Lakewood Associates LLC has sold a 140,000-square-foot industrial manufacturing building at 128 Old Brickyard Lane in Berlin to Glen Park Capital Partners, an affiliate of major downtown Hartford landlord Shelbourne Global Solutions, for $7 million.
Shelbourne announced the purchase and partial leaseback on Wednesday.
“The sale illustrates the high demand for industrial and flexible assets in CT and Shelbourne’s continued investment in Connecticut’s commercial and industrial assets,” the company said.
A 57,234-square-foot commercial printing facility at 205 Spring Hill Road in Trumbull has sold for $4.4 million.
Trumbull Printing sold the property to Glen Park Capital Partners LLC, an affiliate of Shelbourne Global Solutions LLC.
Trumbull Printing, a subsidiary of Hersam Acorn Newspapers - which published weekly newspapers in Fairfield County that were sold to Hearst in 2018 - will lease the building from Glen Park.