{"id":1004209387,"date":"2018-03-07T07:20:55","date_gmt":"2018-03-07T15:20:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209387"},"modified":"2022-12-08T07:16:38","modified_gmt":"2022-12-08T15:16:38","slug":"sky-management-buys-18m-industrial-building-in-ct","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sky-management-buys-18m-industrial-building-in-ct\/","title":{"rendered":"Sky Management Buys $18M Industrial Building in CT"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004209391\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209391\" data-attachment-id=\"1004209391\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sky-management-buys-18m-industrial-building-in-ct\/550-research-parkway-in-meriden\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden-e1520419212641.jpg\" data-orig-size=\"1264,951\" 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;1520425775&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=\"550 Research Parkway and 160 Corporate Court in Meriden\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;550 Research Parkway and 160 Corporate Court in Meriden&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden-e1520419212641.jpg?w=1024\" class=\"wp-image-1004209391 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden-e1520419212641.jpg\" alt=\"550 Research Parkway and 160 Corporate Court in Meriden\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden-e1520419212641.jpg 1264w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden-e1520419212641.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden-e1520419212641.jpg?resize=768,578 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/550-Research-Parkway-in-Meriden-e1520419212641.jpg?resize=1024,770 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209391\" class=\"wp-caption-text\">550 Research Pkwy. (foreground) and 160 Corporate Court in Meriden, Conn.<\/p><\/div>\n<p>Sky Management Services LLC has purchased its second industrial asset in Meriden, Conn., for $18 million. The property houses one of Medline\u2019s mission-critical manufacturing facilities, along with an important warehouse for Fosdick Fulfillment Corp., a global logistics company.<\/p>\n<p>The 358,000-square-foot building is located at 550 Research Pkwy., on the southeastern outskirts of the city, adjacent to Interstate 91. The 25.2-acre site is suitable for various uses, such as e-commerce, light manufacturing or distribution.<\/p>\n<h2>Neighboring\u00a0properties<\/h2>\n<p>The\u00a0building neighbors Sky\u2019s other <a href=\"https:\/\/www.commercialsearch.com\/news\/ct-office-distribution-center-changes-hands-for-15m\/\">distribution and office asset<\/a> at 160 Corporate Court, which the company acquired in February for $15 million. Each of the two properties will receive upgrades of two megawatt solar installations.<\/p>\n<p><em>\u201cThis is our largest purchase in Connecticut to date in terms of square footage, and it showcases our commitment to the state,\u201d<\/em> said Alex Dembitzer, founder of Sky Management, in prepared remarks. <em>\u201cWe see the potential to expand our solar power program here to help the companies reduce their carbon footprints and supply the majority of their onsite electrical consumption while improving the community surrounding the building.\u201d<\/em><\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neighboring the company&#8217;s first purchase in the state, the 358,000-square-foot manufacturing and warehouse property houses key facilities for Fosdick Fulfillment Corp. and Medline.<\/p>\n","protected":false},"author":739,"featured_media":1004508260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,10],"tags":[39258,39212],"class_list":["post-1004209387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-northeast","tag-alex-dembitzer","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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