East Lyme Manufacturer Buys Old Saybrook Warehouse

0:00An affiliate of an e-slime contract manufacturing firm just snapped up an industrial property in Old Saberook for $1,750,000, a clear sign of the hot demand for warehouse space in Connecticut. EAK, holding company, bought the $31,414 square foot building at 35 research parkway, a metal-sided spot, built back in 1975 on 2.9 acres. The deal closed with the deed recorded on March 31. The seller was stark properties run by Jill Cohn out of Westbrook while the buyer's principal is Richard Connolly from Madison. He's also the president of RD Manufacturing in e-slime, though he passed on commenting. This move highlights how manufacturers are expanding amid tight supply. Broker saw massive interest with 17 serious buyers lining up after the listing hit late last year. Bob Cansemo from Berkshire Hathaway, home services New England, handled the sale for the seller and pointed to Connecticut's scarce industrial inventory as the big driver plus

1:04the prime spot near the shoreline. Ryan Connolly from Coldwell Bank of Realty wrapped the buyer side. The building used to house a climate tech startup called Blue Sky Carbon before this switch. All this points to industrial real estate staying red-high in the state with deals like this fueling growth for local businesses. That wraps hard for news today. Brought to you with AI. I'm Cory with the story.