Target Warehouse Sold for $93.5M, Big Plans for Windsor

0:00A massive 530,000 square foot warehouse in Windsor, home to a target distribution center, just sold for 93.5 million dollars. Land records show the deal closed on March 19th, moving the property on 93.8 acres at 500 grot in road between two. Companies linked to North Point development out of Missouri. This isn't your typical shuffle between affiliates. The buyer shelled out 1.17 million dollars in state real estate taxes plus 233,750 dollars to the town, signaling some real financial muscle behind the move. Flashback to last year, the site traded hands for 43.5 million dollars as a nearly finished project. Local officials confirmed target had locked in a lease to run it as a refrigerated hub, boosting the area's logistics scene. Now the buyer, NPE Great Pond Commerce Center, tapped the warehouse to back up to $75.9 million in loans from UMB Bank Inn. Kansas City,

1:00with a mortgage filed April 14th. North Point hasn't commented yet. All this points to big plans brewing for industrial growth in Windsor, keeping that target operation humming while unlocking fresh capital for expansion. That's your update from Hartford News today, powered by AI. I'm Cory with the story.