Connecticut

Landmark, Peninsula to Develop 738-Bed Student Housing Project in Storrs, Connecticut

by Taylor Williams April 11, 2025

STORRS, CONN. — A partnership between Georgia-based developer Landmark Properties and Miami-based private equity real estate firm Peninsula Investments will develop The Mark Mansfield, a 738-bed student housing project in Storrs, home of the University of Connecticut. The 1.5-acre site at 134 N. Eagleville Road is adjacent to campus. Information on specific floor plans and amenities was not disclosed, but The Mark Mansfield’s residences will be fully furnished residences with high-end finishes. In addition, the property will house approximately 7,000 square feet of retail space that will be occupied by Huskies Tavern, which is currently located onsite. A construction timeline was also not disclosed.

April 11, 2025

Acquisitions Connecticut Multifamily Northeast

Chozick Realty Arranges $6.3M Sale of West Hartford Apartment Building

by Taylor Williams April 9, 2025

WEST HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has arranged the $6.3 million sale of a 38-unit apartment building in West Hartford. The building at 415 Prospect St. houses 16 one-bedroom units and 22 two-bedroom units. Rick Chozick of Chozick Realty represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The new ownership plans to implement capital improvements.

April 9, 2025

Acquisitions Connecticut Net Lease Northeast Retail Rhode Island

Kempner Properties Buys Connecticut, Rhode Island Shopping Center Portfolio for $30.8M

by Taylor Williams March 12, 2025

WHITE PLAINS, N.Y. — Kempner Properties, an investment firm based in the New York City area, has purchased a portfolio of six shopping centers totaling 126,299 square feet in Connecticut and Rhode Island for $30.8 million. The Connecticut centers are located in Avon, Milford, Norwalk, Wallingford and Orange, while the Rhode Island center is located in Warwick. Town Fair Tire anchors the centers and accounts for 40 percent of the portfolio’s gross leasable space. Jeffrey Winokur of JH Winokur Inc. represented the seller, the estate of Town Fair Tire founder Neil Mellen, in the transaction. The portfolio was 92 percent leased at the time of sale.

March 12, 2025

Connecticut Loans Northeast Office

Newmark Arranges $133M Loan for Refinancing of Stamford Office Building

by Taylor Williams March 10, 2025

STAMFORD, CONN. — Newmark has arranged a $133 million loan for the refinancing of The Link, an office building located at 200 Elm St. in the southern coastal Connecticut city of Stamford’s downtown area. According to LoopNet Inc., The Link totals 588,345 square feet. The property was built in 1984 and underwent a $50 million renovation in 2023 that reimagined the lobby, modernized the elevators and upgraded the common areas. Jordan Roeschlaub, Nick Scribani and Chris Kramer of Newmark arranged the loan on behalf of the borrower, a partnership between A.M. Property Corp. and Northeast Capital Group. Deutsche Bank and Urban Standard provided the debt.

March 10, 2025

Acquisitions Connecticut Multifamily Northeast

NEPCG Negotiates $8.2M Sale of Crestview Apartments in West Haven, Connecticut

by Taylor Williams March 6, 2025

WEST HAVEN, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $8.2 million sale of Crestview, a 63-unit apartment complex in West Haven, located in southern coastal Connecticut. According to Zillow.com, the property exclusively offers one-bedroom units, and residents also have access to a pool. Brad Balletto and Jeff Wright of NEPCG represented the Massachusetts-based seller and procured the Connecticut-based buyer, both of which requested anonymity, in the transaction.

March 6, 2025

Acquisitions Connecticut Multifamily Northeast

NEPCG Negotiates $7M Sale of Cedar Glen Apartments in Norwich, Connecticut

by Taylor Williams March 4, 2025

NORWICH, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $7 million sale of Cedar Glen, a 63-unit apartment complex in Norwich, located in southern coastal Connecticut. According to Apartments.com, the property was built in 1971 and offers one- and two-bedroom units as well as a pool. Brad Balletto of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

March 4, 2025

Acquisitions Connecticut Multifamily Northeast

Scully Co., True North Buy 230-Unit Apartment Complex in New Haven, Connecticut

by Taylor Williams March 3, 2025

NEW HAVEN, CONN. — A partnership between two investment firms, Philadelphia-based Scully Co. and Connecticut-based True North Management Group, has purchased The Whit, a 230-unit apartment complex located in New Haven’s Wooster Square neighborhood. Built in 2022, The Whit offers studio, one-, two- and three-bedroom units with an average size of 892 square feet. Residences are furnished with stainless steel appliances, quartz countertops, tile backsplashes and individual washer and dryers, and all non-studio apartments have walk-in closets. Amenities include a fitness center with a yoga studio; a landscaped courtyard with a pool and fire pits; a rooftop terrace with bar and lounge seating; a clubroom with a coffee bar; a social dining room with a catering kitchen; and a coworking space with access to individual offices. The Whit also houses three retail spaces, two of which are leased to food-and-beverage operators. Jeffrey Dunne, Simon Butler, Biria St. John, Eric Apfel and Travis Langer of CBRE represented the undisclosed seller in the transaction and procured the partnership as the buyer. Tom Traynor, Adam Spengler, Nick Harris and Jake Helmig, also with CBRE, arranged acquisition financing for the deal through an undisclosed lender.

March 3, 2025

Acquisitions Connecticut Multifamily Northeast

NEPCG Negotiates $5M Sale of Plymouth Village Apartments in Terryville, Connecticut

by Taylor Williams March 3, 2025

TERRYVILLE, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $5 million sale of Plymouth Village, a 46-unit apartment complex in Terryville, about 20 miles west of Hartford. According to Apartments.com, the property offers one- and two-bedroom units. Taylor Perun of NEPCG represented the seller and procured the buyer, both of which were Connecticut-based entities that requested anonymity, in the transaction.

March 3, 2025

Connecticut Leasing Activity Northeast Office

McCarter & English Signs 10,993 SF Office Lease in Stamford, Connecticut

by Taylor Williams February 27, 2025

STAMFORD, CONN. — McCarter & English LLP has signed a 10,993-square-foot office lease in the southern coastal Connecticut city of Stamford. The law firm is relocating from 201 Broad Street to a portion of the 11th floor at 2 Stamford Plaza, a 259,000-square-foot building that is part of a larger, four-building campus. Benjamin Goldstein and Harrison Russell of Newmark represented McCarter & English in the lease negotiations. CBRE represented the undisclosed landlord.

February 27, 2025

Acquisitions Connecticut Multifamily Northeast

IPA Negotiates Sale of 102-Unit Apartment Complex in Wilton, Connecticut

by Taylor Williams February 25, 2025

WILTON, CONN. — Institutional Property Advisors, a division of Marcus & Millichap, has negotiated the sale of a 102-unit apartment complex in Wilton, located in southern Connecticut’s Fairfield County. Avalon Wilton on River Road is an eight-building complex that was built in 1996 and renovated in 2012. The property offers 64 townhome-style residences and 38 garden-style units in two- and three-bedroom floor plans that have an average size of 1,552 square feet. Amenities include a pool and outdoor grilling and dining stations. Victor Nolletti, Eric Pentore, Wes Klockner and Ross Friedel of IPA represented the seller, Virginia-based REIT AvalonBay Communities, in the transaction and procured the buyer, AEW Capital Management.

February 25, 2025

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