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June 30, 2022

Winstanley pays $22.5M to buy out partner’s interest in nearly 94 acres of Great Pond Village in Windsor

Courtesy of JLL Target Corp. will occupy a scaled-down version of this distribution center planned in Windsor.

Winstanley Enterprises recently paid $22.5 million to buy ABB Combustion Engineering’s interest in nearly 94 acres in the two companies’ joint Great Pond Village Development in Windsor.

The $22.5 million price was recorded in online town land records, attached to the deed recorded June 24.

Missouri-based NorthPoint Development plans to build a 750,000-square-foot logistics center on those grounds and has agreed to a 75-year lease, with option to purchase the property from Winstanley, according to Winstanley spokesman Matthew Watkins.

NorthPoint aims to break ground this summer, Watkins said.

The property, identified as 500 Groton Road, lies within the larger, 653-acre Great Pond Village. It is a mixed-use development combining large-scale residential development with industrial and commercial buildings. Town officials and Winstanley have settled a master plan to redevelop what was once an industrial campus for ABB Combustion.

The site once served as a testing facility for nuclear propulsion, as well as a center of production of nuclear fuel for submarines. Following a roughly $150 million cleanup, ABB picked Winstanley as a development partner and master developer in 2008. Winstanley received an undisclosed interest in the resulting property value.

Redevelopment began with an upscale 230-apartment development completed in 2019 and then hit a burst of energy over the past six months, with the announcement of plans for NorthPoint’s development, a Verizon data center and a pharmaceutical development center.

Winstanley recently launched $14 million in road and infrastructure work at Great Pond Village, including the creation of Groton Road. The company built a temporary road to the nearly 94-acre building site for NorthPoint, in order to allow construction to begin. 

Adam Winstanley, a principal of the family-run company, confirmed its plans to build 180 “starter homes” for rent in a section of Great Pond. The development will be packed with amenities, including a pool, clubhouse, pickleball courts and more. Crosskey Architects, of Hartford, has been hired to design plans.  Adam Winstanley said this project will begin in spring 2023.

JLL announced in April that it had been selected by NorthPoint as leasing agent for the planned 750,000-square-foot, “state of the art” logistics facility at Great Pond Village. At the time, JLL said construction would begin in June and wrap-up in April 2023.

The warehouse was reportedly being built on speculation, without a secured end user. It was to feature 40-foot-tall ceilings, 75 dock doors, parking for 150 trailers and 588 cars.

Attempts to reach a NorthPoint representative this week were unsuccessful. 

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