NORWALK, CONN. — Cushman & Wakefield has brokered the $12 million sale of a 2.3-acre multifamily development site in the downtown area of the southern coastal Connecticut city of Norwalk. The buyer, RMS Cos., plans to develop a six-story, 204-unit building on the site at 370 West Ave., which formerly housed a YMCA. Al Mirin, Kate Schwartz, Matthew Torrance, Jim Fagan, Gerry Lees and Maureen O’Boyle of Cushman & Wakefield represented the seller, Norwalk Hospital, in the transaction.
FAIRFIELD, CONN. — Locally based brokerage firm Angel Commercial has negotiated the $2.4 million sale of a 4,500-square-foot retail property in the southern coastal Connecticut city of Fairfield. The property at 1610 Post Road is located in the downtown area and is fully leased to tenants such as Greek restaurant Lantern Point Taverna, confectionary Bonkers Cupcakes and boutique clothing store BoHo Prep. Jon Angel of Angel Commercial brokered the deal. The buyer and seller were not disclosed.
MANCHESTER, CONN. — Marcus & Millichap has brokered the $19.2 million sale of Manchester Parkade, a 302,000-square-foot shopping center located on the eastern outskirts of Hartford. Tenants at the center, which originally opened in 1962, include Dollar Tree, Planet Fitness, Kidzone and the State of Connecticut Department of Children’s Services. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, the estate of Leon Charney, in the transaction. The buyer was not disclosed. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.
SOUTH WINDSOR, CONN. — Whole Foods Market will open a 43,406-square-foot store at The Shops at Evergreen Walk in South Windsor, a suburb of Hartford, on Jan. 17. The store, which will be the Austin-based grocer’s fifth in the Hartford area, will offer more than 1,000 locally sourced items and will feature full-service meat and seafood counters, a bakery, prepared foods section and a wellness and beauty section.
ROCKY HILL, CONN. — Locally based brokerage firm Chozick Realty has arranged the $11 million sale of Hillview Plaza, a 33,799-square-foot retail center located in Rocky Hill, roughly 10 miles south of Hartford. Tenants at the property, which was built in 1990 and was 97 percent leased at the time of sale, include Webster Bank, Salute Restaurant and Dunkin’. Tom Boyle and Jordan Pinto of Chozick Realty represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
DERBY, CONN. — CBRE has brokered the $33 million sale of Hilltop Commons, a 198,910-square-foot shopping center in Derby, located west of New Haven. Big Y, CVS, Dollar Tree and American Freight anchor the newly redeveloped property. Other tenants include Verizon, AT&T, McDonald’s, Wendy’s and Sherwin-Williams. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, a partnership between DLC and Hutensky Capital Partners, in the transaction. Kempner Properties and Lee & Associates NYC acquired the property in partnership via a 1031 exchange.
NORWALK, CONN. — Locally based developer Seligson Properties has completed a $20 million healthcare and retail conversion project in Norwalk, located in southern coastal Connecticut. Seligson redeveloped a three-story, 27,000-square-foot historic bank building that was originally constructed in 1955 into a 24,000-square-foot medical facility for Stamford Health and a 3,000-square-foot bank branch office for Wells Fargo. The gut renovation delivered new roofing, windows, doors and lighting, as well as a covered exterior entrance. The development team also reimagined the lobby and updated the building interiors, parking areas and landscaping. Liberty Bank financed the project.
STAMFORD, CONN. — School bussing services provider First Student has signed a 31,000-square-foot industrial lease renewal in the southern coastal Connecticut city of Stamford. The space at 316 Courtland Ave. spans 115,453 square feet and features clear heights of 12 to 17 feet, nine drive-in bays, 243 parking spaces and research and development/office space. Both the tenant and the landlord, Simone Development Cos., were self-represented in the lease negotiations.
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.
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.