Coca-Cola leases 200,000 square feet for new state-of-the-art distribution facility
JLL represents tenant on move.
BOSTON, Jan 10, 2019 – The Coca-Cola Bottling Company of Northern New England has signed a long-term lease agreement for 200,000 square feet of built to suit, Class A industrial building at 359 Ellington Road in South Windsor, CT. The company will use the state-of-the-art as a new warehouse and distribution center. Development is scheduled to be complete and the facility fully operational by November 2019.
“We are very excited for how this new, state-of-the-art sales center will help modernize our operations in Connecticut and position CCNNE for sustainable long-term growth for years to come,” said Mark Francoeur, President of CCNNE. “By constructing this new facility, we will be able to expand our production capabilities at our existing location in East Hartford and create a stronger distribution system to bring more of our beverages to market.”
JLL New England Industrial Practice lead and Senior Vice President Michael Ciummei, Managing Director Brian Tisbert, and Managing Director Shawn McMahon represented Coca-Cola on the transaction. CBRE’s Chris Metcalfe and Kyle Roberts represented owner/developer Scannell Properties.
According to Ciummei: “We are thrilled that we could help Coca-Cola execute the right real estate strategy for this distribution facility.”
The new distribution center is being constructed on what was previously a cornfield, farmland that provided little tax revenue for the Town of South Windsor. Coca-Cola’s new distribution facility will qualify for a 70 percent tax break over seven years. Even after factoring in the tax break, once the project is complete, the town will receive $125,000 in annual tax revenue from the site, up from just $7,000 per year had it remained a cornfield.
About Coca-Cola Bottling Company of Northern New England
The Coca-Cola Bottling Company of Northern New England took flight as a single bottling operation in Laconia, NH, in 1977. Through rapid growth and acquisition, our modest roots have blossomed into one of the nation’s largest Coca-Cola bottlers. Today, Coca-Cola of Northern New England (CCNNE) employees over 3,700 associates and operates over two dozen sales centers and two production facilities throughout New England and New York State. We embrace sustainable business practices, as evidenced by our zero-waste, state-of-the-art production center in Londonderry, NH, economic empowerment for our associates and their families, and genuine connections to the communities that we are fortunate enough to serve. A wholly-owned subsidiary of Japan’s Kirin Holdings Company, CCNNE bottles and sells brands owned by The Coca-Cola Company, Keurig Dr Pepper, Monster Energy Corporation, fairlife, and BODYARMOR. We proudly offer over 500 different beverage choices, including over 160 low- and no-sugar options. For more information, visit us at www.ccnne.com, and follow CCNNE on Facebook, Twitter, Instagram, and LinkedIn. For career opportunities, please visit careers.ccnne.com.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com