JLL Capital Markets closed the sale of 555 Nutmeg Road N in South Windsor, Connecticut
News release
16 February 2023
Sale of 120,000 SF single-tenant warehouse in South Windsor, Connecticut closes
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MORRISTOWN, N.J., Feb. 16, 2023 – JLL Capital Markets announced today that it has closed the sale of 555 Nutmeg Road N, a 120,000-square-foot single-tenant warehouse with excess land in South Windsor, Connecticut.
JLL represented the seller, a private group of investors led by Jacob Entel of Nexjen Real Estate, in the sale to Snowball Developments LLC, a NYC-based private investor with a growing portfolio of nine light industrial properties in the Tri-State region.
The property is fully occupied by one of the largest wholesale tire distributors in the U.S. The warehouse is situated on approximately 12 acres and features 25’ clear heights, eight loading docks, five drive-in doors. The property also includes excess acreage to potentially expand the existing warehouse or for the opportunity to lease outdoor storage.
555 Nutmeg Road N benefits from its proximity to the region’s highway network, including Interstates 91, 84 and 90, CT-190 and CT-15. As a result, tenants can access the Northeast Corridor, Boston and New York City within a two-hour drive. In addition, Bradley International Airport is 20 minutes from the warehouse which provides regular cargo services.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Managing Directors Marc Duval and Jordan Avanzato, Directors Nicholas Stefans and Josh Stein and Senior Managing Director Jose Cruz. In addition, Tom DiMicelli of JLL’s Leasing team was involved in the transaction.
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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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.