Walmart Affiliate Acquires Industrial Building In East Hartford From Jacques Chappuis For $212 Million

An industrial asset located at 475 East Hartford Boulevard North in East Hartford, CT, has been sold for approximately $212 million. The property spans 2,500,000 square feet, translating to a price per square foot of $85. The transaction involves part of the East Hartford Logistics & Technology Park, which was completed in 2024.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $212,000,000
• Address: 475 East Hartford Boulevard North
• Market: East Hartford, CT
• Square Footage: 2,500,000
• Price Per Square Foot: $85
• Buyer: Affiliate of Walmart
• Seller: Jacques Chappuis - PGIM & National Development

The deal was facilitated by an affiliate of Walmart, who has acquired this industrial building from Jacques Chappuis, representing PGIM and National Development, completing a significant transaction in the area.