Image courtesy of National Development

Redevelopment of a former Raytheon Corp. property in Connecticut will be anchored by Wayfair and Lowe’s Home Improvement Warehouse, which leased a combined 2.5 million square feet of distribution space.

Newton-based National Development also plans an additional 200,000 square feet of tech and specialty manufacturing space as part of the East Hartford Logistics & Technology Park at Rentschler Field project. Completion is scheduled for mid-2024.

Connecticut Gov. Ned Lamont joined National Development executives and local officials for a groundbreaking ceremony Monday at the 300-acre site.

National Development acquired the former airport property from Raytheon Technologies’ Pratt & Whitney division in November 2021, citing its desirable location near Interstates 84 and 91. The property is next to the aerospace manufacturer’s headquarters, the University of Connecticut football stadium and a Cabela’s sporting goods store.

National Development projects the first phase of the project will create 1,000 permanent jobs and $4 million in annual tax revenue.

In November, National Development named former Suffolk Construction executive Charlie Rollins to lead the Rentschler Field project.

National Development Lands Wayfair, Lowe’s at Former Airfield Project

by Steve Adams time to read: 1 min