Connecticut

JLL Provides $107.2M Agency Loan for Acquisition of Waypointe Apartments in Norwalk, Connecticut

by Taylor Williams September 25, 2020

NORWALK, CONN. — JLL has provided a $107.2 million Freddie Mac acquisition loan for The Waypointe, a 464-unit apartment community in Norwalk that also houses 56,000 square feet of retail and restaurant space. Units come in one-, two- and three-bedroom floor plans, and amenities include a fitness center, game room, saltwater pool and two parking garages totaling 1,027 spaces. Scott Aiese, Peter Rotchford, Alex Staikos and Brendan Collins of JLL arranged the loan on behalf of the borrower, Invictus Real Estate Partners. The Waypointe was 93 percent occupied at the time of the loan closing.

September 25, 2020

Connecticut Leasing Activity Northeast Office

Cara Therapeutics Signs 11,685 SF Office Lease Expansion in Stamford, Connecticut

by Taylor Williams September 22, 2020

STAMFORD, CONN. — Biotechnology firm Cara Therapeutics Inc. has signed an 11,685-square-foot office lease expansion at 107 Elm Street, the firm’s headquarters building in Stamford. John Hannigan and Adam Cognetta of Choyce Peterson Inc. represented the tenant in the lease negotiations. RFR Realty LLC owns the property.

September 22, 2020

Connecticut Leasing Activity Northeast Office

Berkeley Insurance Signs 63,173 SF Office Lease at Metro Center in Stamford, Connecticut

by Taylor Williams September 18, 2020

STAMFORD, CONN — Berkeley Insurance Co., a subsidiary of Fortune 500 company W.R. Berkeley Corp., has signed a 63,173-square-foot office lease at Metro Center, a 285,258-square-foot building in Stamford. James Ritman of Newmark Knight Frank, along with internal representative Jeffrey Newman, handled the lease negotiations on behalf of the landlord, Empire State Realty Trust (NYCE: ESRT). Belinda Scanlon of Bernard Realty represented the tenant.

September 18, 2020

Acquisitions Connecticut Industrial Northeast

Pearce Commercial Arranges Sale of 26,000 SF Industrial Facility in Branford, Connecticut

by Taylor Williams September 11, 2020

BRANFORD, CONN. — Locally based brokerage firm Pearce Commercial Real Estate has arranged the sale of a 26,000-square-foot industrial facility in Branford for $1.4 million. Carl Russell of Pearce Commercial represented the seller, IBE LLC, in the transaction. Michael Richetelli of Colonial Properties represented the buyer, MAMSCO Construction Supply LLC.

September 11, 2020

Connecticut Leasing Activity New York Northeast Retail

Wren Kitchens to Open Two Retail Showrooms Totaling 40,850 SF in New York, Connecticut

by Taylor Williams September 1, 2020

LEVITTOWN, N.Y. AND MILFORD, CONN. — Wren Kitchens, a United Kingdom-based designer and manufacturer of kitchens, has signed leases in the Long Island city of Levittown and in the Connecticut city of Milford to open retail showrooms. The spaces will span 19,500 and 21,350 square feet, respectively. Adam Weinblatt and Marc Frankel of Newmark Knight Frank represented Wren Kitchens in the lease negotiations. Brian Schuster of Ripco Real Estate represented the landlords. Both showrooms are scheduled to open by late 2020 or early 2021.

September 1, 2020

Acquisitions Connecticut Industrial Northeast

R. Calabrese Arranges Sale of 24,000 SF Warehouse, Manufacturing Building in Waterbury, Connecticut

by Taylor Williams September 1, 2020

WATERBURY, CONN. — Locally based brokerage firm R. Calabrese Agency LLC has arranged the sale of a 24,000-square-foot warehouse and manufacturing building in Waterbury, located north of New Haven. New York-based investment firm Turnpike Drive LLC purchased the asset for $1.2 million. The seller was 715 Straits Turnpike LLC. Bob Bowden of R. Calabrese represented both parties in the transaction.

September 1, 2020

Acquisitions Connecticut Healthcare Northeast

Pearce Commercial Arranges Sale of 3,398 SF Medical Office Building in West Haven, Connecticut

by Taylor Williams August 26, 2020

WEST HAVEN, CONN. — Locally based brokerage firm Pearce Commercial has arranged the sale of a 3,398-square-foot medical office building in West Haven for an undisclosed price. Carl Russell of Pearce Commercial represented the buyer and future occupant, Internal Medicine of Greater New Haven, in the transaction. Jed Backus of Backus Real Estate LLC represented the seller.

August 26, 2020

Connecticut Industrial Leasing Activity Northeast

Pearce Commercial Negotiates 4,500 SF Industrial Lease in North Haven, Connecticut

by Taylor Williams August 25, 2020

NORTH HAVEN, CONN. — Locally based brokerage firm Pearce Commercial has negotiated a 4,500-square-foot industrial lease at 355 Sackett Point Road in North Haven. According to LoopNet Inc., the property was built in 1988 and totals 64,000 square feet. Dave Melillo of Pearce Commercial represented the tenant, Greenskies Renewable Energy LLC, and the landlord, 355 Sackett Point Road LLC.

August 25, 2020

Connecticut Development Multifamily Northeast

Lattizorri Development Opens 121-Unit Harbor Heights Apartments in Mystic, Connecticut

by Taylor Williams August 21, 2020

MYSTIC, CONN. — Locally based Lattizorri Development has completed Harbor Heights, a 121-unit luxury apartment community in the coastal Connecticut city of Mystic. The property is part of the Perkins Farm master-planned community and offers one- and two-bedroom units with stainless steel appliances, nickel hardware and granite countertops. Amenities include a pool, outdoor grilling area, fitness center and a dog park. Rents start at $1,600 per month for a one-bedroom unit and $2,100 per month for a two-bedroom unit.

August 21, 2020

Connecticut Loans Northeast

Axiom Capital Arranges $8.2M in Permanent Financing for Two Commercial Buildings in Connecticut

by Taylor Williams August 21, 2020

GREENWICH AND DARIEN, CONN. — Axiom Capital Corp. has arranged $8.2 million in permanent financing for two commercial buildings in Greenwich and Darien. One of the properties was built in 1927 and features 13 apartments plus ground-floor retail space. The other building was constructed in 2007 and features office and retail space. Both assets were fully occupied at the time of the loan closing. The borrower was not disclosed.

August 21, 2020

Newer Posts

Older Posts

Upcoming Events

May
07