News: Connecticut

New England Tradeport: An abundance of first class industrial buildings, shovel ready sites and raw land

If your business seeks industrial space in a best in class building, a "shovel ready" site, or a small to large un-entitled parcel for build-to-suit development, all within a premier business park, and with a development partner that is experienced in delivering premium industrial facilities, then the New England Tradeport business park and its owner/developer, Griffin Land, is the optimal choice. New England Tradeport New England Tradeport is a 600-acre industrial business park located near I-91 in the towns of Windsor and East Granby. The park offers an array of strategic advantages, including: * Four lane access to/from I-91, and only a short drive to I-90 and I-84 * Easy trucking distances to: - One-third of U.S. markets - Two-thirds of Canadian markets. * Adjacent to Bradley International Airport * Abundant labor force * Bus transit commuting alternatives * Moderately priced area housing inventory * State and municipal economic development incentive packages * Well capitalized and stable ownership * Industry award winning park, buildings and management team It is for these advantages that New England Tradeport is home to some of America's top companies, including AAR, Domino's, Eaton Corporation, FedEx, Marcone, Matheson, Pepsi, Pitney Bowes, UPS, Tire Rack, Velux, Walgreen's and Westinghouse. Premiere Industrial Warehouse Space Available A wide collection of high bay industrial space options are available for lease within New England Tradeport's 15 existing buildings, with sizes ranging from 5,000 to 130,000 s/f. Building features include: * 26 to 30 ft. clear heights * 45 to 50 ft. column spacing, with a variety of shallow and deep bay alternatives * All masonry construction * ESFR sprinkler system * Deep truck courts * Surplus trailer parking areas Shovel Ready Sites Four "shovel ready" sites are currently available within the park, with approved building formats of approximately 120,000, 128,000, 139,000 and 240,000 s/f, respectively. Griffin Land is prepared to construct either its prototypical building or a user's specific facility on a pre-lease or build-to-suit basis. The four sites are what remain from planning initiatives that began in 2007 to expand the New England Tradeport from ten existing buildings totaling approximately 900,000 s/f, to today's combination of 20 buildings and approved sites totaling 3.3 million s/f. Much of this expanded capacity was absorbed by users including Walgreen's and The Tire Rack, each of which located large format facilities within the park. However, additional un-entitled land is available within the park's boundaries to expand this "shovel ready" capacity further. Build-to-Suit Development More and more companies are electing to have facilities constructed on a build-to-suit basis. New England Tradeport also offers this option, with numerous permitted and raw land sites available. In 2009, Griffin Land completed the construction and long-term lease of a 304,000 s/f warehouse that was built specifically for The Tire Rack Inc., a national distributor of performance tires and related products. The facility also has site approvals in hand for its expansion up to a total of 450,000 s/f. An additional 185 acres of un-entitled land is available within Tradeport to address an increasing interest in small to large format build-to-suit development. Griffin Land is the real estate division of Griffin Land & Nurseries, Inc. The real estate business is comprised of the ownership, construction and management of commercial and industrial properties, and the development of residential subdivisions on real estate owned by Griffin in Conn., Mass. and the Lehigh Valley region of Pa. Griffin is one of the largest private landowners in the region with approximately 4,000 acres in the Connecticut River Valley. Griffin is the award winning developer of over three million s/f of commercial space; approximately two-thirds of which it has retained ownership. Two of Griffin's largest business parks are Griffin Center, located in Windsor and Bloomfield, Conn. and New England Tradeport, located in Windsor and East Granby, Conn. Tim Lescalleet is senior vice president at Griffin Land, Bloomfield, Conn.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary