South Windsor Commercial Purchases Valued At $44 Million

SOUTH WINDSOR, CT — A commercial real estate company with major holdings in the region has valued two buildngs purchased in South Windsor at $44 million.

Winstanley Enterprises on Friday disclosed the purchase price for 460,000 square feet of commercial space. They are located at 135 and 175 Sullivan Avenue, were purchased for $44 million.

Situated on over 30-acres, the properties were constructed in 2015 and consist of a 292,000
square foot dry goods distribution center leased to Mobis Parts of America (a wholly owned subsidiary of Hyundai MOBIS) and a 168,000 square foot cold storage distribution center leased to
Performance Food Group, Inc., a publicly traded foodservice company with $18 billion in annual revenues, Winstanley officials said.

Both locations will continue to operate as-is with Winstanley Enterprises as the new landlord.

"This not only adds two premier properties to our portfolio, but also expands our logistics platform which has been an active sector for us," said Adam Winstanley, a principal of Winstanley
Enterprises. "We feel strongly about the long-term viability of warehouse and distribution properties. Additionally, this is another location within the Interstate-91 corridor which is centrally located between New York and Boston, has favorable labor availability, and is within close proximity to airports and rail."

The purchase comes on the heels of Winstanley's 975,000 square foot lease to Ahold Delhaize (executed in December) at Winstanley's 2 million-square-foot Manchester distribution center.

Winstanley Enterprises LLC is one of the largest regional owners and operators of commercial
real estate in New England with 12 million square feet in its portfolio.