WINDSOR, CONN. — First National Realty Partners (FNRP) has acquired Windsor Court, a 78,500-square-foot shopping center located roughly 10 miles outside Hartford. A 64,195-square-foot Stop & Shop grocery store anchors the property. Other tenants include AT&T, Windsor Court Wine, Great Clips and Edible Arrangements. Paul Penman and Johnathan Martin of Newmark represented the undisclosed seller in the transaction.
WALLINGFORD, CONN. — Locally based brokerage firm OR&L Commercial has negotiated the $3.3 million sale of a 45,320-square-foot industrial property in Wallingford, located just north of New Haven. The building, which sits on 3.6 acres and features four loading docks, was roughly 45 percent leased at the time of sale to a single tenant. Frank Hird of OR&L represented the seller, Founders Associates LLC, in the transaction and procured the buyer, NEC Advisors. Hird is also representing the new ownership in leasing the available space.
MIDDLEBURY, CONN. — Watchmaker Timex Group USA has sold its 84,886-square-foot corporate headquarters complex in Middlebury, Conn., for $7.5 million. Chris O’Hara of Coldwell Banker Commercial represented Timex Group in the sale to a partnership between Drubner Equities Florida LLC and Atlantic Management. The site spans 93 acres, and the new ownership plans to redevelop the complex into a 720,000-square-foot industrial park.
ROCKY HILL, CONN. — Vessel Technologies, a New York City-based provider of modular and prefabricated housing, will develop a 96-unit rental project in Rocky Hill, a southern suburb of Hartford. The property will be developed at a vacant site at 125 Henkel Way. The majority of the units will have one-bedroom floor plans to accompany several residences with two-bedroom floor plans. Fabrication will commence in September, and the first move-ins are scheduled for late 2024.
MANCHESTER, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Charles Drive, a 67-unit multifamily property in Manchester, located in Hartford County. Built on 10 acres in 1969, Charles Drive comprises 11 two-story buildings that house two-bedroom, townhouse-style apartments. Residences feature individual washers and dryers, fireplaces, and private patios/decks. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller, FPA Multifamily, in the transaction and procured the buyer, Cue Residential LLC.
GREENWICH AND DARIEN CONN. — CBRE has brokered the $13.6 million sale of a portfolio of two office buildings totaling 42,794 square feet in Connecticut. The 17,081-square-foot building at 39 Lewis St. in Greenwich was 91 percent leased at the time of sale, and the 25,713-square-foot building at 23 Old Kings Highway in Darien was 86 percent leased at the time of sale. Jeffrey Dunne, Steven Bardsley, Travis Langer and Daniel Blumenkrantz of CBRE represented the seller in the transaction. CBRE also procured separate buyers for each building. All parties requested anonymity.
MERIDEN, CONN. — Greystone has provided an $11 million Fannie Mae loan for the refinancing of The Kennedy Building, a 135-unit multifamily property in Meriden, located roughly midway between Hartford and New Haven. The property was built in 1921 and offers studio, one- and two-bedroom units. Dan Sacks of Greystone originated the 10-year, nonrecourse loan, which carried a fixed interest rate, 30-year amortization schedule and seven years of interest-only payments. The borrower was Kennedy Holdings Inc.
ORANGE, CONN. — Locally based brokerage firm Pearce Commercial has negotiated the sale of a 29,750-square-foot retail building in Orange, located in the southern coastal part of Connecticut. According to LoopNet Inc., the freestanding building at 401 Boston Post Road was originally constructed in 1945. Carl Russell of Pearce Commercial represented the buyer, Tessa Marie Holdings, in the deal. Tyler Lyman of True Commercial Real Estate represented the seller. Through an affiliate, the buyer has committed to opening a baseball and softball training facility that will occupy half of the building under a separate lease agreement. The other half remains available for lease.
FARMINGTON, CONN. — CBRE has brokered the sale of Pond View Corporate Center, a two-building, 225,551-square-foot office campus in Farmington, located west of Hartford. The sales price was $29.7 million. Jeffrey Dunne, Steven Bardsley, Travis Langer, Daniel Blumenkrantz and John McCormick of CBRE represented the seller, an affiliate of Sovereign Partners, in the transaction. CBRE also procured the buyer, an undisclosed family office. Pond View Corporate Center was 92 percent leased at the time of sale.
HARTFORD, CONN. — Central Rock Gym, a fitness concept centered on indoor rock climbing, has signed a retail lease to open a 22,000-square-foot facility at 99 Shield St. in Hartford. Phil Gagnon of Colliers represented the undisclosed landlord in the lease negotiations. David Dumeer of locally based brokerage firm Goman York represented Central Rock Gym. A tentative opening date was not disclosed.