Connecticut Archives - REBusinessOnline https://rebusinessonline.com/category/northeast/connecticut/ Commercial Real Estate from Coast to Coast Wed, 20 May 2026 14:01:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png Connecticut Archives - REBusinessOnline https://rebusinessonline.com/category/northeast/connecticut/ 32 32 Chozick Realty Negotiates $3.2M Sale of Hartford Apartment Building https://rebusinessonline.com/chozick-realty-negotiates-3-2m-sale-of-hartford-apartment-building/ Wed, 20 May 2026 14:01:32 +0000 https://rebusinessonline.com/?p=457010 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.

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Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT https://rebusinessonline.com/sachem-capital-irg-enter-into-agreement-to-create-3-4b-industrial-reit/ Mon, 18 May 2026 12:04:00 +0000 https://rebusinessonline.com/?p=456848 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…

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Cushman & Wakefield Brokers Sale of 288,795 SF Office Campus in Wallingford, Connecticut https://rebusinessonline.com/cushman-wakefield-brokers-sale-of-288795-sf-office-campus-in-wallingford-connecticut/ Fri, 15 May 2026 13:12:39 +0000 https://rebusinessonline.com/?p=456676 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.

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Chozick Realty Arranges $3M Sale of Student Housing Building in Mansfield, Connecticut https://rebusinessonline.com/chozick-realty-arranges-3m-sale-of-student-housing-building-in-mansfield-connecticut/ Fri, 15 May 2026 13:00:10 +0000 https://rebusinessonline.com/?p=456674 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.

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NEPCG Arranges $17.3M Sale of Multifamily Portfolio in New London, Connecticut https://rebusinessonline.com/nepcg-arranges-17-3m-sale-of-multifamily-portfolio-in-new-london-connecticut/ Thu, 14 May 2026 13:21:06 +0000 https://rebusinessonline.com/?p=456605 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.

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IPA Negotiates Sale of 42-Unit Pomeroy Place Apartments in Meriden, Connecticut https://rebusinessonline.com/ipa-negotiates-sale-of-42-unit-pomeroy-place-apartments-in-meriden-connecticut/ Tue, 12 May 2026 14:18:27 +0000 https://rebusinessonline.com/?p=456440 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.

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O,R&L Commercial Arranges $6M Sale of Industrial Building in Branford, Connecticut https://rebusinessonline.com/orl-commercial-arranges-6m-sale-of-industrial-building-in-branford-connecticut/ Mon, 11 May 2026 13:52:20 +0000 https://rebusinessonline.com/?p=456347 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.

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Webster Bank Provides $33.2M Refinancing of Industrial Property in South Windsor, Connecticut https://rebusinessonline.com/webster-bank-provides-33-2m-refinancing-of-industrial-property-in-south-windsor-connecticut/ Tue, 05 May 2026 14:13:58 +0000 https://rebusinessonline.com/?p=455981 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.

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Reports: Walmart Acquires East Hartford Industrial Building for $212M https://rebusinessonline.com/reports-walmart-acquires-east-hartford-industrial-building-for-212m/ Thu, 30 Apr 2026 13:45:00 +0000 https://rebusinessonline.com/?p=455656 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.

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JLL Brokers Sale of 641,631 SF Industrial Portfolio in Hartford County, Connecticut https://rebusinessonline.com/jll-brokers-sale-of-641631-sf-industrial-portfolio-in-hartford-county-connecticut/ Tue, 28 Apr 2026 13:43:46 +0000 https://rebusinessonline.com/?p=455483 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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CBRE Negotiates $21.4M Sale of Shopping Center in Wallingford, Connecticut https://rebusinessonline.com/cbre-negotiates-21-4m-sale-of-shopping-center-in-wallingford-connecticut/ Mon, 27 Apr 2026 14:00:29 +0000 https://rebusinessonline.com/?p=455376 WALLINGFORD, CONN. — CBRE has negotiated the $21.4 million sale of a 115,000-square-foot shopping center in Wallingford, located roughly midway between Hartford and New Haven. Wallingford Fair Shopping Center is home to a ShopRite supermarket, Petco store and a self-storage facility. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

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Harrison Street Acquires Two Seniors Housing Communities in Southern Connecticut https://rebusinessonline.com/harrison-street-acquires-two-seniors-housing-communities-in-southern-connecticut/ Thu, 23 Apr 2026 13:25:20 +0000 https://rebusinessonline.com/?p=455198 DARIEN AND STAMFORD, CONN. — Chicago-based owner-operator Harrison Street has acquired two seniors housing communities totaling 216 units in southern Connecticut. The Residence at Selleck’s Woods in Darien totals 102 independent living, assisted living and memory care units and was completed in 2019. Amenities include a private theater, billiards room, salon, library, activity space and restaurant-style dining rooms. The Residence at Summer Street in Stamford features 104 units of independent living, assisted living and memory care and offers similar amenities. Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL represented the seller, a partnership between LCB Senior Living and Virtus Real Estate Capital, in the transaction.

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CBRE Arranges Sale of Three-Building Medical Office Portfolio in Stamford, Connecticut https://rebusinessonline.com/cbre-arranges-sale-of-three-building-medical-office-portfolio-in-stamford-connecticut/ Tue, 21 Apr 2026 13:36:36 +0000 https://rebusinessonline.com/?p=454933 STAMFORD, CONN. — CBRE has arranged the sale of a portfolio of three medical office buildings in the southern coastal Connecticut city of Stamford. The portfolio’s square footage was not disclosed. The buildings at 945, 999 and 1275 Summer Street are home to 15 different medical and dental practices in fields such as orthopedics, pediatrics, orthodontics and female reproductive health. Jeff Dunne, Steve Bardsley, Travis Langer, Brannan Knott and Chris Bodnar of CBRE represented the seller, Summer Street Properties, in the transaction. CBRE also procured the buyer, an affiliate of Albany Road Real Estate Partners.

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Newmark Provides $111.4M Agency Loan for Refinancing of Multifamily Property in Danbury, Connecticut https://rebusinessonline.com/newmark-provides-111-4m-agency-loan-for-refinancing-of-multifamily-property-in-danbury-connecticut/ Fri, 17 Apr 2026 13:30:00 +0000 https://rebusinessonline.com/?p=454714 DANBURY, CONN. — Newmark has provided a $111.4 million Fannie Mae loan for the refinancing of Abbey Lane Apartments, a 470-unit multifamily property located in the southern Connecticut city of Danbury. Abbey Lane Apartments features studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances and in-unit washers and dryers. Select residences offer private patios or balconies. Amenities include a pool, coworking lounge and a children’s playroom. Rob Cantizano, Greg Primiano and Deric Obeldobel of Newmark originated the financing on behalf of the owner, Abacus Capital Group.

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Greystone Funds $49.2M Agency Refinancing for Apartment Building in Norwalk, Connecticut https://rebusinessonline.com/greystone-funds-49-2m-agency-refinancing-for-apartment-building-in-norwalk-connecticut/ Fri, 17 Apr 2026 13:20:00 +0000 https://rebusinessonline.com/?p=454712 NORWALK, CONN. — Greystone has funded a $49.2 million Fannie Mae loan for the refinancing of SoNo Central, a 150-unit apartment building located in the southern coastal Connecticut city of Norwalk. Built in 2024, SoNo Central rises six stories and offers studio, one- and two-bedroom residential units in addition to 12 commercial spaces. Amenities include a pool, fitness center, community great room, bocce ball court and outdoor grilling and dining stations. Clint Darby and Andrew Remenschneider of Greystone originated the financing on behalf of the owner, Spinnaker Real Estate Partners.

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UniUni Logistics Signs 43,104 SF Industrial Lease in Meriden, Connecticut https://rebusinessonline.com/uniuni-logistics-signs-43104-sf-industrial-lease-in-meriden-connecticut/ Wed, 15 Apr 2026 13:05:46 +0000 https://rebusinessonline.com/?p=454547 MERIDEN, CONN. — UniUni Logistics Inc. has signed a 43,104-square-foot industrial lease in Meriden, located roughly midway between Hartford and New Haven. The space is located within the 119,775-square-foot building at 45 Gracey Ave. Mark Berkowitz of local brokerage firm O,R&L Commercial represented the landlord in the lease negotiations. Damon Bowers of Cushman & Wakefield represented UniUni Logistics.

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IPA Brokers $15.4M Sale of Shopping Center in Derby, Connecticut https://rebusinessonline.com/ipa-brokers-15-4m-sale-of-shopping-center-in-derby-connecticut/ Mon, 30 Mar 2026 13:16:19 +0000 https://rebusinessonline.com/?p=453381 DERBY, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $15.4 million sale of Derby Shopping Center, a 170,683-square-foot shopping center located about eight miles west of New Haven. Built in phases from 1985 to 2023 and anchored by Lowe’s Home Improvement, the center is also home to tenants such as Splash Car Wash, Webster Bank and Dunkin.’ Jim Koury of IPA, along with Henry McKenney and John Krueger of Marcus & Millichap, represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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RFR Unveils Plans for Repositioning of Stamford Office Building https://rebusinessonline.com/rfr-unveils-plans-for-repositioning-of-stamford-office-building/ Fri, 20 Mar 2026 14:15:00 +0000 https://rebusinessonline.com/?p=452783 STAMFORD, CONN. — New York City-based owner-operator RFR has unveiled plans for the repositioning of 300 Atlantic Street, a 300,000-square-foot office building in Stamford. Plans call for 10,000 square feet of additional amenity space, including a new tenant lounge, as well as a new offering of prebuilt suites. RFR also plans to elevate the building’s food-and-beverage offerings and enhance other amenity spaces, including fitness and conferencing facilities, as well as to update building exteriors and streetscape design. Ownership has tapped Newmark to lease the building.

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Chozick Realty Negotiates $4.6M Sale of Apartment Complex in New London, Connecticut https://rebusinessonline.com/chozick-realty-negotiates-4-6m-sale-of-apartment-complex-in-new-london-connecticut/ Fri, 20 Mar 2026 14:00:00 +0000 https://rebusinessonline.com/?p=452777 NEW LONDON, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $4.6 million sale of a 38-unit apartment complex in the coastal Connecticut city of New London. Garfield Avenue Apartments consists of two three-story buildings that exclusively house one-bedroom units. Jordan Pinto led the Chozick team that brokered the deal. The buyer and seller were not disclosed.

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CBRE Arranges $98.2M Sale of Retail Power Center in South Windsor, Connecticut https://rebusinessonline.com/cbre-arranges-98-2m-sale-of-retail-power-center-in-south-windsor-connecticut/ Thu, 19 Mar 2026 13:50:00 +0000 https://rebusinessonline.com/?p=452701 SOUTH WINDSOR, CONN. — CBRE has arranged the $98.2 million sale of The Shops at Evergreen Walk, a 357,742-square-foot retail power center in South Windsor, located just outside of Hartford. Whole Foods Market anchors the center, which is also home to tenants such as lululemon, Golf Lounge 18, J.Crew Factory, Gap Factory, Nike, Bluemercury, L.L. Bean, Apple, Anthropologie, Pottery Barn and Williams-Sonoma. Nat Heald led the CBRE team that represented the seller, PGIM, in the transaction. The buyer was a joint venture between Brand Street Properties and Barings. JLL structured the joint venture and also arranged $76.9 million in acquisition financing through an unnamed international bank for the deal.

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