Shelbourne doubles 2016 investment in Newington industrial property with $45M sale
New York-based real estate developer and investor Lightstone has paid $45 million for a 622,262-square-foot industrial building and two vacant parcels in Newington. Shelbourne Newington LLC – an investment vehicle of New York-based real estate investment and development firm Shelbourne – sold its majority stake in the properties at 301, 311 and 353-407 Alumni Road to 475 Willard Associates LLC in a sale dated May 26 and recorded by the town on June 20.
Source: hartfordbusiness.com