News & Transactions

Hayes & Sherry Facilitates $1.7 Million Sale of Versatile Property in Westerly Industrial Park

Closing in early May, Pete Hayes and Derek Brazeau of Hayes & Sherry, a Cushman & Wakefield alliance member, brokered the $1.775 million sale of 2 Crosswind Road in Westerly, R.I. The firm represented the seller, The Washington Trust Company, in the deal.

Well positioned and located within Westerly Industrial Park, 2 Crosswind Road is a versatile flex building featuring more than 3,500 sq. ft. of office space and another +/- 14,000 sq. ft. of warehouse area. It sits on a 1.59-acre parcel and is currently built out to accommodate call center operations, with both open and private office space.

Additional commercial amenities include a truck loading dock, overhead garage, and warehouse area equipped with a ceiling height of 18’. The property boasts convenient access to Interstate 95 and major coastal roadways and is close to the Connecticut hubs of New London, Groton, and Mystic. It also is easily travelable to Boston, New York, and Providence.

“The southern portion of Rhode Island and certainly the areas of nearby Connecticut tend to be an underserved market, and we see a lot of opportunity there for sellers and buyers alike,” said Derek Brazeau. “Although the inventory of quality buildings such as this are sparse, this deal highlights the importance of targeted marketing and the power of location – it was a win for everyone.”

Hayes & Sherry is a leading commercial real estate brokerage firm in New England and beyond. Its services span commercial leasing, investment sales, property investment analysis, land development, and retail representation. Through its affiliation with Cushman & Wakefield, Hayes & Sherry offers an expanded depth of services supporting client needs across the country and the globe.