Norwich, CT The Connecticut CCIM Chapter said that Ron Lyman, CCIM of Lyman Real Estate represented the seller of 5 Wisconsin Ave., the former home of Nutron Manufacturing and the original headquarters for Cuisinart. The property closed for $6.8 million on February 24, 2022.
The 96,132 s/f industrial property sits on 5.5 acres, with 523 feet of frontage on Wisconsin Ave. It is located in the Norwich Business Park, in a federally-recognized Foreign Trade Zone (FTZ). Improvements include seven docks, two drive-ins, 80,000 s/f of paved asphalt, and 97 parking spaces.
Lyman represented seller Jack Feinberg, whose Nutron Manufacturing company was based on the property through 2018. Since then, S&S Worldwide has leased the entire space as a warehouse. The buyer is 5 Wisconsin Owner LP, an investor group including lead Brian Ker, Milan Parekh, Mark Landau, and Brasswater from Montreal. The new owners have taken over the lease to S&S, a 115-year-old company based in Colchester, which sells a wide variety of supplies for arts and crafts, sports, educational, and recreational activities.
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