Morizio said. “Big boxes are being converted to office, storage and industrial. Towns have to be open to this sort of thing. Sears is not coming back. Kmart is not coming back.”
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