NORWALK, CONN. — Atlantic Capital Partners, the capital markets advisory division of regional brokerage firm Atlantic Retail, has arranged a $23 million loan for the refinancing of a retail building located in the southern coastal Connecticut city of Norwalk. The building at 100 Connecticut Ave. is ground-leased to Lowe’s Home Improvement on a long-term basis. Stephen Joseph and Stephen Hassenflu arranged the fixed-rate loan on behalf of the owner, Hall Investments. The direct lender was not disclosed.
GREENWICH, CONN. — Hawaii-based Trinity Investments has sold a majority interest in the 374-room Hyatt Regency Greenwich hotel in southern coastal Connecticut. The percentage was not disclosed. The building served as a printing press for Condé Nast from 1921 to 1967 before being redeveloped into a hotel. Trinity bought the hotel from Hyatt in late 2022 and subsequently implemented a $35 million capital improvement program. Today, the Hyatt Regency Greenwich features an indoor pool, fitness center, salon and 35,000 square feet of meeting and event space. The buyer was an affiliate of Certares Real Estate Management LLC.
FARMINGTON, CONN. — Colliers has negotiated the sale of a 30,829-square-foot industrial building in Farmington, located just west of Hartford. The sales price was $1.9 million. According to LoopNet Inc., the building at 145 Hyde Road was constructed on 6.5 acres in 1966 and features a clear height of 16 feet and two dock-high loading doors. Christian Dietz of Colliers brokered the deal. The buyer and seller were not disclosed.
HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $10.5 million sale of a portfolio of three medical office properties totaling 94,400 square feet in Connecticut. The portfolio comprises the two-building, 66,000-square-foot Twin Ponds Office Centre in Tolland; Windham Professional Park, a two-building, 16,400-square-foot complex in Windham; and Ledgebrook North, a 12,000-square-foot, three-building property in Mansfield. Tom Boyle of Chozick represented the undisclosed seller in the deal.
WEST HAVEN, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $5.2 million sale of a 40-unit apartment building in the southern coastal Connecticut city of West Haven. According to Apartments.com, the three-story building at 295 Elm St. was originally constructed in 1960. Bradley Balletto, Rich Edwards, Jeff Wright and Derek Mahabir of NEPCG represented the local seller, CT Realty Trust, in the transaction and procured the buyer, an undisclosed, New York City-based private investor.
CHESHIRE, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $2.7 million sale of Country Plaza, a 26,000-square-foot office and retail complex in Cheshire, located roughly midway between Hartford and New Haven. The property is home to a mix of food-and-beverage, service retail and healthcare users. Toby Brimberg of O,R&L represented the undisclosed seller and the buyer, Kisco Funding Group, in the deal.
WEST HARTFORD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a 200-unit apartment complex in West Hartford. Built in 1971, Cove West Hartford offers one- and two-bedroom units with average sizes of 803 and 1,103 square feet, respectively. Amenities include a clubhouse with a community room, an outdoor patio, pergola and a firepit. Eric Pentore, Victor Nolletti, Wes Klockner and Ross Friedel of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
GROTON, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $25.4 million sale of a 141-unit multifamily property in Groton, located in southern coastal Connecticut. Groton Townhomes offers one-, two- and three-bedroom units as well as outdoor dining and gathering spaces. Bradley Balletto of NEPCG represented the New Jersey-based seller in the transaction and procured the buyers, Rowin Capital and its affiliate, Penlane Real Estate.
HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $6.7 million sale of Sumner House Apartments, an 80-unit multifamily complex located in the Asylum Hill neighborhood of Hartford. Built in 1970, the property offers 18 studios, 29 one-bedroom units, 32 two-bedrooms units and a three-bedroom penthouse that was built as the home for the original developer. Rick Chozick and Steve Pappas of Chozick Realty brokered the deal. The buyer and seller were not disclosed.
NEW BRITAIN, CONN. — Regional developer WinnCos. has completed The Ellis Block, an $85 million affordable housing redevelopment in New Britain, located just outside of Hartford. The project converted four buildings within the vacant, 115-year-old former manufacturing facility of household appliances company Landers, Frary & Clark into a 154-unit apartment complex. The property now features 79 one-bedroom units, 59 two-bedroom residences and 16 three-bedroom apartments that are reserved for renters earning between 30 and 80 percent of the area median income. Amenities include a fitness room, community room, game room, flexible workspaces and outdoor seating areas. Hartford-based JCJ Architecture designed the project, and Massachusetts-based Keith Construction served as the general contractor. The Connecticut Housing Finance Authority provided tax credits and tax-exempt bonds as part of the project’s financing, which also included a construction loan from Bank of America. Bank of America also served as the tax credit investor.
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