The new owner of greeting card maker Hallmark’s first big warehouse in Enfield plans to spend up to $4 million on expanding self-storage facilities and other upgrades to the building.
Massachusetts-based KBRC Realty sold the 363,568-square-foot warehouse on 14 acres at 53 Manning Road in May for $7.5 million. The buyer is a limited liability company controlled by Las Vegas-based real estate investment firm Patriot Holdings and investor Nikolas Chugay.
A 363,568-square-foot Enfield warehouse whose owner faced a string of troubles in recent years recently sold for $7.5 million.
The warehouse at 53 Manning Road was built in 1961 to serve greeting card giant Hallmark. It sold to Massachusetts-based KBRC Realty LLC in 2020 for $2.1 million.