Connecticut

Marriott-Stamford

STAMFORD, CONN. — Knighthead Funding has provided a $48 million loan for the acquisition and partial conversion of the 508-room Marriott Stamford hotel in southern coastal Connecticut. The sponsor, Clearview Hotel Capital, will use a portion of the proceeds to convert one of the hotel’s two towers, which were built in 1975 and 1985, into a residential complex with studio, one- and two-bedroom units. The other tower will be renovated and relaunched as a modernized hotel. Tyler Dumon, Christopher Kramer, Daniel Fromm, Ricky Braha, Jordan Roeschlaub and Nick Scribani of Newmark arranged the debt.

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White-Oaks-at-Wilton

WILTON, CONN. — CBRE has negotiated the sale of White Oaks at Wilton, a 100-unit apartment complex located in southern coastal Connecticut. Built in 2011, the complex offers one-, two- three-and four-bedroom units. According to Apartments.com, amenities include a pool, fitness center, playground and outdoor grilling and dining stations. Jeffrey Dunne, Eric Apfel, Stuart MacKenzie and Travis Langer of CBRE represented the seller, LaSalle Investment Management, in the transaction and procured the buyer, CT Realty Trust.

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MILFORD, CONN. — New York City-based HKS Real Estate Advisors has arranged a $7.9 million acquisition loan for a 105,481-square-foot shopping center in the southern coastal Connecticut city of Milford. The center sits on a 22-acre site and was 44 percent leased at the time of sale. Andrew Pilchick and Alex Dobosh of HKS arranged the debt through 360 Capital Funding on behalf of the borrower, Constitution Credit, which plans to implement a value-add program.

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Bella-Vista-Apartments-Ansonia-Connecticut

ANSONIA, CONN. — Reliant RE Partners has purchased Bella Vista Apartments, a 91-unit multifamily building in Ansonia, located in New Haven County. The adaptive reuse building includes more than 8,000 square feet of commercial space and amenities such as a coffee lounge, business center and a gym. Victor Nolletti, Wes Klockner and Eric Pentore of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Bella Vista Ansonia LLC, in the transaction and procured Reliant as the buyer.

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50-Danbury-Road-Wilton-Connecticut

WILTON, CONN. — CBRE has negotiated the $24.7 million sale of a 221,070-square-foot office building in the southern coastal Connecticut city of Wilton. The two-story building at 50 Danbury Road is home to tenants such as AIG, ASML and Hartford Health Care. Jeff Dunne, Steve Bardsley and Travis Langer of CBRE represented the seller, a partnership that includes an entity managed by Taconic Capital Partners, in the transaction. Shawn Rosenthal and Jason Gaccione, also with CBRE, arranged acquisition financing on behalf of the buyer, Melrose Pfeiffer Holding LLC.

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STAMFORD, CONN. — Zelco Properties, the development and acquisition arm of Charter Realty, has purchased a 153,000-square-foot shopping center in the southern coastal Connecticut city of Stamford. Whole Foods Market and Saks Off Fifth anchor the center. Zelco acquired the center along with undisclosed institutional and operating partners. The seller and sales price were not disclosed. Charter Realty will also be the leasing agent. Approximately 74,000 square feet of space remains available.

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STRATFORD, CONN. — Atlanta-based brokerage firm Hunter Hotel Advisors has arranged the sale of the 135-room Homewood Suites by Hilton Stratford. The extended-stay property sits across from Sikorsky Aircraft Corp.’s 2.5 million-square-foot headquarters in southern coastal Connecticut. An unnamed institutional investor sold the property to owner-operator Jamsan Hotel Management for an undisclosed price. Spencer Davidson of Hunter Hotel Advisors brokered the deal.

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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.

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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.

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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.

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