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CBRE arranges $8M industrial sale.


In one of the largest industrial sale transactions consummated in the Shelton, CT market in 2004, CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  has arranged the sale of 33 Platt Road. The 125,794 s/f industrial building was acquired by Elm Street Partners, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 for approximately $8.4 million or $70.38-per-square foot.

Michael Dillon For the professor of politics, see .
Laurence Michael Dillon (born Laura Maude Dillon, May 1, 1915 - May 15, 1962) was a British physician and the first female-to-male transsexual to undergo phalloplasty.
 and Sean Cahill of CBRE's Connecticut operations worked closely with Gary Lemire of the firm's Boston Investment Properties Group in arranging the multi-million dollar sale. The CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 team negotiated the sale on behalf of the seller, Paxtonville Corporation.

Centrally located in Shelton, CT, 33 Platt Road is currently fully leased to United Technologies Corporation, a $31 billion company whose products include Carrier heating and cooling (HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free ), Chubb security systems and industrial products, Otis elevators and escalators, Pratt & Whitney aircraft engines, Sikorsky helicopters and UTC Power fuel cells. Elm Street Partners acquired the stabilized asset for investment purposes.

"Elm Street Partners acquired a high-quality, stabilized asset in an extremely attractive and competitive market," said Mr. Dillon.

"By working closely with our colleague from the CBRE Boston office as well as the seller and buyer, we were able to negotiate sale terms that were extremely beneficial for all parties involved."
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U1CT
Date:Jan 12, 2005
Words:200
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