Stanley's former building on Myrtle Street for sale

Published on Thursday, 1 February 2018 22:40
Written by Angie DeRosa

@ADeRosaNBH

NEW BRITAIN - The former Stanley Black & Decker building at 480 Myrtle St. is for sale.

Frank Amodio, owner of Amodio & Co. Real Estate, said buyers are being sought who can either use or develop the property.

The building has 138,986 square feet of corporate offices, a full cafeteria, three elevators, a modern atrium lobby, a sprinkler system throughout and ample parking on about 5 acres of adjacent parcels.

In August 2016, Stanley executives announced they would be vacating the five-story office building.

Two hundred employees were moved to a renovated office complex on the company’s world headquarters campus off Slater Road and an office building on West Street in Southington.

The city has appraised the property at $4,843,500, but the price of purchase is negotiable. The building is vacant and move-in ready.

According to city records, Hardware City Associates has owned the building, constructed in 1947, since April 2, 1990.

Amodio has set no time frame for the sale of the property.

Interested potential buyers can visit Amodio.com or call 860-674-8908 for more information.



Posted in New Britain Herald, Business, New Britain on Thursday, 1 February 2018 22:40. Updated: Thursday, 1 February 2018 22:43.