Windsor, CT — Frank Hird, SIOR and Carol Karney of O,R&L Commercial, LLC brokered the Long-Term Lease of 123 Day Hill Road, Windsor, CT. The 330,000 square feet industrial building sits on 52 acres and will was leased to Specialty Printing, a company who prints labels for everything from prescription bottles to groceries and beer cans. The building offers 267,480 square feet of manufacturing space and 62,520 square feet of office (flex) space, and has nine exterior and four internal docks, nine drive-in doors and multiple overhead cranes. The property which has only been on the market for 6 months, was most recently occupied by international contractor Permasteelisa. There have been multiple inquiries from companies interested in occupying portions of the building, according to Frank H. Hird, SIOR, vice president of O,R&L Commercial, but Industrial Realty Group, the building owner, preferred to lease to a single tenant. The lease represents a major growth for Specialty Printing.
Frank Hird, SIOR and Carol Karney from O,R&L represented IRG, who owns over 100 million SF of industrial properties across the US, with multiple buildings represented by O,R&L in Connecticut. With any large property like this, it takes a lot of teamwork to get a deal completed, according to Hird. The IRG team included Director of Real Estate Services Onno Steger, Senior Portfolio Manager Todd Ryder and Project Manager Dave Mase and Specialty’s search team included CEO William Bailey and VP of Finance Joseph O’Brien as well as James Panczykowski, senior managing director of Jones Lang LaSalle Brokerage, Inc.
Specialty Printing, family owned and operated since 1978, describes itself as one of America’s most diversified manufacturers of pressure sensitive labels and related products with its labels, packaging, tags and electronic signs found in retail stores, grocery stores, medical facilities, restaurants, distribution centers, post offices and warehouses nationally. Visit online at http://specialty.inc.
The company plans to completely move its manufacturing, distribution and headquarters from 3 buildings totaling 150,000 SF in East Windsor by the end of the year. It will immediately occupy 220,000 SF at 123 Day Hill, with room for expansion and anticipated growth, according to Joseph O’Brien, Specialty’s vice president of finance. “We continue to add capacity,” O’Brien said. “We continue to grow the business. This is a big step forward for us.” Specialty has indicated that this will be the largest label plant in the Northeast U.S.
In addition to its East Windsor operations, the company runs a tech office in Tampa, Florida, and a support office in Troy, Ohio. The out-of-state offices will not be impacted by the move, O’Brien said.
The move will lead to the elimination of some redundant positions, but Specialty is hoping to use displaced staff to fill some open positions, O’Brien said. The 300-employee company is consistently looking for staff and currently has about 20 open positions, he said.
O,R&L Commercial, LLC with offices in Branford and Rocky Hill represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.
O,R&L Integrated Services is a full service real estate firm that specializes in Commercial Real Estate Brokerage, Commercial Construction, and Facility Management and Maintenance. For additional information on this sale or other transactions you may contact O,R&L Commercial at 860-721-0033 or 203-488-1555 and for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.
