HARTFORD, CT. (June 15, 2023) – Goman+York Property Advisors is pleased to announce the successful sale of a high-profile retail property located at 167 Brainard Road, Hartford, CT.
The property, formerly home to CT Lighting Center’s Restoration Lighting Gallery, traded for $2.5 million. 167 Brainard Road is situated in the heart of Hartford and offers an exceptional opportunity for commercial investment, boasting high visibility, convenient access, and a thriving regional commercial setting. Built in 1982, 167 Brainard Road is a 3,126 square foot retail property situated on 0.4 acres, making it an attractive option for retailers seeking a prime location in the Brainard Road area.
The sale of 167 Brainard Road was facilitated by Rob Montesi and Dave Dumeer of Goman+York Property Advisors, who represented the seller and procured the buyer, cannabis company INSA.
“Although the property was originally only offered for lease, the buyers wisely recognized that its intrinsic value went way beyond simple pricing per square foot or acre. Situated at an intersection with nearly 28,000 cars per day and immediate access to a major highway interchange, yet far enough away from neighborhoods or schools, it was a fairly unique opportunity for their business.” – Rob Montesi, Senior VP of Transactional Services of Goman+York Property Advisors.
INSA is a vertically integrated medical and adult-use cannabis company operating in multiple states. The company has cultivation centers in Massachusetts, Florida and Pennsylvania. INSA currently operates dispensaries in Massachusetts, Florida, and Ohio.