Inglese Negotiates Sale Leaseback on 174,000 sf Facility
June 2021– Steven Inglese, principal of the New Haven Group announced today the sale of 350 Knotter Drive in Cheshire, CT. The deal was a sale leaseback of a 174,000 sf high tech manufacturing building on 74 acres located in Cheshire, CT. The site sits in the Cheshire Industrial Park, just off I-84 and I691. The seller, a wire manufacturing company, leased back the facility on a long term basis. This type of transaction has become a popular way of financing a company’s business in alternative fashion. The site was marketed to a wide array of regional and national investors and REITs. The property sold to a national REIT.
The New Haven Group has become a leader in sale leaseback transactions in Connecticut over the past 10 years. The company has represented a wide array of companies in selling their facilities throughout the United States.
A video of the property can be viewed by clicking Here.