NORWALK, CONN. — The Prusik Group, a New York City-based retail developer, has sold a 156,568-square-foot shopping center in the southern coastal Connecticut city of Norwalk. Main Avenue Shopping Plaza was built on 16.3 acres in 1996. At the time of sale, the center was fully leased to tenants such as grocer Stop & Shop (anchor), Total Wine & More, Hobby Lobby and Burger King. J.B. Bruno, Kevin O’Hearn and Jose Cruz of JLL represented Prusik Group in the transaction. The buyer and sales price were not disclosed.
MIDDLETOWN, CONN. — Colliers has brokered the sale of a 32,000-square-foot industrial building in Middletown, a southern suburb of Hartford. The building sits on a 3.5-acre site at 2303 S. Main St. and features a clear height of 20 feet. Philip Gagnon of Colliers represented the undisclosed buyer in the transaction. Yalesville Properties sold the building for an undisclosed price.
AVON, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $42 million sale of Avon Woods, a 189-unit apartment complex located on the western outskirts of Hartford. The site spans 47 acres, and the property offers one-, two- and three-bedroom units that range in size from 925 to 1,300 square feet. Residences feature newly renovated kitchens, bathrooms, flooring, lighting and finishes, and amenities include a pool, tennis courts and walking trails. Rick Chozick, Tom Boyle and Steve Pappas of Chozick Realty represented the buyer and seller, both of which requested anonymity, in the transaction.
NEW HAVEN, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $6.1 million sale of Norton Pointe, a 61-unit apartment complex in New Haven. According to Apartments.com, the property was built in 1900 and offers one-, two- and three-bedroom units that range in size from 700 to 1,050 square feet. Brad Balletto and Derek Mahabir of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HARTFORD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $14.3 million sale of a portfolio of 23 multifamily properties totaling 167 units in Hartford. Known as the West End Hartford Portfolio, the buildings are situated within three blocks of one another in the state capital neighborhood of the same name. Information on floor plans and amenities was not disclosed. Taylor Perun and Brad Balletto of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HADDAM, CONN. — JLL has negotiated the $27 million sale of Blueway Commons, an 88-unit apartment complex in Haddam, located in Middlesex County. Blueway Commons was built on 6.5 acres between 2023 and 2025. The property features one- and two-bedroom units, 10 of which are workforce housing residences, with an average size of 967 square feet that are housed across five two-story buildings. Amenities include a clubhouse with a coffee bar, fitness center and an outdoor kitchen with a pergola. Jon Bryant, John Flaherty and Steve Simonelli of JLL represented the seller, Elm Tree Communities, in the transaction. The buyer was RAK Realty.
DANBURY, CONN. — Marcus & Millichap has brokered the $12 million sale of the Holiday Inn Express & Suites in Danbury, located in southern Connecticut’s Fairfield County. Built on 2.5 acres in 2001 and renovated in 2024, the four-story hotel offers 79 rooms and suites and amenities such as a pool and a fitness center. Jerry Swon of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
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American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M
IRVINE, CALIF. — American Healthcare REIT Inc. (NYSE: AHR) has acquired eight senior housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction. While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor. “This series of transactions is an example of disciplined capital allocation supported by strong execution,” says Jeff Hanson, chairman and CEO of AHR. “We understood that only a solution for all 10 communities would clear the market. Rather than either walking away from a highly strategic opportunity or compromising our capital allocation discipline to secure it, we constructed a solution that required neither.” The purchase gives the Irvine-based company a larger presence in the Northeastern seniors housing market. The Northeast properties in the portfolio are located primarily in wealthy suburban markets such as Philadelphia’s Main Line, Westport, Conn., and suburban Boston. AHR is strengthening this newfound foothold via a new operating relationship with Massachusetts-based LCB …
VERNON, CONN. — CBRE has negotiated the $62.5 million sale of Tri-City Plaza, a 295,817-square-foot shopping center in Vernon, located northeast of Hartford. Grocer Shoprite anchors the center, which was 96 percent leased at the time of sale. Other tenants include T.J. Maxx, HomeGoods, HomeSense and Hartford Healthcare. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, a partnership between New York-based owner-operator DLC Management and Acadia Realty Trust, in the transaction. The team also procured the buyer, East Coast Acquisitions.
WINDSOR, CONN. — Metro Boston-based developer Condyne Capital Partners has received approval for an office-to-residential conversion project in Windsor, located north of Hartford. Designed by Maugel Destefano Architects, the project will transform the 99,480-square-foot building at 500 Day Hill Road, which formerly housed the operations of commercial printing and packaging company Konica Minolta, into a 300-unit apartment community. The new apartment community will offer studio, one- and two-bedroom units. Amenities will include a pool, fitness center, pickleball court, multi-purpose court, dog park and outdoor grilling and dining areas. Construction is scheduled to begin this fall.
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