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Snowball Developments Expands Hartford Portfolio
“We are not a big-box industrial developer,” Ker said. “We are not a big, institutional player. We are very opportunistic in terms of what we acquire. We are not looking to buy shiny buildings. We are looking to buy buildings that we have a high conviction we will be able to improve — improve the rent roll and improve the value.”
Brian Ker, President
— Via Hartford business journalAcquisition of 325 Midland, Garfield NJ
“The Snowball team identified this as their first acquisition, and were very diligent in getting this deal across the finish line. I expect them to be very active in the coming years.”
Jeremy Neuer, EVP CBRE Tri-State
— Via roi-nj.com256-270 Sheffield Acquistion with Snowball / LPC
“This acquisition is an opportunity to own in-demand logistics product amidst one of the country’s densest populations and within miles of major transportation infrastructure. The asset is well-positioned to serve the needs of the in-place tenancy, as well as capture future tenant demand. We are excited to get to work maximizing the value of such a compelling project.”
Troy Daniels, Founding Partner, Trive Capital Real Estate.
— Via trivecapital.comFeatured Article on Snowball’s Connecticut Growth
“You have a land grab taking place along key I-95 interchange exits, where industrial tenants need to be, so they are close to the population base, but there’s not a sufficiently deep enough inventory of industrial land or industrial product.”
Brian Ker, President, Snowball Developments.
— Via hartford business journalHartford Business Journal: 2023 CT Power 25
The Brooklyn-based company purchased three New Jersey properties in 2021 and 2022, and began focusing on Connecticut last year, paying more than $42 million for underused industrial sites with untapped potential.
— Via hartford business journal