Winstanley Acquires 289,000 SF Industrial Building in East Windsor, CT
In December 2018, Winstanley Enterprises acquired 97 Newberry Road, a 289,000 SF industrial building on 39.4 acres in East Windsor, CT. The building is fully leased on a long-term basis to Lincoln Technical Institute which offers curriculum in high-demand, trade-related skills such as automotive, welding, HVAC, and computerized-manufacturing repair and maintenance. Lincoln also partners with national companies, such as Audi, for brand-specific training.
The Property is less than two miles east of Interstate 91, providing immediate access to north-south trucking routes between NYC, Hartford and Montreal via I-84, I-91 & I-95, as well as a nearby connection to Interstate 90 which runs east-west between Boston and Albany/ Upstate New York.
Winstanley previously owned the 97 Newberry property, originally signed the lease in 2004 with Lincoln Technical’s predecessor, then sold the stabilized asset in 2006 as part of a portfolio sale. Winstanley is thrilled to again have this high-quality asset in its growing central Connecticut industrial portfolio.
Built in 1988 and renovated in 2005, the structure consists of steel-framing and insulated metal panels, with glazed curtain wall in the office area. The building features 40’ x 40’ column spacing throughout, 24’ clear height in the 230,000 SF warehouse, 20’ clear height in the front 60,000 SF office area, and 609 parking spaces.