SOUTH WINDSOR, CONN. — JLL has arranged a $9.5 million loan for the refinancing of a 115,800-square-foot industrial building in South Windsor, located northeast of Hartford. The building at 555 Nutmeg Road was constructed on 12.1 acres in 1980 and was fully leased at the time of sale to wholesale tire distributor US Autoforce. Max Custer, Ryan Carroll and Michael Donohoe of JLL arranged the five-year, fixed-rate loan through an undisclosed life insurance company on behalf of the borrower, Snowball Developments.
GREENWICH, CONN. — Industrious has signed a 17,773-square-foot office lease in the southern coastal Connecticut city of Greenwich. The provider of flexible workspaces will occupy the first floor of Building 5 at Greenwich Office Park, an eight-building, 385,000-square-foot campus. David Block of CBRE represented the landlord, Fareri Associates, in the lease negotiations. Cushman & Wakefield represented Industrious.
DANBURY AND NORWALK, CONN. — CBRE has brokered the $39.7 million sale of a portfolio of two affordable seniors housing properties totaling 169 units in Connecticut. Residences at both the 116-unit Kimberly Place in Danbury and the 53-unit One Leonard in Norwalk are reserved for renters age 62 and above. Simon Butler, Biria St. John, Jeff Dunne, Eric Apfel, Tim Flint and Taylor Froland of CBRE represented the seller, an affiliate of First Atlantic LLC, in the transaction and procured the buyer, an affiliate of Heritage Housing Inc.
DARIEN, CONN. — High Street Residential, a subsidiary of Trammell Crow Co., has broken ground on Thorndal Circle, a 175-unit multifamily project in Darien, located in southern coastal Connecticut. The five-building complex will be situated on an 11-acre site and will house studio, one- and two-bedroom units. Amenities will include a pool, clubhouse, coworking lounge, fitness center, spa and wellness area, golf simulator and a demonstration kitchen. Construction is scheduled for a mid-2027 completion.
BLOOMFIELD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Arbors at Brighton Park, a 132-unit apartment complex in Bloomfield, located northwest of Hartford. Built in 2017, the property offers one-, two- and three-bedroom units with washers and dryers, walk-in closets and private balconies/patios. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller, Paredim Communities, in the deal and procured the buyer, Beachwold Residential.
STAMFORD, CONN. — CBRE has brokered the sale of Stamford Towers, a 326,468-square-foot office complex in southern coastal Connecticut. Stamford Towers is a two-building, transit-served development that is home to tenants such as Citigroup, Gerald Metals, H/2 Capital, Oaktree and Legal & General. Jeff Dunne, Steve Bardsley, Travis Langer and David Block of CBRE represented the seller, CBRE Investment Management, in the transaction. The quartet also procured the buyer, a joint venture between Lamar Cos. and Real Capital Solutions.
FAIRFIELD, CONN. — Cleveland-based commercial finance firm BWE has funded a $35.3 million Freddie Mac permanent loan for Sturges Ridge of Fairfield, a 99-bed seniors housing complex located in southern coastal Connecticut. The property opened in 2018, houses 88 units and offers assisted living and memory care services. Amenities include game/activity lounges, a fitness and wellness center, private dining room, library with computer stations, full-service salons and a pet therapy program. Taylor Mokris and Ryan Stoll of BWE originated the 10-year, fixed-rate loan on behalf of the undisclosed borrower.
DANBURY, CONN. — Marcus & Millichap has brokered the sale of the 112-room Comfort Inn & Suites hotel in Danbury, located in southern Connecticut’s Fairfield County. The hotel, which was previously operated as a Holiday Inn, was built in 1973 and offers amenities such as a fitness center, outdoor pool, business center and onsite laundry facilities. Jerry Swon of Marcus & Millichap represented the buyer and seller, both of which were private hotel operators that requested anonymity, in the transaction.
GREENWICH, CONN. — CBRE has negotiated the $97.5 million sale of The Mill, a 71-unit apartment complex located in the southern coastal Connecticut city of Greenwich. The Mill, which is a redevelopment of a 19th century riverfront industrial building, consists of five buildings that also house 28,653 square feet of retail space across them. The apartments consist of 59 units in the former mill (built in 1881) and a converted office building (built in 1981), plus 12 additional apartments located at 328 Pemberwick Road (built in 1983). Jeffrey Dunne, Eric Apfel, Stuart MacKenzie and Travis Langer of CBRE represented the seller and procured the buyer in the transaction.
STORRS, CONN. — A joint venture between Landmark Properties and Manulife Investment Management has opened The Standard at Four Corners, an 890-bed student housing community located near the University of Connecticut campus in Storrs. Designed by Dwell Design, the property offers 392 fully furnished units in studio, one-, two- and three-bedroom configurations with bed-to-bath parity. Shared amenities include an academic lounge, 24-hour study rooms, a fitness center, resort-style pool and spa, jumbotron lawn, outdoor gaming areas, fire pits, grilling stations and a clubroom. The property also features 14,500 square feet of ground-floor retail space.
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