Snowball Developments Buys 17M Warehouses in CT

0:00Snowball developments just dropped $17,450,000 on four warehouses across Windsor, East Hartford, and New Haven, keeping their industrial buying spree alive. They scooped up two spots in New Haven from the Zairn, who grabbed them back in 2020 in 2022 for $12.8 million total, then borrowed $9,550,000 from Starwood Mortgage Capital to seal the deal. Earlier this year, Snowball added another warehouse in East Hartford for $3,250,000 right next to one they bought last. Year, turning it into a campus set up anchored by Tyrico, the wholesale tire giant leasing both. Tenants like industrial flow systems, wall grains, and logistics firms are locked in, and Snowball's eyeing upgrades like parking lot resurfaces. Building repaints, outdoor storage, expansions, and rooftop solar to boost these underused sites. With tight vacancies and hot demand for big industrial space in Central Connecticut, Snowball's

1:02pumped to keep snapping up properties and tailoring them for long term wins. This has been Hartford News Today, powered by AI. I'm Corey with The Story.