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September 25, 2024

Growing traffic controls business pays $1.37M for Glastonbury industrial building

Costar 94 Eastern Boulevard, Glastonbury
By Michael Puffer

A principal of a growing Glastonbury-based traffic controls company recently paid $1.37 million for a 12,674-square-foot industrial building in the town.

Claudio Vecchiarino, vice president of New England Traffic Solutions, bought the 50-year-old industrial “flex” building on 1.1 acres at 94 Eastern Blvd., in a sale recorded on Sept. 12.

The building had most recently hosted D Tech Services, an industrial machine manufacturing company founded by Mary Alice Tulimieri and Dennis M. Tulimieri Sr. The pair are also principals of the LLC that sold 94 Eastern Blvd.

Listing broker Robert Montesi, of Goman + York, said he recently helped D Tech, which is also growing, move to a leased 40,000-square-foot space in Cromwell.
The building at 94 Eastern Blvd., went on the market on June 1.

“We had good interest right away despite the fact it was a very slow summer,” Montesi said. “We did have several interested parties.”

Montesi said there is an ongoing shortage of available industrial spaces, especially properties with less than 50,000 square feet.

“There is not a ton of inventory in Glastonbury, so for anyone who wants to be there, it was a really great opportunity,” Montesi said. 

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