Inglese Negotiates Sale Leaseback on 174,000 sf Facility
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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.