Colliers Hartford is pleased to announce the sale of The David Associates Connecticut Portfolio. Ian Hunt, Nick Morizio, and John Cafasso represented the seller in the transaction.
The 200,950 SF portfolio traded hands for $13,250,000 and is comprised of industrial and flex properties located at 111-121 Roberts Street in East Hartford, 125 McKee Street in East Hartford, and 480 & 570 Hayden Station Road in Windsor. The stabilized portfolio boasted an overall occupancy of 90% and generated multiple competitive offers. “The investment market in central Connecticut remains robust,” says Ian Hunt of Colliers, adding that “we worked with our client to position the portfolio for a sale at an attractive price level and the market responded. We look forward to working alongside the buyer to generate additional alpha going forward.” The buyer is a private investor based in New Jersey.
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