East Hartford, CT National Development managing partners Ed Marsteiner and Andrew Gallinaro joined federal, state and local elected officials and other invited guests for a groundbreaking ceremony on the site of the East Hartford Logistics Center at Rentschler Field.
Each building in the two-building, 2.5 million s/f first phase has been leased, with one to a subsidiary of a Fortune 500 company and another to a Fortune 300 company.
The project, part of the larger East Hartford Logistics & Technology Park at RentschlerField, is expected to create up to 400 construction jobs and will generate up to 1,000 permanent positions from the initial phase alone and $4 million in new tax revenue annually. A limited liability company affiliated with National Development purchased the 300-acre site from Pratt & Whitney corporate parent, Raytheon Technologies Corp. in January. The land historically served as Pratt & Whitney’s on-campus airfield.
National Development plans to build an additional 200,000 s/f in the front of the park for high tech and/or specialty manufacturing tenancy. Work on the logistics center buildings is expected to be completed in summer 2024.