HMC Real Estate Partners Buys Milford Industrial Site

The firm acquired an 11.8-acre property on Furniture Row for $16.65 million.

Updated on Oct. 26, 2026 in Commercial

A wide view of a generic industrial warehouse building with multiple loading bays under clear daylight. — HMC Real Estate Partners acquired an 11.8-acre industrial complex on Furniture Row in Milford for $16.65 million, citing prime highway accessibility. AI Illustration. Upload story photo >

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HMC Real Estate Partners finalized the purchase of an industrial complex at 65-145 Furniture Row in Milford on September 24, 2026. The acquisition includes a 209,802-square-foot warehouse and a 2,400-square-foot service shop situated on 11.8 acres.

Why it matters

The investment offers an established infill location with highway access, with the firm securing the deal at a price substantially below replacement cost. HMC plans to modernize the facility by replacing the roof and upgrading the facade and loading infrastructure.

The property sale, which was recorded on October 2, 2026, involves structures originally built in 1965. The site is currently fully occupied by warehousing and distribution tenants.

The players

HMC Real Estate Partners

This investment firm focuses on industrial properties across Connecticut and Western Massachusetts.

American General Life Insurance Co.

This company is a major financial institution that served as the seller of the industrial property on Furniture Row.

The details

HMC Real Estate Partners competed against multiple prospective buyers to acquire the asset from American General Life Insurance Co. The developer expects to offer the vacant 2,400-square-foot service shop for lease starting in 2027.

The main building and service shop were constructed in 1965.
HMC acquired Berlin Commerce Park in February 2025.
The sale of the Milford property took effect on September 24, 2026.
The sale was recorded on October 2, 2026.
The outbuilding is expected to be offered for lease in 2027.

Culture Shift

This acquisition follows the firm's strategic pattern of purchasing large industrial assets within the region, building on its February 2025 acquisition of the Berlin Commerce Park. The move reflects a continued institutional focus on repurposing aging industrial infill sites.

Local tenants and distribution businesses in the area should monitor upcoming facility upgrades that may temporarily affect loading access on Furniture Row. Prospective commercial renters can watch for leasing opportunities for the service shop beginning in 2027.

The takeaway

Commercial real estate investors are increasingly prioritizing older, well-positioned industrial sites that offer value through significant modernization. This transaction highlights the ongoing demand for accessible, multi-tenant industrial space in established markets.