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North Haven Sells Industrial Bldg Sold for $10.5M

Calare Properties Acquires Distribution Center
January 24, 2018
Calare Properties, Inc., a Hudson, MA-based real estate owner, has acquired the industrial building located at 33 Stiles Ln. in North Haven, CT for $10.5 million, or about $60 per square foot, from Equity Commonwealth.

The 175,301-square-foot industrial building delivered in 1979 and was renovated in 2002. It sits on 14 acres in New Haven County and features a small office build-out, 13 loading docks and three drive-ins, 30-foot clear heights, 2,000-amp heavy power, a fenced lot, building signage and an external spur on Union Pacific Railroad.

David Hansen and Matthew O’Hare of CBRE-New England represented both parties during negotiations.

Please see CoStar COMPS #4097807 for more information on this transaction.
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