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A New York investor has acquired a Waterbury property occupied by an industrial coatings manufacturer for $1.2 million.

The 24,000-square-foot warehouse and manufacturing building at 80 Turnpike Drive is leased to American Roller Co. and is located on a 2.3-acre lot.

The buyer is Turnpike Drive LLC and the seller was 715 Straits Turnpike Inc., according to an announcement from R. Calabrese Agency of Waterbury.

R. Calabrese Agency’s Bob Bowder represented both the seller and buyer in the transaction.