MORRISTOWN, NJ, August 17, 2022 –JLL Capital Markets today announced the closing of the sale of 293 Ella Grasso Turnpike, an 85,000 square foot industrial warehouse in Windsor Locks, Connecticut.
JLL marketed the property on behalf of Sapient Equities.
293 Ella Grasso Turnpike is fully occupied by Iron Mountain Information Management, a subsidiary of Iron Mountain. Sitting on 4,746 acres, the property is located near Interstates 84 and 91, as well as many US and State highways, such as US-5, US-44, and CT-2. As a result, most of the Northeast can be reached in less than two hours, including Boston, Providence, Manhattan, Springfield, and Stamford. 293 Ella Grasso Turnpike is also adjacent to Bradley International Airport. Additionally, the property features ceiling heights of up to 31 feet, 28 tailgate-height loading docks, and a rail spur.
The JLL Capital Markets sales and investment advisory team representing the seller was led by Jordan Avanzato, Marc Duval, Nicholas Stefans, Michael Restivo, Jose Cruz, Marion Jones and Josh Stein.
“Over the past 24 months, we’ve seen Connecticut’s industrial market grow rapidly and attract domestic e-commerce-focused companies due to the well-established job market, affluent demographics, and excellent position to access both at MSA in New York and Boston,” says Avanzato.
JLL Capital Markets is a global, full-service provider of capital solutions for property investors and occupiers. The firm’s in-depth knowledge of the local market and global investors provides the best solutions for clients – be it investment and sales advisory, debt advisory, equity advisory or recapitalization. The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.
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