MRA along with its joint venture partner, Clarion Partners, has acquired a Class A industrial property in South Windsor, Connecticut. The single-story state-of-the-art distribution center is 100% leased to FedEx Ground Package System, Inc. (“FedEx”), the fastest growing subsidiary of FedEx Corporation. The original 224,061 SF Property was constructed in 2012; FedEx executed an expansion in 2015 to increase the facility by an additional 80,188 SF. The Property consists of pre-engineered metal construction with masonry finishes and sits on approximately 63.5 acres of land. The Property features 31.5’ clear height, 42’ x 48’ column spacing, 99 dock doors, and ample parking with 72 trailer spaces, 75 long-trailer spaces, and 344 car parking spaces (1.13/1,000 sf).
456 Sullivan Avenue is conveniently located along the I-84/I-91 corridor, a regional distribution market with tenants including, but not limited to, Amazon, Home Depot, Honda, Aldi, Trader Joe’s, and Coca-Cola. The Property provides easy access to Hartford (12 miles), Providence (68 miles), Boston (97 miles) and New York City (132 miles).