Redevelopment opportunity for historic industrial Building constructed for the Eagle Bicycle Manufacturing Company and the New Process Nail Company (horseshoe nails). After initially flourishing, the increasing popularity of automobiles at the turn of the century caused Eagle Bicycle to shift its manufacturing focus to hardware, marine engines, and spark plugs. By 1901, Eagle Bicycle purchased New Process Nail Company and established its Progressive Manufacturing Company division to manufacture horseshoe nails. In 1905 the company completely abandoned
manufacturing bicycles and shifted all production to machine screws, rivets, augers, and drill bits under the Progressive Manufacturing Company which was in operation until 1954. Later occupants include the Torrington Company and the Pheoll Manufacturing Company which occupied the plant until 1982. The property is listed in Preservation Connecticut’s Mills: Making Places of Connecticut industrial survey and is a candidate for listing on the State Register of Historic Places, which would make it Eligible for State historic Rehabilitation Tax Credits. Building area is 80,388 sq. ft.; lot 4.61 acres.
Contact: Marshall Cohen, Cohen Agency, 860-307-2594
https://www.crexi.com/properties/1117792/connecticut-52-norwood-street