INDUS Sells 642 KSF Connecticut Industrial Park

February 17, 2026

JLL Capital Markets arranged the deal.

INDUS Realty Trust has divested a 641,631-square-foot shallow-bay industrial collection across Hartford County, Conn. JLL Capital Markets arranged the deal on behalf of the seller.

The assemblage comprises nine buildings that round up to approximately 71,292 square feet each, having a weighted average clear height of 25 feet, as well as a completion year of 1997.

The portfolio sits on nearly 85 acres, according to reporting by Journal Inquirer. It was 98 percent leased to 19 tenants at closing, including Tesla, FedEx and Wayfair. What’s more, a 2025 appraisal placed a $45.2 million value on the collection.

Located at the borders between East Granby, Conn., Windsor, Conn., and Bloomfield, Conn., the assemblage, dubbed the New England Tradeport Shallow Bay Portfolio, is adjacent to the Bradley International Airport, about 15 miles north of downtown Hartford, Conn. Interstate 91 runs within roughly 5 miles.

Additionally, the properties are within the Bradley Airport Development zone, which provides tax incentives to qualifying tenants, as well as the Foreign Trade Zone 71, which offers advantages for importers, exporters and logistics firms.

JLL Capital Markets Senior Managing Director John Huguenard, together with Managing Director Michael Restivo, Senior Director David Coffman and Director Tommy Hovey, brokered the deal on behalf of INDUS. Managing Director Shawn McMahon will continue providing leasing services.

This sale marks the first INDUS industrial divestment in more than a year, according to Yardi Matrix. It also lands after an investment-fueled 2025 for the company. During the past year and the first month of 2026, the company acquired five assets totaling 1.9 million square feet in Atlanta and Phoenix. At the end of January, it owned 81 properties comprising 15.5 million square feet.

Bridgeport industrial sales drops below pre-pandemic levels

Bridgeport-New Haven’s industrial sale volume clocked in at $286 million in 2025, marking a slight 14.6 percent annual decline, according to Yardi Matrix data. This softening brought the figure below the five-year pre-pandemic annual average of $304 million.

One of the deals that closed in 2025 was NorthPoint Development’s acquisition of the Baker Hollow Logistics Center, a 165,625-square-foot warehouse in Windsor. UBS Realty Investors and Condyne Capital Partners sold the asset for $25.3 million.