190K SF distribution center in Manchester, CT changes hands

BOSTON, Apr. 28, 2025 – JLL Capital Markets announced today it secured the $12 million sale and acquisition financing for 100 Sanrico Drive, a 190,646-square-foot distribution facility in Manchester, Connecticut.

JLL represented the seller, SkyREM, in the sale to B&D Holdings. Sentry Commercial and Silver Edge Real Estate represented the buyer. Working on behalf of the new owner, JLL also arranged a fixed-rate, five-year acquisition loan through Ameritas.

Located on 10.01 acres within the Manchester Industrial Park, the Class A warehouse features up to 45-foot clear heights, 24 loading positions and 40- by 65-foot column spacing. The property is 100% occupied by a credit tenant.

The distribution center offers seamless access to I-84, I-91 and Route 44, providing connectivity to business and population hubs. It is situated in Hartford County, which serves 41 million people within a four-hour drive, at a significantly lower cost basis than neighboring markets such as Boston, New York and New Jersey.

The JLL Capital Markets Investment Sales team was led by Managing Director Michael Restivo, Director David Coffman and Analyst Ali Howard. The JLL Capital Markets Debt Advisory team was spearheaded by Senior Director Max Custer, Managing Directors Amy Lousararian and Thomas E. Didio, Jr. and Analyst Christian Badalamenti.

"100 Sanrico Drive represented a prime investment opportunity to take advantage of affordability without relinquishing quality and accessibility," said Restivo. "With its strategic location, high-quality tenant and state-of-the-art features, this asset is well-positioned to benefit from the continued growth in e-commerce and logistics demand. The Hartford area's low vacancy rates and limited new supply make this a particularly attractive acquisition."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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SkyREM, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States. As a principal for its own account, Sky is actively acquiring throughout the United States. To learn more about SkyREM please contact Marc Civitillo or James Pancetti at 212-888-6920, or visit www.skyrem.com

Driven by a legacy of entrepreneurial spirit, philanthropic values, and deep industry knowledge, B&D Holdings unlocks value within the industrial space, specializing in Shallow Bay and IOS, by forging lasting partnerships with tenants and investors, sourcing attractive investments, achieving outsized returns, and delivering multi-faceted real estate solutions. With careful and creative management, we are focused on the strategic growth of our portfolio, increasing returns for our investors and income for the foundation and our various entities, while facilitating the appreciation of our assets over the long term.

Ameritas is a marketing name for Ameritas Mutual Holding Company and its affiliated subsidiary companies, including Ameritas Life Insurance Corp. and Ameritas Life Insurance Corp. of New York. Founded in 1887, Ameritas offers a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability income insurance; group dental, vision and hearing care insurance; retirement plans; investments; asset management; and public finance. Securities offered through affiliate Ameritas Investment Company LLC., member FINRA/SIPC and investment advisory services offered through the business name of Ameritas Advisory Services.