Metropolitan Realty Associates Acquires Industrial Property In South Windsor, CT For $50M

The industrial property located at 456 Sullivan Avenue in South Windsor, CT was recently sold in a transaction valued at $50,000,000. The property spans 304,249 square feet, resulting in a price per square foot of $164. The sale took place on 02/23/2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $50,000,000
• Address: 456 Sullivan Avenue, South Windsor, CT
• Market: South Windsor, CT

The seller of the property was FEM Sullivan Road LLC, while the buyer was Metropolitan Realty Associates, represented by Joseph Farkas, and Clarion Partners through its Clarion Partners Real Estate Income Fund (CPREIF), represented by Gary Rufrano. The brokers involved in the transaction were Matt Berres and Samer Khalil from Newmark.