JV acquires single-tenant industrial asset in Windsor, Conn.

A joint venture comprising Regal Ventures, Snowball Developments and Devli Real Estate acquired 600 Day Hill Road in Windsor, Connecticut, a 186,603-square-foot single-tenant industrial property on approximately 30 acres. Regal Ventures is managing the investment.

The property is fully leased to the Spencer division of Howden USA Companies, a wholly owned subsidiary of Chart Industries. The tenant, historically known as the Spencer Turbine Company, has occupied the facility since the mid-1970s and has a lease running through November 2034. The acquisition expands Regal Ventures’ industrial portfolio into the Greater Hartford market and combines long-term tenancy, current cash yield and future value-creation optionality.