BOSTON– The Coca-Cola Bottling Company of Northern New England has signed a long-term lease agreement for 200,000 square feet of built to suit, Class A industrial building at 359 Ellington Road in South Windsor, CT.
The company will use the state-of-the-art as a new warehouse and distribution center. Development is scheduled to be complete and the facility fully operational by November 2019.
“We are very excited for how this new, state-of-the-art sales center will help modernize our operations in Connecticut and position CCNNE for sustainable long-term growth for years to come,” said Mark Francoeur, President of CCNNE. “By constructing this new facility, we will be able to expand our production capabilities at our existing location in East Hartford and create a stronger distribution system to bring more of our beverages to market.”
JLL New England Industrial Practice lead and Senior Vice President Michael Ciummei, Managing Director Brian Tisbert, and Managing Director Shawn McMahon represented Coca-Cola on the transaction. CBRE’s Chris Metcalfe and Kyle Roberts represented owner/developer Scannell Properties.
According to Ciummei: “We are thrilled that we could help Coca-Cola execute the right real estate strategy for this distribution facility.”
The new distribution center is being constructed on what was previously a cornfield, farmland that provided little tax revenue for the Town of South Windsor. Coca-Cola’s new distribution facility will qualify for a 70 percent tax break over seven years. Even after factoring in the tax break, once the project is complete, the town will receive $125,000 in annual tax revenue from the site, up from just $7,000 per year had it remained a cornfield.