WESTBROOK AND BRIDGEPORT, CONN. — Arbor Realty Trust has funded two loans, totaling $34.5 million, in Connecticut. The firm provided a $32.6 million for a retail property located in Westbrook. Funded under Arbor’s balance sheet bridge load program, the three-year interest-only, floating-rate loan features two one-year extension periods, allows the borrower to acquire the property and provides tenant improvement capital to execute a new 10-year lease to H&M. The name of the borrower was not..
STAMFORD, CONN. — CBRE has arranged the sale of an office building located at 225 High Ridge Road in Stamford. TNREF III High Ridge LLC, a joint venture between Baywater Properties and True North Management Group, acquired the property from RA 225 High Ridge LLC, an entity controlled by RNY Property Trust, for $22.6 million. At the time of acquisition, the 244,104-square-foot property was 81 percent leased to a variety of tenants, including Synapse, Bank of America and Mass Mutual. Jeffrey..
NEW HAVEN, CONN. — The Connection Inc. has signed a lease for 13,000 square feet of office space at 900 Chapel St. in New Haven. The private, non-profit human service and community development agency will occupy the full penthouse floor at the 142,439-square-foot office tower. Jeffrey Williams and Hollis Pugh of Colliers International Group represented the tenant, while John Keogh of Dow Condon dba Colliers International represented the landlord, PMC Property Group, in the deal.
SOUTHPORT, CONN. — Maplewood Senior Living has purchased 27 acres in Southport where it will build a 92,000-square-foot seniors housing community. Construction will begin this summer on Maplewood at Southport, a three-story, 98-unit assisted living and memory care center. Stein-Troost is the architect for the project, Landtech Engineering is the civil engineer, Milone & McBroom is the landscape architect and KBE Building Corp. of Farmington is the contractor.
OLD SAYBROOK, CONN. — Northeast Private Client Group has negotiated the $2.2 million sale of a 6,500-square-foot retail property known as The Starbucks Building in Old Saybrook. The property is located at 15-19 Main St. Bradley Balletto of Northeast Private Client Group’s Shelton, Conn., office represented the seller, Prospect Realty Partners, and procured the buyer, Developers Consolidated Realty, in the transaction. Tenants at the property include Starbucks and Ben & Jerry’s.
NEW BRITAIN, CONN. — Steve Pappas of Chozick Realty’s Hartford office has negotiated the $4.5 million sale of Central Townhouse and College West Apartments in New Britain. The two garden-style complexes sold in a single transaction. Central Townhouse, located at 608 Allen St., consists of 42 apartment units in four buildings on a 1.8-acre site. The unit mix includes a single one-bedroom, 35 two-bedroom and six three-bedroom units. College West Apartments, located at 499 Allen St., consists..
MOOSUP, CONN. — KeyBank’s community development lending and investment team has financed a $6 million bridge-to-HUD loan for Vesta Corp. for the acquisition of Moosup Apartments. The property is an 89-unit multifamily complex consisting of nine two-story buildings in the rural community of Moosup. Moosup Apartments includes one-, two- and three- bedroom townhomes. Of the 89 units, 27 are covered by a Section 8 HAP contract. KeyBank’s Kelly Frank arranged the financing.
WINDSOR, CONN. — CBRE has negotiated the $5.2 million sale of 100 Corporate Drive, a 100 percent leased, 69,000-square-foot office building in Windsor. An affiliate of Minneapolis-based Ryan Cos. US sold the property to Bradstreet & Chandler, a Boston-based real estate firm. CBRE’s John McCormick and Patrick Mulready represented the seller and procured the buyer in the transaction. CBRE will also handle leasing and property management of the building. 100 Corporate Drive is a two-story..
BROOKFIELD, CONN. — HKS Capital Partners has arranged $26.5 million in permanent refinancing for Barnbeck Place, a 165-unit apartment complex in Brookfield. The property sits on nine acres. John Harrington of HKS Capital Partners negotiated the financing for the owner/ borrower, the BRT Organization and the DiMarco Group. David Garcia of OritaniBank provided the seven-year, fixed-rate loan.
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..