GTJ REIT, a public non-traded real estate investment trust based in West Hempstead, NY, has acquired an industrial property at 110 Old County Circle, Windsor Locks, CT.
The building is currently 100% leased and occupied by Ford Motor Company. Terms of the transaction were not disclosed.
The 226,661 s/f industrial property sits on 15 acres of land in Windsor Locks, a Connecticut suburb located in Greater Hartford’s north submarket, a premier location for Connecticut’s distribution tenants.
Also included in the transaction is an additional vacant seven-acre parcel, adjacent to the property.
The deal is the first for GTJ since its merger with the former Wu/Lighthouse Partners in January, 2013.
As part of the merger, GTJ acquired ownership interests in a portfolio of 25 commercial properties located in New York, New Jersey and Connecticut, adding to an existing portfolio.
In total, GTJ now owns 33 properties consisting of more than three million square feet on 220 acres of land.
GTJ is run by CEO Paul Cooper, president and COO Louis Sheinker, and CFO Joel Hammer. Sheinker said the REIT plans to be very active on the acquisition front, “pursuing strategic growth opportunities across the region.”