CANDLEWOOD APARTMENTS IN NEW BRITAIN SELLS FOR $1.9M

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NEW BRITAIN, CONN. — Candlewood Apartments, a 40-unit multifamily complex at 123 Clinic Dr. in New Britain has been sold for $1.9 million. Candlewood is part of a commercial portfolio consisting of almost 700 residential units and approximately 110,000 square feet of office and industrial space. The portfolio had recently become lender owned. Rick Chozick and Steve Pappas of Chozick Realty, Inc. arranged the sale on behalf of the lender, Grove Street Realty Holdings, and procured the buyer, Cedarwood LLC.

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