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NetSource Expands Manchester Hub for $3.1M

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NetSource Expands Manchester Hub for $3.1M

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NetSource Expands Manchester Hub for $3.1M

Hartford News Today | 2 Min News | The Daily News Now!

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Hartford News Today | 2 Min News | The Daily News Now!NetSource Expands Manchester Hub for $3.1M. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 20th. Welcome in. This is Hartford News Today, where local news meets AI. I'm Corey with the story. Net Source, the crew making high-speed data cables just leveled up in Manchester by snagging a new industrial spot for $3.1 million. The deal closed with the deed recorded on March 25th, where an LLC run by company president Thor Swanson bought a $55,950 square foot building from 1974 on 4.6 acres. At 90 progress drive, this spot sits right next to their headquarters, making it a smooth expansion move for their operations. They locked in a $2.48 million mortgage from Windsor Federal Bank on the same day, while the sellers, discount trophy and company, had picked it up back in 2019 for $2.1 million. Word is, they're gearing up for bigger plays and data transmission. Getting that Manchester hub growing strong.

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