The building at 55 Old Ridgebury Road in Danbury, Conn., recently sold as part of an industrial portfolio that inculded three other properties.

DANBURY — The buildings at 55 Old Ridgebury Road were recently sold by The Hampshire Cos. to a private buyer as part of a four-building industrial portfolio sale.

The portfolio includes two structures at 55 Old Ridgebury Road as well as two separate buildings in Berlin. The main structure in Danbury is a 42,500-square-foot research and development building being utilized as a data center by industrial gas company Praxair. The 5.2-acre property also includes a 3,000-square-foot structure.

 The full price of the portfolio was not disclosed, but the sale of 55 Old Ridgebury Road brought $10,875 in conveyance taxes to Danbury and $10,875 to the state.

The portfolio also includes buildings of 50,354 and 22,138 square feet in Berlin. The portfolio totals 117,992 square feet.

“The scarcity of stabilized investment offerings in Connecticut further highlights the value of this portfolio and we were able to capitalize on this opportunity,” Igor Derbaremdiker, director of dispositions for The Hampshire Cos., said in a statement. “The strong interest from the investor community coupled with a still-conducive interest rate environment matched perfectly with our disposition strategy related to this portfolio.”

Pat Mulready and John McCormick of CBRE New England represented The Hampshire Cos. in the transactions. The buyer is listed in records at Danbury City Hall as Ball-55 Old Ridgebury Road, LLC.


Read more: http://www.newstimes.com/business/article/Danbury-buildings-part-of-industrial-portfolio-12360286.php

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