In a highly competitive Hartford County commercial real estate market, Jennings Real Estate Services represented the buyer in a $14.96 million industrial property acquisition, enabling Bodum USA Inc. to secure an ideal facility for expansion. This case study explores how Jennings’ expertise in the Windsor CT commercial property market played a pivotal role in facilitating this major purchase for an international manufacturer.
Windsor CT Industrial Real Estate Project Overview
- Property Type: Industrial Warehouse in Windsor, Hartford County, CT
- Location: 550 Marshall Phelps Road, Windsor, Connecticut
- Property Size: 226,429 square feet on 29.7 acres
- Sale Price: $14.96 million
- Buyer: Bodum USA Inc.
- Seller: LLC affiliated with Sardilli Produce & Dairy Co.
- Transaction Date: September 12, 2024
The Challenge: Finding the Right Industrial Property in Hartford County, Connecticut
Bodum USA Inc. required a high capacity, strategically located industrial warehouse to support its expanding distribution network in the U.S. market. The challenge involved identifying a facility that met strict requirements for both warehousing and office space, while also providing long-term expansion potential.
Jennings’ Solution: Leveraging Commercial Real Estate Expertise in Windsor CT
Jennings’ deep market knowledge allowed them to pinpoint the 550 Marshall Phelps Road property, which offered an ideal balance of warehousing and office space. Leveraging their negotiation skills, Jennings secured favorable terms in a market where large industrial properties are in high demand. The Jennings team:
- Conducted a comprehensive analysis of available industrial properties in Hartford, County
- Identified the 550 Marshall Phelps Road warehouse as an excellent fit
- Negotiated effectively to secure a favorable deal in the competitive Hartford County market
- Managed the complex commercial property acquisition process
Windsor CT Warehouse Details: A Prime Industrial Real Estate Opportunity
The acquired property offers several advantages in the Windsor commercial real estate landscape:
- 226,429 square feet of total space in a prime Windsor location
- 178,601 square feet of warehouse space
- 47,828 square feet of office space
- 27-foot-tall ceilings, ideal for industrial use
- Eight dock-high doors and one drive-in bay
- 29.7 acres of land, providing ample space for future expansion
Results: Successful Large-Scale Industrial Real Estate Transaction in Connecticut
The $14.96 million acquisition positions Bodum for enhanced logistical capabilities, and Jennings’ adept management of the process ensured a smooth and successful closing. With a facility equipped for future growth and value appreciation, Bodum is well-poised to expand its U.S. operations, reflecting Jennings’ skill in identifying high-potential commercial real estate.
Key outcomes of this commercial real estate transaction include:
- Completion of a $14.96 million deal in the competitive Hartford County market
- Acquisition of a property with substantial value appreciation potential
- Secured a facility with existing logistics infrastructure
- Positioned Bodum for continued growth in the Connecticut commercial real estate landscape
Jennings Excels in Windsor CT Commercial Real Estate Brokerage
This case study demonstrates Jennings Real Estate Services’ capability to handle high-value commercial real estate transactions in Windsor, Hartford County and beyond. By successfully representing Bodum USA Inc. in this significant industrial property acquisition, Jennings Real Estate once again proved its expertise in navigating complex real estate deals in the Connecticut market.
Looking for commercial real estate in Hartford County, Northern Connecticut or Massachusetts? Contact Jennings Real Estate Services today at (413) 731-7770. Let us help you find the perfect commercial property for your business needs.