 |
| 383 Middle Street, Bristol, CT |
 |
| Jose Cruz |
FLORHAM PARK, NJ – HFF announced it has closed the sale of 383
Middle Street, a 410,174-square-foot, state-of-the-art facility located in
Bristol, Connecticut.
HFF marketed the property on behalf
of the seller, Winstanley Enterprises, LLC.
Inland Real Estate Acquisitions, Inc. purchased the asset for $42
million.
383
Middle Street is situated on 36.9 acres in the Southeast Bristol Business Park,
about 14 miles southwest of downtown Hartford via Interstate 84.
 |
| Andrew Scandalios |
The property is
fully leased to a leading sports entertainment company that is headquartered
nearby and includes an outparcel fully leased to a credit union. Extensively renovated in 2004, the property
features a new cafeteria (2009), new building systems and a data center.
The
HFF investment sales team representing the seller was led by senior managing
directors Jose Cruz and Andrew Scandalios, managing directors Kevin
O’Hearn and Jeffrey Julien and associate director Steve
Simonelli.
 |
| Kevin O'Hearn |
According to Cruz, “Matt Tice, vice president of Inland Real
Estate Acquisitions, has successfully completed another transaction with both
the seller and with HFF.”
“Inland’s ability to perform on these types of transactions
is one of the reasons why they are a preferred national buyer,” added Cruz.
Winstanley Enterprises, LLC is a real estate investment and development
firm that currently owns and operates 43 buildings totaling approximately 5.5
million square feet throughout the Northeast.
Since the early 1990s,
 |
| Jeffrey Julien |
Winstanley has acquired in excess of 80 properties exceeding
10 million square feet of real estate throughout the eastern United
States. The portfolio currently
consists of a wide variety of commercial properties, including
industrial/warehouse, R&D, office, biotechnology lab and retail properties.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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