Windsor, CT – Winstanley Enterprises LLC announced it has acquired 200 Old Iron Ore Road in Windsor. The property was acquired for $122.3 million from German Investor Deka Immobilien Investment GmbH and is leased to Amazon on a long-term basis. It was part of the open-ended real estate fund Deka-ImmobilienGlobal.
The 1,071,000sf, state-of-the-art fulfillment center, completed in 2014, is situated on an expansive 89.5 +/- acre site on Day Hill Road and has access to I-91 via Exit 38 (Poquonock). The building offers 32 foot clear heights and 50 foot x 50 foot column spacing, ideal for its use.
“This was an opportunity to add a large first-class warehouse building at an attractive and convenient location,” said Adam Winstanley, principal of Winstanley Enterprises. “We feel strongly about the long-term viability of warehouse and distribution properties, and because of that have continued to grow our portfolio in this sector.”
This deal marks a substantial acquisition by Winstanley Enterprises; Winstanley currently owns and operates close to 10 million sq. ft. of warehouse space in New England and provides one-stop leasing to a wide range of warehouse and distribution users.
With a long-term lease with Amazon, the fulfillment center will continue to operate as-is.
