Monday, January 13, 2014

HFF closes $42 million sale of Class A office building in Bristol, CT


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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