Will Sikorsky Aircraft Fly or Stay Grounded in Connecticut?

Lockheed Martin told Hearst Connecticut Media in July that it will keep Sikorsky Aircraft in Stratford after it completes its $9 billion purchase from United Technologies expecting to close Friday, November 6, 2015.

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With the purchase, the company said it must rationalize employee counts and facilities procurement costs.
Teamsters Local 1150, which represents many of the 8,050 employees at Fairfield County’s largest employer, said that because Lockheed Martin has no roto-wing business that it would be unrealistic to move the operation.

But any corporate takeover involves changes in personnel, and there might be office and retail tenants that cater to the plant that move with changing operations, or close due to a downturn in business. Others might relocate in search of other locations in Fairfield County with more opportunity. Additionally, owners of properties affected by this tenant upheaval would experience higher vacancies.

All would be well served by a commercial real estate broker who has access to property search and marketing tools and provides focused attention to help them get the results they want faster.

For more information about this developing story and to learn more about how to prepare for the changes that it will bring  call 203-348-8566 to talk with a Pyramid professional or visit www.pyramidregroup.com.