HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $3.2 million sale of 16 Groton Street, a 35-unit apartment building located in Hartford’s South End neighborhood. According to Apartments.com, the building was originally constructed in 1920 and houses studio, one- and two-bedroom units that are furnished with stainless steel appliances and granite countertops. The building also recently underwent capital improvements to unit interiors and select common areas. Steve Pappas and Tess Cullen of Chozick Realty represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BRANFORD, CONN. AND LOS ANGELES — Sachem Capital Corp. (NYSE: SACH), a Connecticut-based real estate finance company, and Los Angeles-based Industrial Realty Group (IRG) have entered into a definitive contribution agreement to form a new industrial REIT with a market value of $3.4 billion. The deal is expected to close by the end of the year. Under the terms of the agreement, IRG will contribute 98 industrial properties from its portfolio of 200 assets to Sachem. Once complete, the newly formed company will operate as IRG Realty Trust Inc. (IRGT) and is expected to have an industrial portfolio with a gross real estate asset value of $2.9 billion. In addition, the new company will carry Sachem’s approximately $470 million (as of March 31, 2026) in direct and indirect mortgage loans, investments in developmental and owned real estate and other assets. The transaction values Sachem’s common shares at $2 per share, representing a 90 percent premium to the company’s 30‑day volume weighted average price. Upon closing, IRGT Inc. will focus on mission‑critical industrial infrastructure that supports manufacturing and distribution users. Assets that are not being contributed will continue to be owned and operated by IRG’s existing private business. “This accretive transaction …
WALLINGFORD, CONN. — Cushman & Wakefield has brokered the sale of The Campus at Greenhill, a 288,795-square-foot office development in Wallingford, located roughly midway between Hartford and New Haven. The Campus at Greenhill was built in 2012 on a 100-acre site that includes land for future expansion and offers amenities such as a fitness center and a full-service cafeteria. Matt Torrance, Al Mirin and Bob Motley of Cushman & Wakefield brokered the deal. The seller was undisclosed, and the buyer was regional investment and development firm KS Partners.
MANSFIELD, CONN. — Locally based brokerage firm Chozick Realty has arranged the $3 million sale of Eagle Court Apartments, a 40-bed student housing building in Mansfield that serves students at the University of Connecticut. Each unit at Eagle Court, which has maintained full occupancy over the past decade, has four bedrooms and comes fully furnished. Tom Boyle of Chozick Realty represented the undisclosed seller in the transaction. The buyer was also not disclosed.
NEW LONDON, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $17.3 million sale of a portfolio of three multifamily properties totaling 136 units in New London, located in southern coastal Connecticut. Courtview Square is a four-building complex that houses 96 units, exclusively in one-bedroom floor plans. Harbortree Apartments is a five-building property that offers 28 units in studio, one- and two-bedroom formats. Bristol Apartments is a 12-unit building comprised entirely of one-bedroom apartments. Brad Balletto of NEPCG represented the New Jersey-based seller in the transaction and procured an undisclosed, regional owner-operator as the buyer.
MERIDEN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Pomeroy Place Apartments, a 42-unit apartment complex in Meriden, located roughly midway between Hartford and New Haven. Built in 2025, Pomeroy Place features studio, one- and two-bedroom units as well as a fitness center. Wes Klockner, Ross Friedel and Victor Nolletti of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $6 million sale of a 55,274-square-foot industrial building located in the southern coastal Connecticut city of Branford. According to LoopNet Inc., the building at 45 NE Industrial Road was originally constructed in 1950 and renovated in 2010. Will Braun of O,R&L brokered the deal. The buyer and seller were both limited liability companies that requested anonymity.
SOUTH WINDSOR, CONN. — Webster Bank has provided a $33.2 million loan for the refinancing of a 315,000-square-foot industrial property in South Windsor, located northeast of Hartford. The distribution building at 456 Sullivan Ave. features a clear height of 31.5 feet and was fully leased at the time of the loan closing to a single tenant. Christopher Kramer, Christopher Lozniak, Ryan Bub and Jack Fenton of Newmark arranged the loan on behalf of the owner, Metropolitan Realty Associates.
EAST HARTFORD, CONN. — An affiliate of Walmart has acquired an industrial building in East Hartford for approximately $212 million, according to reports from multiple local news outlets, including CT Insider and the Hartford Business Journal. The building is one of two within the 2.5 million-square-foot East Hartford Logistics & Technology Park, which was completed in 2024. The latter publication reports that the building was previously slated for use by Wayfair, but the Massachusetts-based furniture company “never fully occupied the space and later sought to sublease the building.” The seller was a joint venture between PGIM and National Development.
HARTFORD COUNTY, CONN. — JLL has brokered the sale of the New England Tradeport Shallow Bay Portfolio, a collection of nine industrial buildings totaling 641,631 square feet in Hartford County. The portfolio features an average building size of 71,292 square feet, average vintage of 1997 and an average clear height of 25 feet. John Huguenard, Michael Restivo, David Coffman, Tommy Hovey and Shawn McMahon of JLL represented the seller, INDUS Realty Trust, in the transaction. The buyer and sales price were not disclosed. The portfolio was 98 percent leased to 19 tenants at the time of sale.
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