News: Front Section
Posted: July 14, 2023
O’Hara of Coldwell Banker Commercial brokers $7.35m sale to CoreOne Industrial
East Granby, CT Chris O’Hara SVP, of Coldwell Banker Commercial, brokered two neighboring manufacturing buildings totaling 82,386 s/f located at 5 and 18 Connecticut South Dr., sold for $7.35 million. The sellers were 5-18 Connecticut Real Estate Holdings Company, LLC.
The current tenant Overhaul Support Services will remain in the properties on a long-term lease. Overhaul Support Services (OSS) is an AS9100 and AS9110 certificated aerospace MRO facility as well as an FAA and EASA certificated repair station specializing in overhauling critical helicopter components. Overhaul Support Services was established in 2000. The facilities are minutes from Bradley International Airport and are located in the state’s largest concentration of aerospace companies. Neighbors include; Barnes Aerospace, MB Aerospace, AMK Hydraulic, and Arbon Equipment.
The buyer, CoreOne Industrial, LLC (CoreOne) an industrial real estate investment company headquartered in Darien, CT is a privately held real estate investment firm specializing in the acquisition, management, and redevelopment of performing and underperforming properties in the United States.
Coldwell Banker Commercial was the only broker in the transaction.
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