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Connecticut

The-Coastline-Stamford
ConnecticutDevelopmentLoansMultifamilyNortheast

3650 Capital Provides $32M Mezzanine Loan for Stamford Multifamily Project

by Taylor Williams

STAMFORD, CONN. — Miami-based lender 3650 Capital has provided a $32 million mezzanine loan for The Coastline, a 198-unit multifamily project that will be located in the southern coastal Connecticut city of Stamford. The Coastline, which will be located in the city’s downtown area, will rise 13 stories and will include 17 units that will be subject to income restrictions, as well as 4,500 square feet of retail space. The amenity package will consist of a fourth-floor pool and outdoor lounge, a 14th-floor rooftop deck with a dog run, fitness center, a children’s play area, tenant lounge, multiple conference rooms and a bocce ball court. Perkins Eastman is the project architect, and KL Masters Construction Co. is the general contractor. Bank OZK is the senior lender. Newmark arranged the mezzanine loan on behalf of the developer, a partnership led by local developer F.D. Rich Co. Completion is slated for summer 2027.

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AcquisitionsConnecticutMultifamilyNortheastSeniors Housing

Benchmark Senior Living, National Development Buy 71-Unit Complex in Newtown, Connecticut

by Taylor Williams

NEWTOWN, CONN. — A partnership between an affiliate of Benchmark Senior Living and National Development has purchased Church Hill Village, a 71-unit seniors housing property in Newtown, located in southern Connecticut’s Fairfield County. The facility offers independent living, assisted living and memory care services. Amenities include several dining venues, a creative studio, entertainment room, hair salon, physical therapy room and a putting green. Webster Bank financed the acquisition. The seller and sales price were not disclosed. The new ownership has rebranded the facility as Benchmark at Newtown.

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ConnecticutLoansNortheastRetail

Atlantic Capital Partners Arranges $23M Refinancing of Retail Building in Norwalk, Connecticut

by Taylor Williams

NORWALK, CONN. — Atlantic Capital Partners, the capital markets advisory division of regional brokerage firm Atlantic Retail, has arranged a $23 million loan for the refinancing of a retail building located in the southern coastal Connecticut city of Norwalk. The building at 100 Connecticut Ave. is ground-leased to Lowe’s Home Improvement on a long-term basis. Stephen Joseph and Stephen Hassenflu arranged the fixed-rate loan on behalf of the owner, Hall Investments. The direct lender was not disclosed.

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Hyatt-Regency-Greenwich
AcquisitionsConnecticutHospitalityNortheast

Trinity Investments Sells Majority Interest in 374-Room Hyatt Regency Greenwich Hotel

by Taylor Williams

GREENWICH, CONN. — Hawaii-based Trinity Investments has sold a majority interest in the 374-room Hyatt Regency Greenwich hotel in southern coastal Connecticut. The percentage was not disclosed. The building served as a printing press for Condé Nast from 1921 to 1967 before being redeveloped into a hotel. Trinity bought the hotel from Hyatt in late 2022 and subsequently implemented a $35 million capital improvement program. Today, the Hyatt Regency Greenwich features an indoor pool, fitness center, salon and 35,000 square feet of meeting and event space. The buyer was an affiliate of Certares Real Estate Management LLC.

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AcquisitionsConnecticutIndustrialNortheast

Colliers Negotiates Sale of 30,829 SF Industrial Building in Farmington, Connecticut

by Taylor Williams

FARMINGTON, CONN. — Colliers has negotiated the sale of a 30,829-square-foot industrial building in Farmington, located just west of Hartford. The sales price was $1.9 million. According to LoopNet Inc., the building at 145 Hyde Road was constructed on 6.5 acres in 1966 and features a clear height of 16 feet and two dock-high loading doors. Christian Dietz of Colliers brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsConnecticutHealthcareNortheast

Chozick Realty Negotiates $10.5M Sale of Connecticut Medical Office Portfolio

by Taylor Williams

HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $10.5 million sale of a portfolio of three medical office properties totaling 94,400 square feet in Connecticut. The portfolio comprises the two-building, 66,000-square-foot Twin Ponds Office Centre in Tolland; Windham Professional Park, a two-building, 16,400-square-foot complex in Windham; and Ledgebrook North, a 12,000-square-foot, three-building property in Mansfield. Tom Boyle of Chozick represented the undisclosed seller in the deal.

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AcquisitionsConnecticutMultifamilyNortheast

NEPCG Arranges $5.2M Sale of Apartment Building in West Haven, Connecticut

by Taylor Williams

WEST HAVEN, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $5.2 million sale of a 40-unit apartment building in the southern coastal Connecticut city of West Haven. According to Apartments.com, the three-story building at 295 Elm St. was originally constructed in 1960. Bradley Balletto, Rich Edwards, Jeff Wright and Derek Mahabir of NEPCG represented the local seller, CT Realty Trust, in the transaction and procured the buyer, an undisclosed, New York City-based private investor.

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AcquisitionsConnecticutNortheastOfficeRetail

O,R&L Commercial Arranges $2.7M Sale of Retail, Office Complex in Cheshire, Connecticut

by Taylor Williams

CHESHIRE, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $2.7 million sale of Country Plaza, a 26,000-square-foot office and retail complex in Cheshire, located roughly midway between Hartford and New Haven. The property is home to a mix of food-and-beverage, service retail and healthcare users. Toby Brimberg of O,R&L represented the undisclosed seller and the buyer, Kisco Funding Group, in the deal.

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Cove-West-Hartford
AcquisitionsConnecticutMultifamilyNortheast

IPA Negotiates Sale of 200-Unit Apartment Complex in West Hartford, Connecticut

by Taylor Williams

WEST HARTFORD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a 200-unit apartment complex in West Hartford. Built in 1971, Cove West Hartford offers one- and two-bedroom units with average sizes of 803 and 1,103 square feet, respectively. Amenities include a clubhouse with a community room, an outdoor patio, pergola and a firepit. Eric Pentore, Victor Nolletti, Wes Klockner and Ross Friedel of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsConnecticutMultifamilyNortheast

NEPCG Negotiates $25.4M Sale of Multifamily Property in Groton, Connecticut

by Taylor Williams

GROTON, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $25.4 million sale of a 141-unit multifamily property in Groton, located in southern coastal Connecticut. Groton Townhomes offers one-, two- and three-bedroom units as well as outdoor dining and gathering spaces. Bradley Balletto of NEPCG represented the New Jersey-based seller in the transaction and procured the buyers, Rowin Capital and its affiliate, Penlane Real Estate.

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