A developer is looking to build a 170,000-square-foot industrial building on Day Hill Road where two underutilized professional buildings now stand.
Day Hill Road LLC and Salvatore Campofranco bought two properties at 415 and 425 Day Hill Road from the Real Group II LLC in April 2022 for $1.2 million.
The sites contain one vacant and one mostly vacant building. Agents for the developer said plans also call for the purchase of a vacant adjacent lot at 505 Day Hill Road. The two buildings will be demolished and a 170,300-square-foot warehouse built on the 20-acre site.
With the commercial office market down, a company is proposing to replace two largely vacant office buildings in Windsor with a 470,000-square-foot warehouse.
Two industrially zoned properties in Windsor hosting office buildings and having a combined size of 13.7 acres recently sold for $1.2 million.
That is far under the value placed on the properties by the town’s assessor.
The Real Group II LLC, of Windsor, sold the 415 and 425 Day Hill Road properties to Day Hill Road LLC, in a $1.2 million deal logged by the town April 28, according to town records.
A Windsor industrial building anchored by pharmacy retail giant Walgreens has sold for $5.4 million, property records show.
The 62,080-square-foot property at 770-790 Marshall Phelps Road sold in March.
The buyer was Luzern Windsor LLC, whose principal is Salvatore Campofranco, owner of Connecticut real estate firm Luzern Associates LLC.
The seller was Real Group II LLC, whose principal is Craig W. Ferraina. He lists a Windsor business address.
Windsor industrial property sells for $5 4M hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.