STAMFORD, CONN. — UC Funds has acquired the Residence Inn by Marriott under construction in Stamford for $40 million. The property will be the only extended-stay hotel in downtown Stamford. Construction on the eight-story hotel is 60 percent complete, with delivery expected next winter. The 156-room property will include a fitness center, business center, breakfast area and meeting space.
ESSEX, CONN. — Penny Parker of Lyman Real Estate has arranged the $1.4 million sale of three contiguous parcels of land totaling 3.8 acres at 21-29 Plains Road in Essex. The buyer, Essex Holdings, plans to develop a 52-unit multifamily property known as Essex Station. Parker represented both the buyer and the sellers, Truehold Essex LLC, which sold one parcel, and Costa Family LLC, which sold the other two. Essex Station will include one- and two-bedroom units with porches, nine-foot..
MILFORD, CONN. — Jon Angel of Angel Commercial has arranged a 29,000-square-foot lease expansion for RoadWerx in Milford. RoadWerx, a marketing and promotions agency, has signed a long-term lease to add the space to its headquarters at 60 Research Drive. Angel represented both the tenant and landlord in the transaction.
HAMDEN, CONN. — Marcus & Millichap’s Institutional Property Advisors (IPA) division has brokered the $63.1 million sale of Seramonte Apartments, a 451-unit multifamily community in Hamden. The sales price equates to just under $140,000 per unit. Victor Nolletti of IPA’s Northeast and Florida team was the lead advisor on the transaction. Seramonte was built between 1965 and 1968. Nolletti, Steve Witten, Eric Pentore and Wes Klockner of Marcus & Millichap’s New Haven office..
WINDSOR, CONN. — Marcus & Millichap has brokered the sale of a property net leased to Bank of America in Windsor. The 4,650-square foot property sold for $3.1 million. Barry Wolfe and Alan Lipsky of Marcus & Millichap’s Fort Lauderdale office marketed the property on behalf of the seller, a limited liability company. The Bank of America is located at 1045 Kennedy Road near Interstate 91.
NEW CANAAN, CONN. — Rhys has arranged the sale of a portfolio in downtown New Canaan including a mixed-use building and two residential properties slated for future development. Ivanhoe Collective purchased 19 Vitti St., a 4,700-square-foot mixed-use building for $2.6 million. The new owner plans to open a business called The Cultivated Collector, a showroom catering to those who own or want to own classic cars. The two-story Vitti Street building features an on-site parking garage. It was..
NORWALK, CONN. — Cushman & Wakefield has arranged the $11.9 million sale of Belden Square, a two-building medical office/residential apartment complex located at 747 Belden Ave. in Norwalk. Belden Square LLC purchased the newly renovated, 45,000-square-foot property, formerly the U.S. headquarters of Virgin Atlantic, from SG Belden LLC. The Cushman & Wakefield team of Al Mirin, Kate Schwartz, Matthew Torrance and Kathleen Fazio represented the seller. The buyer was self-represented.
BRANFORD, CONN. — O,R&L Commercial has arranged a 31,375-square-foot industrial lease at 965 W. Main St. in Branford. Frank Hird of O,R&L represented the landlord, Branford West Main LLC. Kevin Geenty of The Geenty Group Realtors represented the new tenant, R&R Freight Services LLC, a provider of logistical services. The multi-year lease in the 200,000-square-foot facility brings the building to 100 percent occupancy.
NEW CANAAN, CONN. — CH Vitti Street Associates and Collins Enterprises will develop a mixed-use medical and residential property at 23 Vitti St. in New Canaan. Known as New Canaan Medical Arts Center, construction will begin in May and will be completed in spring 2018. Do H. Chung & Partners is the project architect and Avison Young will serve as leasing agent. The two-story, 9,000-square-foot medical center will be constructed along the parcel’s 121 feet of frontage, with a public..
FAIRFIELD, CONN. — Jon Angel of Angel Commercial has arranged the $1 million acquisition of 107 Ardmore St. in Fairfield. The property consists of an 8,196-square-foot industrial building on .63 acres. Angel represented the buyer, Ardmore LLC, which acquired the property as an investment.