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Colliers Brokers $13.25 Million Industrial/Flex Portfolio Sale

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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.

About Colliers 

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at  corporate.colliers.com, Twitter @Colliersor LinkedIn.