HARTFORD, CT. (July 27, 2023) – Goman+York Property Advisors, LLC, is delighted to announce the successful purchase & sale of a 28,000 square foot restaurant property located at 165 Brainard Road, Hartford, CT.
The property, once home to the renowned U.S.S. Chowder Pot IV, commanded a sale price of $4.0 million. Its alluring features and strategically advantageous location at 165 Brainard Road made it an exceptional opportunity in the vibrant South Meadows commercial and industrial district in the south Hartford market.
The sale of this property was put together and managed by Rob Montesi and Dave Dumeer of Goman+York Property Advisors, securing the seller and representing the buyer, the multi-state cannabis company, INSA. Montesi and Dumeer also handled the sale to INSA of the neighboring property at 167 Brainard Road.
“Although the property was originally not for sale, our client naturally realized the inherent value the property possessed, sitting on 5.2 acres immediately adjacent to I-91 and Routes 5 & 15. We approached the eventual seller with a unique and timely opportunity.” – Rob Montesi, Senior VP of Transactional Services of Goman+York.
INSA has begun work on the site, which will combine 165 and 167 Brainard Road into a fully integrated cultivation, production and retail facility, with plan to begin operations in 2024.
“It was a pleasure working for INSA on closing this difficult transaction. We look forward to seeing the final redevelopment of the site, and we’re also appreciative of INSA for the opportunity to help expand their retail footprint throughout the state.” – Dave Dumeer, Senior VP of Transactional Services of Goman+York.
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.
GOMAN+YORK Property Advisors LLC works at the leading edge of real estate and economic development. Our team of experienced, proven industry experts, led by principals R. Michael Goman and Tom York, formulates real-world market-driven solutions for public, nonprofit, and private organizations. GOMAN+YORK delivers expert advice and high-value services to provide customized and cost-effective solutions in the delivery of real property engagements. New England-based in East Hartford, CT, with regional offices in the Southeast; Dallas, TX; and Phoenix, AZ, GOMAN+YORK’s reach is nationwide. Visit: www.gomanyork.com