East Hartford, CT – CBRE announced that it has been retained by Raytheon Technologies Corporation as its exclusive advisor in the disposition of a ±300-acre land site located adjacent to Pratt & Whitney’s corporate campus in East Hartford, Connecticut. The site will be known as the Logistics Center @ Rentschler Field.
The Logistics Center @ Rentschler Field offers the ability to accommodate up to 2.3M SF on ±280 developable acres, with superior access to Interstates 84 and 91, and is located adjacent to Cabela’s 185,000 sq. ft. retail store and a 40,000-seat football stadium, which is home to the University of Connecticut Huskies. Situated across the river from Connecticut’s capital city of Hartford, the Logistics Center @ Rentschler Field is the largest and most convenient development site available between New York and Boston. The offering consists of the ±280-acre former airfield and the 20.72-acre Cabela’s ground lease interest.
The Logistics Center @ Rentschler Field is being marketed as an ideal location for a Class A industrial logistics and distribution center. The increased demand for large-format warehouse-distribution centers from the booming e-commerce sector, combined with the site’s superior access to the interstate—located less than a quarter mile off the exit ramp from Interstate 84—perfectly positions this piece of land for development. With e-commerce growth rising sharply in 2020 and expected to continue into 2021 and beyond, the Logistics Center @ Rentschler Field provides a tangible economic upside. This unique site is being marketed for sale without a formal asking price.
“We are excited about this opportunity and believe there will be significant interest from both developers and end users due to the site’s excellent central Connecticut location, immediate highway accessibility and access to a densely populated labor pool,” commented John McCormick and Chris Metcalfe of CBRE’s Hartford office. “The site’s unique history as a former airfield will add an additional layer of character and attractiveness to the site.”