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June 19, 2017 Deal Watch

West Hartford office-warehouse sold for $883K

PHOTOs | Contributed (Counter-clockwise from top left) 121 Talcott Road, West Hartford. 1640 John Fitch Blvd. and 75 Gerber Road, South Windsor. 557, 545 and 551 Stanley St., all in New Britain.

A West Hartford office-warehouse building sold recently for $882,500, brokers say.

Arthur Peterson and Linda Pountney sold the 24,164-square-foot building on 1.1 acres at 121 Talcott Road, near the West Hartford-Hartford border, to 121 Talcott Road LLC, said seller's broker Sentry Commercial.

The buyer was unrepresented.

S. Windsor space available

About half the space — 132,000 square feet — in a South Windsor distribution warehouse building is for lease, brokers say.

J&J's Tri-State Delivery Service Inc. occupies almost half the 256,000-square-foot building on 12.07 acres at 1640 John Fitch Blvd.

Of the space available, approximately 124,500 square feet is warehouse space that can be subdivided, said listing broker Sentry Commercial.

Previously, the building had been listed last fall as available for lease or sale at $6.95 million. The property is no longer for sale, Sentry said.

Built in 1970 and refurbished in 1987, it has 32 interior docks, parking for 100 vehicles, 15,000 square feet of office space, and rail service.

The asked rent is $2.95 a foot.

Ex-Gerber space for lease

A 61,230-square-foot portion of the former Gerber Scientific campus in South Windsor is for lease, brokers say.

Built in 1965 and refurbished in 1999, the air-conditioned industrial space at 75 Gerber Road West comes with four tailgate loading docks, one drive-in door and 2,662 square feet of expandable office space, according to co-listing brokers Sentry Commercial and Newmark Grubb Knight Frank.

The lease rate is $5 per square foot. The building's total size is 194,000 square feet.

TicketNetwork owns the building.

Four listed at $950K in N. Britain

A quartet of income-producing properties at three New Britain addresses are listed for sale for a combined $950,000, brokers say.

The four properties at 545, 551, 557 Stanley St. share the same owner, said Newington listing broker Reno Properties Group LLC.

At 545 Stanley is a three-story, three-family residential building with 6,192 square feet.

551 Stanley is a three-story, four-family building with 7,570 square feet.

557 Stanley is a two-story, 4,760-square-foot industrial-commercial building. It is fully air conditioned. In addition, the property contains an eight-bay garage building.

According to Reno Properties, the quartet have the potential to generate annual net operating income of $70,000 to $80,000.

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Gregory Seay is the Hartford Business Journal News Editor.

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