News: Connecticut
Posted: November 17, 2011
Karney and Foote of O,R&L Commercial broker 42,500 s/f $1.05 million sale
Carol Karney and Steve Foote of O,R&L Commercial, LLC recently brokered the sale of 65 Spring Lane, a 42,500 s/f industrial building in Farmington Industrial Park, for a sale price of $1.05 million. Karney and Foote represented the seller, FTC Liquidation Company. The buyer, Turbine Technologies, was self-represented.
Turbine Technologies, an aerospace and power generation turbine engine component manufacturing company, has expanded to the point that its current facility at 126 Hyde Rd. is too small to efficiently accommodate its present and future business plans.
Due to this growth, Turbine Technologies has purchased the much larger facility at 65 Spring Lane and will be conducting its move between now and January 1, 2012. Production rates and deliveries will continue during this move and appear seamless to their many customers.
O,R&L is a full service real estate company with three divisions: commercial real estate brokerage, commercial construction, and facility management.
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