Industrial Building Sold for $700,000; New Owner Plans Growth

UPDATE: A significant commercial real estate transaction has just taken place in Prospect, Connecticut, where a 7,400-square-foot industrial building has been sold for $700,000. The property, located at 11 Industrial Road, previously served as the headquarters and manufacturing site for RSS Millwork LLC, a custom millwork manufacturer.

The sale, confirmed by O,R&L Commercial, marks a pivotal shift as RSS Millwork relocates to a larger facility in neighboring Cheshire. The company has acquired a new 30,600-square-foot building at 150 Sandbank Road for $1.8 million, aiming to meet the demands of increased production and growth.

The newly sold industrial site is strategically positioned in the heart of Prospect’s industrial corridor, offering a functional layout ideal for a variety of light industrial, fabrication, and warehousing uses. Sam Crampton and Frank Hird, SIOR, played crucial roles in representing the seller, Retail Security Solution LLC, and in facilitating the sale to the buyer, Bill Sweet, a noted serial entrepreneur.

Sweet plans to establish multiple businesses at the 11 Industrial Road location, although specific details about the types of enterprises have not yet been disclosed. This development is anticipated to create new job opportunities and stimulate local economic growth, making it a significant event for the Prospect community.

O,R&L Commercial emphasizes that the property’s versatility makes it a strong investment opportunity for the new owner. The sale highlights a growing trend of industrial space repurposing in Connecticut, as companies seek larger facilities to accommodate evolving business needs.

As this story develops, stakeholders in the Prospect area are encouraged to stay informed about the potential impacts of this transaction on local employment and business dynamics. The successful transition of RSS Millwork to its new site may serve as a model for other companies looking to expand in the region.

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