Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

November 25, 2024

MIRA Dissolution Auth. sells two Hartford properties to growing USA Waste and Recycling for $12M

Contributed 211 Murphy Road in Hartford.
By David Krechevsky

The entity working to dissolve the defunct Materials Innovation and Recycling Authority (MIRA) has sold two more properties as part of its efforts to shed assets. 

The MIRA Dissolution Authority recently sold 171 Murphy Road and 211 Murphy Road in Hartford. The two properties were purchased together for a combined $12 million, $2.1 million more than the listing price. 

The buyer was Murphy Road Holdings Inc., owned by Enfield-based USA Waste and Recycling. Frank M. Antonacci is a top executive of USA Waste & Recycling, which has been expanding its presence in recent years. 

Antonacci is also a principal in KR Watertown Recycling LLC, which purchased the first MIRA property sold, a 7,300-square-foot Watertown transfer station located on Echo Road, for $2.55 million back in September.

The property at 211 Murphy Road includes a 92,616-square-foot industrial building that is fully equipped and permitted as both a single- and dual-stream recycling facility. It includes a weigh station and access rights to a rail spur. It was also the former home of The Trash Museum. The other property at 171 Murphy Road is an adjacent one-story, 19,200-square-foot industrial building.

Of the four properties originally put up for sale in June, just one remains: a 10,280-square-foot building at 217 Sadds Mill Road in Ellington, which is awaiting a decision to subdivide it from the abutting landfill. 

Rocky Hill-based O,R&L was selected by MIRA to list and broker the sale of all four assets.

MIRA made the decision to close its Hartford trash plant in 2022 after it failed to come up with the financing for a redevelopment plan of the aging property. There is still uncertainty, and a lack of agreement, about what to do with the roughly 80-acre property around the plant.
 

Sign up for Enews

Most Recent

Most Recent

0 Comments

Order a PDF