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WINDSOR LOCKS, CT-The new owner of the Ford Distribution Center, a 226,661-sf facility leased to Ford Motor Corp., has secured a $10.9-million acquisition loan from Hartford Investment Management. The 10-year fixed rate financing deal was arranged by the Hartford office of CBRE|Melody.

The financing of the property by new owner S. Family I LLC, a Connecticut-based partnership, follows the Feb. 27 acquisition of the property from Ryan Cos. US Inc. of Minneapolis. The property traded for $14,305,000 at a 6.92 cap rate, according to officials with CB Richard Ellis' Hartford office, which represented Ryan Cos. in the transaction. CBRE Hartford's Bill Bronson, John McCormick and Pat Mulready, along with Steve Buss of the firm's Minneapolis office, represented the seller in the deal.

The property, which is 100% leased to Ford Motor Co., sits on a 22-acre site and has clear height of 35 feet and contains approximately 13,000 sf of office space. The property located along Route 20 was developed for Ford Motor Co. in 2004 by the Ryan Companies US, Inc. to serve as the automaker's new model for high velocity parts distribution, CBRE|Melody officials say. The property is located a short distance from Bradley International Airport.