REBusinessOnline

SRS Brokers $2.6M Sale of Single-Tenant Retail Asset in Torrington, Connecticut

TORRINGTON, CONN. — Dallas-based SRS Real Estate Partners has brokered the $2.6 million sale of a single-tenant retail property that is net leased to AFC Urgent Care in Torrington, Connecticut, located west of Hartford. The tenant’s lease term is 15 years. Britt Raymond and Kyle Fant of SRS represented the Connecticut-based seller, which completed construction of the property earlier this year. Terri Frohnmayer of First Commercial Oregon represented the Oregon-based buyer, which acquired …

Arbor Realty Trust Provides $7.5M Fannie Mae Loan for Community in Connecticut

HAMDEN, CONN. — Arbor Realty Trust Inc. has provided $7.5 million in Fannie Mae DUS financing for Meadow Mills Assisted Living & Memory Care in Connecticut. Located on two acres in Hamden, just north of New Haven near Long Island Sound, the property offers 60 units of assisted living and memory care. The loan includes a 10-year, fixed-rate term on a 30-year amortization schedule and will be used to refinance existing debt. Ari Short of Arbor’s New York City office originated the …

Sheldon Gross Realty Brokers $30M Sale of Seven Office, Industrial Buildings in Fairfield, Connecticut

FAIRFIELD, CONN. — West Orange, New Jersey-based brokerage firm Sheldon Gross Realty has closed the $30 million-plus sale of seven office and industrial buildings totaling 315,800 square feet in the coastal Connecticut city of Fairfield. The buyer was an institutional investment firm and the seller was undisclosed. Robert Nathin of Sheldon Gross Realty, which has also managed the properties for the past two decades, brokered the

Thorofare Capital Provides $53.5M Loan for Refinancing of Apartment Community in Connecticut

NORWALK, CONN. — Los Angeles-based Thorofare Capital has provided a $53.5 million loan for the refinancing of a 198-unit apartment community in Norwalk, located between Stamford and Bridgeport in coastal Connecticut. The name of the property, which includes 10,350 square feet of retail space and a 228-space parking garage, was not disclosed. The nonrecourse loan carries a five-year term and a floating interest rate. The borrower was also

Lyman Real Estate Negotiates Sale of 23-Acre Land Parcel in Oakdale, Connecticut

OAKDALE, CONN. — Lyman Real Estate has negotiated the sale of a 23-acre vacant land parcel in the Montville village of Oakdale. Located at 105 Cottage Road, the property has frontage on Gardener Lake. Ron Lyman of Lyman Real Estate represented both the undisclosed buyer and the seller, Saint Thomas More School Endowment & Development, in the

Chozick Realty Orchestrates $7.5M Sale of Fractured Condominium Complex

HARTFORD, CONN. — Chozick Realty has arranged the $7.5 million sale of Wickham Garden, a fractured condominium in Hartford. Located at 1267 Burnside Ave., the 100-unit complex was built in the mid-1960s and declared a condominium in 1988. Only 10 units were sold at that time, leaving the property as a “fractured” condominium complex with 90 apartment units. Rick Chozick of Chozick Realty represented the seller in the transaction, who acquired the property in the mid-1990s. The buyer was …

Chozick Realty Negotiates $14.3M Sale of Student Housing Complex at University of Connecticut

HARTFORD, CONN. — Chozick Realty has arranged the $14.3 million sale of Willington Oaks, a 128-unit student housing complex at the University of Connecticut in Hartford. The property includes 64 one-bedroom flats and 64 two-bedroom townhouses. Willington Oaks has recently undergone extensive updates including new boilers, roofs, windows, septic systems and connection to municipal water. The property routinely maintains occupancy close to 100 percent. Rick Chozick and Steve Pappas of Chozick …

IPA Brokers $28.5M Sale of Multifamily Property in Connecticut

BEACON FALLS, CONN. — Institutional Property Advisors has arranged the $28.5 million sale of Beacon Mill Village, an eight-building, 188-unit multifamily property in Beacon Falls. Located at Two North Main St., the property was originally constructed between 1851 and 1911 as a mill. The buildings were converted to apartment units in 1988. Victor Nolletti, Eric Pentore of IPA and Was Klockner of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also …

Cushman & Wakefield Arranges 30,000 SF Office Lease in Danbury, Connecticut

DANBURY, CONN. — Cushman & Wakefield has arranged a 30,000-square-foot lease for Christian-nonprofit organization Guideposts at 39 Old Ridgebury Road in Danbury. Built in 1982 as the headquarters of Union Carbide, the property consists of 700,000 square feet of office space, 400,000 square feet of residential apartments and 100,000 square feet of conference and event space. Adam Klimek, Kathleen Fazio, Meredith Siburn, Bill Montague and Brian Scruton of Cushman & …

FujiFilm North America Signs 3,976 SF Office Lease in Connecticut

TRUMBULL, CONN. — FujiFilm North America Group has signed a 3,976-square-foot office lease in Trumbull. Located at 204 Spring Hill Road, the 40,705-square-foot building was built in 1990. Jon Angel of Angel Commercial represented the landlord, Trefoil Park Properties LLC, in the transaction. FujiFilm will relocate from an office in

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