Connecticut

East-Hartford-Logistics-&-Technology-Park

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.

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail
The-Residence-at-Selleck's-Wood-Darien-Connecticut

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.

FacebookTwitterLinkedinEmail
945-Summer-St.-Stamford

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.

FacebookTwitterLinkedinEmail
Abbey-Lane-Apartments-Danbury

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.

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail
300-Atlantic-Street-Stamford

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.

FacebookTwitterLinkedinEmail