A joint venture of Regal Ventures, Snowball Developments and Devli Real Estate has acquired a 186,603-square-foot industrial property on approximately 29.7 acres at 600 Day Hill Road in Windsor, Connecticut. The sale price and seller were not disclosed.
The property is fully leased to the Spencer division of Howden USA Companies, a wholly owned subsidiary of Chart Industries.
Historically known as Spencer Turbine Company, the tenant manufactures heavy-duty engineered air and gas handling equipment.
Spencer has occupied the property since the mid-1970s and holds a lease running through November 2034.
Built in 1975, the rear-load facility has received substantial infrastructure improvements from the tenant to support specialized manufacturing and testing operations.
The property sits near the intersection of Marshall Phelps and Day Hill Road and is located close to Bradley International Airport.
The buyers view the low site coverage and approximately 30-acre parcel as providing longer-term potential while the existing lease generates cash flow.
The transaction represents Regal Ventures’ third industrial acquisition since May 2026.
Snowball Developments said the acquisition is its second in Windsor and its 15th transaction in the Connecticut industrial market.
Spencer Hoffman of Beacon Law represented the buyers.
KEY QUOTES:
“We are delighted to partner with Snowball Development and Devli Real Estate on our first industrial acquisition in the Greater Hartford market. The long-term committed tenant, attractive cash yield, and the optionality to explore multiple value-creation strategies make this an ideal addition to our growing industrial portfolio.”
Sean Dainese, Managing Partner of Regal Ventures
“Snowball Developments is excited to partner with Regal Ventures and Devli Real Estate on our second acquisition in the City of Windsor and our fifteenth to date in the Connecticut industrial market. Snowball has always been a ‘land-first’ industrial owner, and the spacious, 30-acre site at the corner location of Marshall Phelps and Day Hill Road offers incredible long-term potential while the asset is currently supported by strong and growing cash flow.”
Brian Ker, President of Snowball Developments
“The acquisition of 600 Day Hill Road fits squarely within our strategy of acquiring mission-critical, low-coverage industrial assets with long-term, credit-worthy tenants in supply-constrained corridors. We are thrilled to partner with Regal Ventures and Snowball Developments on a deal that underscores our confidence in both this asset and the Greater Hartford market.”
Mark Devli, Chief Investment Officer of Devli Real Estate
