Press Releases
Marcus & Millichap Arranges Sale of Bank of America Property in Windsor for $2.6 Million
July 18, 2025
WINDSOR, Conn., July 18, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $2.6 million sale of a 4,650-square-foot Bank of America property in Windsor, Connecticut.
“Bank of America remains one of the most dominant financial institutions in the region, ranking among the top five deposit holders in Hartford County,” said Mark Krantz, senior director investments. “This location benefits from exceptional real estate fundamentals—positioned as an outparcel to high-performing national retailers such as Target, HomeGoods, Stop & Shop, and Petco.”
Krantz and Derrick Dougherty, senior managing director investments, exclusively marketed the property on behalf of the seller, a Connecticut-based private investor and developer. The buyer, a Florida-based private investor, was also procured by Krantz and Dougherty, in association with John Krueger, the firm’s broker of record in Connecticut.
“It was a pleasure to represent both the buyer and seller in this transaction. The collaborative effort from all parties made this a successful closing for all parties involved,” added Krantz.
Built in 2007, the property is located at 1045 Kennedy Road and operates under a corporate-guaranteed triple-net ground lease. It is positioned at a signalized intersection off Interstate 91, with traffic counts of 152,000 vehicles per day. Nearby economic drivers include Bradley International Airport, Amazon’s 3.8 million-square-foot fulfillment center, and major employers such as Pratt & Whitney, CVS Health and The Hartford.
“Bank of America remains one of the most dominant financial institutions in the region, ranking among the top five deposit holders in Hartford County,” said Mark Krantz, senior director investments. “This location benefits from exceptional real estate fundamentals—positioned as an outparcel to high-performing national retailers such as Target, HomeGoods, Stop & Shop, and Petco.”
Krantz and Derrick Dougherty, senior managing director investments, exclusively marketed the property on behalf of the seller, a Connecticut-based private investor and developer. The buyer, a Florida-based private investor, was also procured by Krantz and Dougherty, in association with John Krueger, the firm’s broker of record in Connecticut.
“It was a pleasure to represent both the buyer and seller in this transaction. The collaborative effort from all parties made this a successful closing for all parties involved,” added Krantz.
Built in 2007, the property is located at 1045 Kennedy Road and operates under a corporate-guaranteed triple-net ground lease. It is positioned at a signalized intersection off Interstate 91, with traffic counts of 152,000 vehicles per day. Nearby economic drivers include Bradley International Airport, Amazon’s 3.8 million-square-foot fulfillment center, and major employers such as Pratt & Whitney, CVS Health and The Hartford.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
