Connecticut

CBRE Arranges $48.6M Sale of Reserve41 Apartments in Norwalk, Connecticut

by Taylor Williams January 4, 2023

NORWALK, CONN. — CBRE has arranged the $48.6 million sale of Reserve41, a 164-unit apartment community located in the southern coastal Connecticut city of Norwalk. Built in 1959 and renovated between 2018 and 2020, the property offers one-, two- and three-bedroom units. Amenities include a pool, playground and landscaped outdoor spaces. Jeff Dunne, Eric Apfel and Stuart MacKenzie of CBRE represented the seller, a partnership led by Connecticut-based real estate investment firm Belpointe, in the transaction. The trio also procured the buyer, New Jersey-based Yellowstone Property Group.

January 4, 2023

Connecticut Development Multifamily Northeast Student Housing

Landmark Properties, Manulife to Develop 890-Bed Student Housing Project Near University of Connecticut

by Taylor Williams December 23, 2022

STORRS, CONN. — A joint venture between Georgia-based Landmark Properties and Manulife Investment Management will develop The Standard at Four Corners, an 890-bed student housing project that will be located near the University of Connecticut in Storrs. The project will offer studio, one-, two- and three-bedroom units and amenities such as a pool, study lounges, a fitness center, computer lab and gaming lounge. The community will also feature 14,500 square feet of ground floor retail space. Completion is slated for August 2025.

December 23, 2022

Acquisitions Connecticut Multifamily Northeast

Northeast Private Client Group Brokers $34.6M Sale of New Haven Multifamily Portfolio

by Taylor Williams December 16, 2022

NEW HAVEN, CONN. — Northeast Private Client Group has brokered the $34.6 million sale of a portfolio of two multifamily properties totaling 145 units in New Haven. Broadway Living is a five-building, 101-unit complex, and The Elm is a newly constructed, 44-unit building. All units at both properties are rented at market rates. Brad Balletto, Jeff Wright and Rich Edwards of Northeast Private Client Group brokered the deal. The buyer and seller were not disclosed.

December 16, 2022

Acquisitions Civic Connecticut Northeast Office

Choyce Peterson Negotiates Sale of 30,000 SF Office Building in Bridgeport, Connecticut

by Taylor Williams December 15, 2022

BRIDGEPORT, CONN. — Locally based brokerage firm Choyce Peterson has negotiated the sale of a 30,000-square-foot office building in Bridgeport, located in the southern coastal part of the state. An entity doing business as Courtland Street Partners LLC sold the freestanding building to an affiliate of Adam J. Lewis Academy for an undisclosed price. Scott Peterson and Charlene O’Connell of Choyce Peterson brokered the deal. The new ownership plans to convert the building into an expansionary facility for its main school.

December 15, 2022

Acquisitions Connecticut Industrial Northeast Self-Storage

Marcus & Millichap Arranges Sale of Self-Storage Development Site in Woodbury, Connecticut

by Taylor Williams December 12, 2022

WOODBURY, CONN. — Marcus & Millichap has arranged the sale of a self-storage development site in Woodbury, located in the western part of the state, that is approved for 217 units across 23,690 net rentable square feet of climate-controlled space. Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were limited liability companies that requested anonymity. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.

December 12, 2022

Acquisitions Connecticut Multifamily Northeast Retail

Northeast Private Client Group Brokers $4.6M Sale of Connecticut Multifamily, Retail Property

by Taylor Williams December 8, 2022

NEW BRITAIN, CONN. — Northeast Private Client Group has brokered the $4.6 million sale of 87 West Main Street, a 29,000-square-foot multifamily and retail property in New Britain, located southwest of Hartford. The residential component comprises 10 one-bedroom and six two-bedroom units, and the retail space totals 13,761 square feet across eight units. Rich Edwards, Jeff Wright and Patrick Hegarty of Northeast Private Client Group represented the buyer and seller, both of which requested anonymity, in the deal.

December 8, 2022

Acquisitions Connecticut Northeast Retail

FNRP Buys 259,104 SF Shopping Center in West Hartford, Connecticut

by Taylor Williams December 6, 2022

WEST HARTFORD, CONN. — New Jersey-based investment firm First National Realty Partners (FNRP) has purchased Bishops Corner, a 259,104-square-foot retail center located in West Hartford, roughly five miles outside of the state capital. Tenants at the center, which is anchored by a 59,000-square-foot Target, include Marshalls, HomeGoods, The Paper Store, Mattress Firm, Orangetheory Fitness, AT&T, Bank of America, TD Bank, Noodles & Co., GNC, Subway and Massage Envy. Paul Penman of Newmark represented the undisclosed seller in the transaction.

December 6, 2022

Acquisitions Connecticut Multifamily Northeast Seniors Housing

Blueprint Brokers Sale of 380-Bed Skilled Nursing Portfolio in Metro Hartford

by Taylor Williams December 2, 2022

HARTFORD, CONN. — Blueprint Healthcare Real Estate Advisors has brokered the sale of three skilled nursing facilities in Connecticut. Totaling 380 beds, the properties are all located in the northeastern suburbs of Hartford. A joint venture owner sold the assets to a regional buyer for an undisclosed price, with both parties requesting anonymity. The new ownership plans to focus on operational efficiencies, including staffing, and to invest in capital projects at the facilities.

December 2, 2022

Acquisitions Connecticut Industrial Northeast

Newmark Arranges $79.2M Sale of Industrial Property in Bristol, Connecticut

by Taylor Williams November 29, 2022

BRISTOL, CONN. — Newmark has arranged the $79.2 million sale of Bristol Logistics Center, a 1.1 million-square-foot industrial property in Connecticut. The rail-served site spans 179 acres and formerly housed a General Motors manufacturing plant. Treetop Development acquired the property from an entity doing business as Bristol Center LLC. Jeff Fishman, Cory Gubner and Alex Haendler of Newmark brokered the deal. At the time of sale, Bristol Logistics Center was 93 percent leased to three tenants: Firestone, Clark Dietrich and Arett Sales.

November 29, 2022

Acquisitions Connecticut Northeast Office

Bradford Allen Acquires 90,268 SF Office Portfolio in Greenwich, Connecticut

by Taylor Williams November 15, 2022

GREENWICH, CONN. — A subsidiary of Chicago-based investment and advisory firm Bradford Allen has acquired a portfolio of two office buildings totaling 90,268 square feet in Greenwich, located in the southern coastal part of Connecticut. Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE represented the seller, a joint venture between international investment firm Global Gate Capital and Dallas-based Lincoln Property Co., in the transaction. The portfolio was 100 percent leased at the time of sale.

November 15, 2022

Newer Posts

Older Posts