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| Adam Winstanley |
The property was acquired for $122.3 million from German Investor Deka Immobilien Investment GmbH and is leased to Amazon on a long-term basis. The length and value of the lease was not disclosed.
It was part of the open-ended real estate fund Deka-ImmobilienGlobal. The 1,071,000 SF state-of-the-art fulfillment center, completed in 2014, is situated on an expansive 89.5 +/- acre site on Day Hill Road and offers convenient access to I-91 via Exit 38 (Poquonock).
The building offers 32’ clear heights and 50’ x 50’ column spacing, ideal for its use.
“This was an opportunity to add a large first-class warehouse building at an attractive and convenient location,” said Adam Winstanley, Principal of Winstanley Enterprises.
“We feel strongly about the long-term viability of warehouse and distribution properties, and because of that have continued to grow our portfolio in this sector.”
Winstanley has been at the forefront of building a prime warehouse portfolio through both acquisition and development in central Connecticut and Massachusetts where surging demand has continued due to compressed delivery timeframes.
This deal not only marks a substantial acquisition by Winstanley Enterprises but also ranks among Connecticut's major commercial real estate transactions for the year 2023.
Winstanley currently owns and operates close to 10 million SF of warehouse space in New England and provides onestop leasing to a wide range of warehouse and distribution users.
With a long-term lease with Amazon, the fulfillment center will continue to operate as-is.
Winstanley Enterprises LLC is a family-owned and operated commercial real estate company primarily focused in New England.
Winstanley owns and operates 12.5 million SF of commercial real estate and are one of the largest local landlords of commercial property in New England.
Contact:
Matt Watkins
Logan Trupiano
ltrupiano@watkinsstrategies.
Watkins Strategies
617-571-4582
www.winent.com.
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