Massive Bristol industrial property sells for .25M; future development eyed

A New Jersey-based real estate investment firm bullish on Connecticut has paid $79.25 million for a sprawling industrial complex in Bristol.  The 1.2-million-square-foot Bristol Logistics Center at 780 James P Casey Road sold in October. It's likely to be one of the largest Greater Hartford commercial real estate deals of the year.  The buyer was Treetop Companies, a Teaneck, New Jersey-based real estate investor and developer.  Adam Mermelstein, a managing member of Treetop, said Friday morning his company had previously invested in Connecticut, but this is the only property it currently owns in the state.