Windsor industrial building sells for $12.33M
Courtesy
601 Marshall Phelps Road, Windsor
A 124,560-square-foot light manufacturing building in Windsor has been sold by one Manhattan-based investment firm to another for $12.33 million.
In a deed recorded April 10, a limited liability company tied to investment firm TPG Angelo Gordon sold the 1981-vintage, single-story industrial building on 40.5 acres at 601 Marshall Phelps Road to New Mountain Capital.
The building is leased by Chromalloy, a company that provides coatings, repairs and parts for gas turbine engines used in energy, aerospace and defense applications.
New Mountain Capital, with its affiliates, manages private equity, credit and net lease capital with aggregate assets under management of approximately $55 billion, according to its website.
The limited liability company that sold 601 Marshall Phelps Road had acquired the property for $9.95 million in 2018, according to town records.
TPG Angelo Gordon emerged after the 2023 acquisition of Manhattan-based Angelo Gordon by TPG Inc., a San Francisco-based alternative investment firm. From that point forward, Angelo Gordon would operate as TPG Angelo Gordon, a $74 billion diversified credit and real estate investing firm within TPG. At the time, TPG reported management of $213 billion in assets.
TPG’s purchase of Angelo Gordon involved more than 500 properties, including 601 Marshall Phelps Road, according to CoStar.
Most Recent
Most Recent
0 Comments