March 14, 2018 Comments Off on Sky Management Acquires Boston-NYC Corridor Industrial Portfolio Views: 3028 Connecticut, National News, Northeast

Sky Management Acquires Boston-NYC Corridor Industrial Portfolio

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New York-based Sky Management Services acquired three industrial assets totaling 788,000 square feet in Meriden and Cheshire, CT from an undisclosed financial institution. The portfolio included:

– 160 Corporate Ct., Meriden, CT: a 241,000-sqaure-foot facility features 27-foot ceiling heights and cross dock loading that is 100% leased to Sports Direct, the largest UK Sports Retailer
– 550 Research Pkwy., Meriden, CT: a 338,000-square-foot facility that is 100% leased to Medline Industries, the largest private provider of medical supplies and solutions in the U.S., and Fosdick Fulfillment, a global logistics company
– 611-617 West Johnson Ave., Cheshire, CT: a four building 209,000-square-foot industrial complex situated on 19.2 acres that is 52% leased, providing substantial upside with flexibility to capture a wide array of tenant demand

NKF Capital Markets’ Kevin Welsh, Brian Schulz and Jason Emrani, in collaboration with CBRE’s Matt O’Hare, represented a major financial institution in the sale. NKF’s Jordy Roeschlaub, Dustin Stolly and Robert Tonnessen also secured acquisition financing.

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