Binswanger brokers sale of 41,718 s/f industrial facility on four acres in Madison, CT
MADISON, CT – On behalf of Garrity Industries, Inc., Binswanger is pleased to announce the December sale of a prime 41,718 s/f industrial facility on approximately four acres. The property is located at 14 New Rd. in Madison, Connecticut and is less than one mile from I-95.
The buyer, Stone Heron, LLC purchased the property for $2,000,000. The property will become the new home of Pacuda Inc., which is relocating from Deep River, Connecticut.
Constructed in 1970 with expansions in the mid-1980’s and again in the mid-1990’s, the Garrity Industries building was one of the Shoreline’s premier and most recognizable industrial properties. Binswanger marketed the property on a local, national and international basis almost exclusively to end-users with the functional capabilities to use a building with this unique infrastructure and layout.
Jim Panczykowski, executive vice president in Binswanger’s New Haven, Connecticut office brokered the transaction for the seller.
Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.