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September 16, 2024 Deal Watch

Switzerland housewares vendor Bodum buys Windsor warehouse for $15M

CoStar 550 Marshall Phelps Road, Windsor
By Michael Puffer

The American arm of international housewares manufacturer and distributor Bodum has purchased a Windsor warehouse for $14.96 million.

New York-based Bodum USA Inc. bought a 226,429-square-foot, concrete block warehouse on 29.7 acres at 550 Marshall Phelps Road from a limited liability company tied to Hartford-based Sardilli Produce & Dairy Co.

The sale was recorded Sept. 12.

The Sardilli-affiliated LLC paid $9.5 million for the warehouse nearly five years ago.

In 2019, representatives of Hartford-based Sardilli told Windsor officials the company planned to invest millions into the Marshall Phelps Road facility as a prelude to a move out of Hartford. At the time, Sardilli said it would add to the Windsor property a fueling station, refrigerated processing and storage areas, and vehicle maintenance building.

The property was listed by Jason Grunberg and Jake Torre of New York-based SAB Capital, working with Hartford-based Sentry Commercial.

According to SAB’s listing, the property includes 178,601 square feet of warehouse space and 47,828 square feet of office space, as well as 27-foot-tall ceilings, eight dock-high doors and one drive-in bay.

A “logistics” tenant occupies 62,500 square feet of the building, with a lease that expires in February 2027, according to the SAB listing.

On its website, Bodum says its aim is to bring “high-quality coffee and tea solutions and household accessories to everyone, in line with your values.”

Peter Bodum launched a glassware importation company in Copenhagen, Denmark in 1944. In the early 1950s, he produced the company’s first affordable vacuum coffee maker.
The company later moved to Switzerland. In the 1980s, the company began opening retail outlets internationally, with shops in Paris, Copenhagen, Zurick, Lucerne, Tokyo, Sydney, Lisbon, Auckland and New York. 

As of 2016, BODUM products were sold in 55 countries and seven BODUM-exclusive stores and could be found in many shops around the world, according to the company website. 

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