9-16-16

4A — September 16 - 29, 2016 — M id A tlantic

Real Estate Journal

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M id A tlantic R eal E state J ournal Real Estate org. is headquarted in Philadelphia, PA Binswanger brokers sale of 156,000 s/f industrial facility

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83 Water St.

N EW HAVEN , CT — On behalf of C. Cowles & Company, Binswanger announced the sale of a multi-story 156,000 s/f industrial facility on ap- proximately 2.57 acres. The property is located at 83 Water St. in New Haven, Connecticut. The buyer, Amerco Real Es- tate Company purchased the property for $6 million. The company plans to develop the property for a combination of self-storage and vehicles

rentals under the U-HAUL brand name. The 156,000 s/f, five-story industrial building with over 100 surface parking spaces features highly desirable ar- chitectural amenities includ- ing original wood flooring, exposed brick and stone and large perimeter windows, much of which Americo in- tends to preserve. The site offers easy access to and tremendous visibility from I-91, I-95 and Rte. 34 and is located approximately one

mile from Yale University and Yale New Haven Hos- pital. Jim Panczykowski , ex- ecutive vice president in Binswanger’s Connecticut office, brokered the transac- tion for the seller. Headquartered in Phila- delphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia. n

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