7 years ago
FARMINGTON, CT – Carol Karney and Steve Foote of O,R&L Commercial, LLC recently brokered the sale of 65 Spring Lane, a 42,500 SF industrial building in Farmington Industrial Park, for a sale price of $1,050,000. Karney and Foote represented the seller, FTC Liquidation Company. The buyer, Turbine Technologies, was self-represented.
Turbine Technologies Inc., an aerospace and power generation turbine engine component manufacturing company, has expanded to the point that its current facility at 126 Hyde Road is too small to efficiently accommodate its present and future business plans.
Due to this growth, Turbine Technologies has purchased the much larger facility at 65 Spring Lane, Farmington. The movement of Turbine Technologies Inc. will be conducted between October 2011 and January 1, 2012. Production rates and deliveries will continue during this move and will appear seamless to their many customers.
O, R&L Commercial, LLC is a full service real estate firm with four divisions: Commercial Real Estate Brokerage, Commercial Construction, and Facility Management and Maintenance.
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For additional information, please contact Hope Valiska at (860) 721-0033.