(SkyNewswire.com)--- Recently renamed Enfield Business Park, a world-class, five-building campus spread over 115-acres in the Hartford bedroom community of 46,000, is attracting new developments with statewide support.
“The strongest interest has been from those in alternative energy lines of business,” says Raymond Warren, director of the town of Enfield’s Economic Development Department. “Often times with vacant industrial buildings similar in size to those at Enfield Business Park, there are environmental problems. That’s not the case with the LEGO facilities. The site is in excellent working order. That substantially reduces the risk that any company has, and improves the timing of it because there isn’t damage to the existing buildings.”
“Eppendorf Manufacturing recently expanded their operations in Enfield,” continues Warren. “They had the choice to go anywhere in the world, and they looked at a number of places in the U.S. to site their operation. They committed to Enfield because of its easy access to Boston and New York as well as a reasonable labor supply in the area.”
Enfield Business Park features easy access to Interstate 91 and Bradley International Airport in nearby Windsor Locks. In addition to its location, the facility offers a combination of assets that includes solid infrastructure, a low-cost operating environment, and the proximity of a strong labor pool. Of the available facilities, the bulk is prime warehouse and distribution space. The distribution center features 48-foot ceilings, one of the highest clearances in the region, and 56 dock doors. The manufacturing facility features a 587,736-square-foot industrial property that can be easily subdivided to 56,000 square feet.
Last July, CODA Battery Systems, a joint venture between California-based Coda Automotive and Connecticut-based Yardney Technical Products, announced plans to produce ion batteries for electric cars at Enfield Business Park.
When in August President Barack Obama awarded $2.4 billion in economic stimulus money to advance the electric automobile industry, CODA Battery Systems was not among the winners. Of the 48 projects that received funding, only one was based in Connecticut. The lack of federal stimulus dollars ultimately scuttled the plan, but the help the project received from Connecticut’s congressional leadership and economic development team has positive implications for the future of the Enfield Business Park.
“It’s a rough economy out there, but I’m aware of several different projects that have come to Enfield Business Park to lift up the hood, so to speak, and see if the property will work for them,” says Warren.
Media Information:
For additional information or interviews related to this release, contact:
Eleanor Moriarty
Hackman Capital Partners, LLC
310-473-8900, ext 115
emoriarty(at)hackmancapital(dot)com
Leasing Information
For information about leasing space at 50 Independence Drive, contact:
Sean Duffy at Cushman & Wakefield
860-249-0900 or sean(dot)duffy(at)cushwake(dot)com
About Hackman Capital Partners, LLC
Hackman Capital Partners is a private real estate investment firm specializing in the acquisition, management, redevelopment and adaptive reuse of industrial and commercial real estate.
Founded in 1987, the company pursues value-added investment opportunities nationwide, and currently owns and manages more than 16 million square feet of real estate across the United States. Hackman Capital Partners is headquartered in Los Angeles, and has regional offices in Chicago and Kalamazoo, Michigan. For more information, visit www.hackmancapital.com.
About Calare Properties, Inc.
Calare Properties is a Massachusetts-based real estate investment manager that currently owns and manages more than 14 million square feet of distribution, manufacturing and office properties throughout the United States. Calare has made over $630 million in value-focused
real estate investments through several private equity partnerships. For more information, visit www.calare.com.
About KBS REIT
KBS REIT was formed by Peter Bren, President, Charles Schreiber, Chief Executive Officer and Chairman, Peter McMillan, Executive Vice President and Treasurer and Keith Hall, Executive Vice President. For more information, visit www.kbsreit.com.
About KBS Companies
Headquartered in Newport Beach, Calif., KBS Capital Markets Group (www.kbs-cmg.com) is the dealer manager for KBS REIT I and KBS REIT II. KBS Capital Advisors is the advisor for KBS REIT I and KBS REIT II. Both companies are affiliates of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS has completed transactional activity exceeding $16 billion via 19 separate accounts, six commingled funds and two private equity REITs. KBS has offices in Newport Beach, San Francisco, Chicago, Boston, Dallas, New York, Washington, DC, Atlanta and Los Angeles. For more information, visit www.kbsrealty.com.
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