Kimball Midwest Acquires Industrial Property In Newtown, CT For $4.4M

A 41-acre industrial property located at 14 Prospect Dr in Newtown, CT has been sold for $4,400,000. The property spans 142,000 square feet, resulting in a price per square foot of $31. The transaction took place on September 17, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,400,000
• Address: 14 Prospect Dr, Newtown, CT
• Market: Newtown, CT
• Acres: 41
• Price Per Acre: $107,317
• Square Footage: 142,000
• Price Per Square Foot: $31

The buyer in this transaction is Kimball Midwest, represented by Pat McCurdy. The seller's representatives are Louis Zuckerman and Patrick Colwell of CBRE. Bruce Wettenstein of Vidal/Wettenstein acted as the buyer's representative.