105 Baker Hollow

Jones Lang LaSalle has been retained to market 105 Baker Hollow Road (the “Asset” or “Property”), a newly constructed 165,625 square foot warehouse facility located in Windsor, Connecticut. The Property is 100% occupied by Safelite, the largest auto glass specialist in the United States with more than 850 locations nationwide. The company executed a 7 year, 3 month lease through September 2030, with rents starting at $7.50/SF, providing investors with an attractive, durable cash flow. 

Hartford County has shared in the expansive growth that has transformed the US industrial market since the early 2010s. The County serves 13.5MM more people than Boston and has a significantly lower cost basis than neighboring markets such as Boston, New York, and New Jersey. In Windsor, rents have grown over 70% the past decade to $12.00/SF today. In addition to significant rent growth, class A vacancy has fallen to nearly 0% within the Hartford County market, a strategic hub for e-commerce, third party logistics, and manufacturing companies. Investors continue to seek existing opportunities to enter the market as the market’s unprecedented tenant demand coupled with challenging entitlement processes and lack of speculative construction in the pipeline has led to Hartford County’s tightest market in recent history.

Proven by the tightening vacancy rate, the Windsor submarket specifically remains a sought-after market along this corridor due to its excellent access to the Hartford and Springfield, MA labor markets, as well as proximity to Bradley International Airport. The Property ideally sits just 5 miles from Bradley Airport, 2 miles from I-91, and 9 miles from I-84, providing seamless access to business and population hubs.