{"id":1004208507,"date":"2018-02-28T19:34:37","date_gmt":"2018-03-01T03:34:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004208507"},"modified":"2022-12-07T02:38:51","modified_gmt":"2022-12-07T10:38:51","slug":"ct-office-distribution-center-changes-hands-for-15m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ct-office-distribution-center-changes-hands-for-15m\/","title":{"rendered":"CT Office, Distribution Center Changes Hands for $15M"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004208510\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004208510\" data-attachment-id=\"1004208510\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ct-office-distribution-center-changes-hands-for-15m\/160-corporate-court-in-meriden-conn\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn.-e1519741839853.jpg\" data-orig-size=\"1208,907\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1519744407&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"160 Corporate Court in Meriden, Conn.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;160 Corporate Court in Meriden, Conn.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn.-e1519741839853.jpg?w=1024\" class=\"wp-image-1004208510 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn.-e1519741839853.jpg\" alt=\"160 Corporate Court in Meriden, Conn.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn.-e1519741839853.jpg 1208w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn.-e1519741839853.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn.-e1519741839853.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/160-Corporate-Court-in-Meriden-Conn.-e1519741839853.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004208510\" class=\"wp-caption-text\">160 Corporate Court in Meriden, Conn.<\/p><\/div>\n<p>Sky Management Services LLC has purchased the headquarters and main distribution center for Bob\u2019s Stores and Eastern Mountain Sports (EMS)\u2014both of which are owned by Sports Direct\u2014located in Meriden, Conn. The asset traded for $15 million in a transaction facilitated by a collaboration of Newmark Knight Frank (NKF) and CBRE.<\/p>\n<p>The property is located at 160 Corporate Court, adjacent to Interstate 91. Routes 15 and 66, as well as Interstate 95 are also nearby, while New Haven, Conn., and Hartford, Conn., are\u00a0within a 30-minute drive.<\/p>\n<p>Long-term\u00a0tenant Sports Direct\u00a0is the sole lessee of the 260,000-square-foot asset. The building has served as Bob&#8217;s Stores\u2019 headquarters since 1991.<\/p>\n<p>NKF\u2019s Tri-State Capital Markets team, including Executive Managing Director Kevin Welsh, <a href=\"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/\">Managing Director Brian Schulz<\/a> and Financial Analyst Jason Emrani, worked together with Vice President Matt O\u2019Hare from CBRE\u2019s New Haven office in representing the institutional seller.<\/p>\n<p><em>\u201c(We) are looking forward to a long-term relationship with Sports Direct, Bob\u2019s Stores and EMS,\u201d<\/em> said Alex Dembitzer, founder of Sky Management, in prepared remarks. <em>\u201cWe are also planning a number of physical and environmental improvements to the facility, including the installation of solar panels to reduce the carbon footprint of the businesses\u2019 operations.\u201d<\/em><\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 260,000-square-foot building in Meriden, Conn., is fully occupied by two companies owned by Sports Direct: Bob\u2019s Stores and Eastern Mountain Sports.<\/p>\n","protected":false},"author":739,"featured_media":1004508679,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21752,21742,10],"tags":[32789,38921,36007,39212],"class_list":["post-1004208507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-mixed-use","category-latest","category-northeast","tag-cbre","tag-kevin-welsh","tag-newmark-knight-frank","tag-sky-management-services-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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