NEW HAVEN, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $7 million sale of York Square Broadway, a 30,262-square-foot mixed-use property in New Haven. The property consists of two buildings that were originally constructed in the early 1900s and house four one-bedroom apartments, 7,300 square feet of recently vacated office space and retail space. Tenants at the property include Campus Customs, which provides Yale-themed apparel and gifts, Mediterranean restaurant Broadway Kitchen, Blue Jay Cleaners and cosmetics chain Blue Mercury. Frank Hird of O,R,&L represented the seller and procured Yale University as the buyer.
Connecticut
FAIRFIELD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $3.1 million sale of a five-unit multifamily property in Fairfield, located in southern coastal Connecticut. According to LoopNet Inc., the building at 1903 Post Road was originally constructed in 1924. Brad Balletto, Robert Paterno, Rich Edwards and Jeff Wright of NECPG represented the buyer and seller, both of which requested anonymity, in the transaction.
TORRINGTON, CONN. — Colliers has brokered the sale of 245 Alvord Park, a 37,731-square-foot medical office complex in Torrington, a western suburb of Hartford. Litchfield Hills Orthopedic Associates, an affiliate of Hartford Healthcare, anchors the property. An entity doing business as IJAN 2 CT Realty LLC sold the asset to a partnership between Boston-based Sendero Capital and alternative asset manager Angelo Gordon for $8.1 million. Phil Gagnon, Ian Hunt and John Cafasso of Colliers brokered the deal.
CHESHIRE, CONN. — Locally based brokerage firm O,R&L Commercial has negotiated the $1.6 million sale of a 25,320-square-foot industrial building in Cheshire, located roughly midway between Hartford and New Haven. The building is situated on a 2.3-acre site at 1187 Highland Ave. and was 88 percent leased at the time of sale. Richard Lee and Will Braun of O,R&L Commercial represented both the seller, Marshall Enterprises, in the transaction and procured the buyer, Dattco Inc.
NEWTOWN, CONN. — Arrowhead Properties has purchased a 17,557-square-foot shopping center that is situated along Church Hill Road in Newtown, located in the southern coastal part of Connecticut. An entity doing business as Church Hill & Queen LLC sold the property for $3.4 million. Bruce Wettenstein of Vidal/Wettenstein represented the seller in the transaction. Joe Wrinn and Garett Palmer of Coldwell Banker Commercial represented Arrowhead Properties.
GRISWOLD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $30 million sale of Pleasant View Estates, a 102-unit, newly built multifamily property in Griswold, located near the Connecticut-Rhode Island border. The unit mix consists of two-bedroom apartments with an average size of 1,036 square feet and three-bedroom townhouses that range in size from 1,363 to 1,693 square feet. Amenities include a clubhouse, game room, playground and walking/biking trails. Rick Chozick of Chozick Realty brokered the deal. The buyer and seller were not disclosed.
NORWALK AND BRIDGEPORT, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $3.6 million sale of two multifamily properties in southern coastal Connecticut. The building at 33 Woodbury Ave. in Norwalk totals eight units, and the building at 1421 Fairfield Ave. in Bridgeport totals 25 units. The buyers and sellers in both deals requested anonymity. Brad Balletto Jeff Wright, Rich Edwards, Bob Paterno, Chris Bierezowiec and Pat Hegarty of NEPCG brokered the deals.
ASHFORD, CONN. — Northeast Private Client Group (NEPCG) has arranged the $6.1 million sale of Ashford Hills Apartments, a 52-unit multifamily property located on the eastern outskirts of Hartford. According to Apartments.com, the property was built in 1969 and offers one-, two- and three-bedroom units that range in size from 625 to 1,014 square feet. Taylor Perun and Cameron Formica of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
GLASTONBURY AND SOUTH WINDSOR, CONN. — Amazon has launched two delivery centers totaling 285,000 square feet in Connecticut. The facilities in Glastonbury and South Windsor total 105,000 and 180,000 square feet, respectively, and will ultimately employ more than 250 people on full- and part-time bases over the next few months. Amazon delivery stations offer entrepreneurs opportunities to build their own businesses delivering packages and independent contractors the flexibility to create their own distribution schedules.
ENFIELD, CONN. — Regional developer WinStanley Enterprises has acquired a 135-acre industrial development site in Enfield, located near the Connecticut-Massachusetts border. The site is fully approved for the development of a two-building, 600,000-square-foot complex that will be known as Metro Park North. Specifically, the development will feature a 500,225-square-foot distribution facility and a 100,125-square-foot flex building. WinStanley expects to start construction in early to mid-2024, contingent upon securing tenant interest. Phil Gagnon and Nick Morizio of Colliers represented the seller and buyer in the land deal. Colliers will also handle leasing of the development.
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