Connecticut

NKF Negotiates 26,600 SF Office, Industrial Lease in Trumbull, Connecticut

by Alex Patton May 8, 2020

TRUMBULL, CONN. — Newmark Knight Frank (NKF) has arranged a 26,600-square-foot office lease for Power Home Remodeling Group in Trumbull, a western suburb of New Haven. The space is located at 60 Commerce Drive, within a 67,000-square-foot building that houses a three-story office building and an adjacent warehouse with a 30-foot ceiling height. Tim Rorick, Torey Walsh and Jack McDermott of NKF represented the owners, CH Commerce Drive Associates LLC and City Park Commerce Drive LLC, in the transaction. Jay Hruska and Brian Scruton of Cushman & Wakefield represented the tenant.

May 8, 2020

Connecticut Development Multifamily Northeast

Belfonti Cos. Breaks Ground on $50M Apartment Community in Cromwell, Connecticut

by Alex Patton May 1, 2020

CROMWELL, CONN. — Belfonti Cos. has broken ground on a $50 million luxury apartment community in Cromwell, a southern suburb of Hartford. Located off Country Squire Road near State Route 372, the property will feature of 160 units. Amenities will include a 4,500-square-foot community center, an outdoor swimming pool and a lounge area with grills and fire pits. The property will also be located four miles from the TPC River Highlands Golf Course. Construction is slated to be complete within the next two years.

May 1, 2020

Connecticut Leasing Activity Northeast Office

Community Health Resources Signs 11,060 SF Office Lease Building in Willimantic, Connecticut

by Alex Patton May 1, 2020

WILLIMANTIC, CONN. — Nonprofit healthcare provider Community Health Resources (CHR) has signed an 11,060-square-foot office lease for an entire single-tenant building in Willimantic, located approximately 25 miles east of Hartford. The property is located at 1310 Main St. in the Tyler Square retail center. CHR offers a range of behavioral healthcare services pertaining to mental illness, addictions, trauma and homelessness. Bob Pagani of Colliers International represented CHR in the lease negotiations. Ron Lyman of Lyman Real Estate represented the landlord, Norwich Realty Inc.

May 1, 2020

Connecticut Leasing Activity Northeast Retail

Caribbean Grocer Signs 800 SF Retail Lease in Milford, Connecticut

by Alex Patton April 28, 2020

MILFORD, CONN. — Ethnic grocer Caribbean Corner Store LLC has signed an 800-square-foot retail lease in Milford, a western suburb of New Haven. The property is located at 225 Research Drive, a redeveloped warehouse constructed in 1988.. Bill Clark of The Geenty Group represented Caribbean Corner Store in the lease negotiations. Clark also represented the landlord, D’Amato Investments LLC.

April 28, 2020

Connecticut Leasing Activity Northeast Retail

Milford Performing Arts Center to Open 1,600 SF Dance Facility in Connecticut

by Alex Patton April 27, 2020

MILFORD, CONN. — Milford Performing Arts Center (MPAC) will open a 1,600-square-foot dance facility in Milford, a western suburb of New Haven. The property is located at 225 Research Drive, a redeveloped warehouse constructed in 1988. Bill Clark of The Geenty Group represented MPAC in the lease negotiations. Clark also represented the landlord, D’Amato Investments LLC.

April 27, 2020

Connecticut Loans Multifamily Northeast

M&T Bank Provides $24.5M Construction Loan for Multifamily Building in Danbury, Connecticut

by Alex Patton April 24, 2020

DANBURY, CONN. — M&T Bank has provided a $24.5 million construction loan for Brookview Commons Phase II, a 145-unit multifamily building in Danbury, located approximately 35 miles northwest of New Haven. M&T provided the two-year, recourse loan to a partnership of co-developers BRT General Corp. and The DiMarco Group. Phase II of Brookview Commons will be developed at a site located at 333 Main St., directly across from the existing 115 units at Brookview Commons. Phase II will feature 18 studios, 80 one-bedroom and 47 two-bedroom units. The construction schedule was undisclosed. John Harrington of HK Real Estate Advisors arranged the loan.

April 24, 2020

Connecticut Leasing Activity Northeast Retail

AutoZone Signs 7,500 SF Retail Lease in Branford, Connecticut

by Alex Patton April 20, 2020

BRANFORD, CONN. — AutoZone has signed a 7,500-square-foot retail lease in Branford, an eastern suburb of New Haven. The auto parts retailer will be the principle tenant of the 9,331-square-foot building, which is located at 854 W. Main St., Route 1. Kevin Daly of Sullivan Hayes Northeast represented AutoZone in the lease negotiations. Ron Lyman of Lyman Real Estate represented the landlord, LA-IN-USA LLC.

April 20, 2020

Acquisitions Connecticut Northeast Retail

Marcus & Millichap Arranges $1.8M Sale of Net-Leased Gas Station in Waterford, Connecticut

by Alex Patton April 17, 2020

WATERFORD, CONN. — Marcus & Millichap has arranged the $1.8 million sale of Stop & Shop Gas, a 44,431-square foot, net-leased property located in Waterford, located approximately 45 miles east of West Haven. Located at 155 Boston Post Road, the property was built in 2009 and offers immediate access to State Route 1. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller, a private investor, in the transaction. The team also represented the buyer, another private investor. Both parties requested anonymity.

April 17, 2020

Acquisitions Connecticut Industrial Northeast Office

G&G Investment Group Acquires 33,270 SF Industrial, Office Building in Branford, Connecticut

by Alex Patton April 13, 2020

BRANFORD, CONN. — G&G Investment Group, a New Haven-based investment firm, has acquired a 33,270-square-foot industrial and office building in Branford, an eastern suburb of New Haven. The sales price was $1.7 million. Located at 32 Commerce Drive, the building comprises approximately 10,000 square feet of office space and a 24,000-square-foot warehouse. The property also features a 16,576-square-foot covered loading and vehicle parking area which can be enclosed for additional warehouse space. Bill Clark of The Geenty Group represented G&G Investment Group in the transaction. Frontier Communications was the seller.

April 13, 2020

Acquisitions Connecticut Industrial Northeast

Gofsco LLC Sells Industrial Development Site in Old Lyme, Connecticut

by Alex Patton April 13, 2020

OLD LYME, CONN. — Gofsco LLC has sold nine acres zoned for light industrial development in Old Lyme, located approximately 40 miles southeast of Hartford. The site located at 50 Hatchetts Hill Road was vacant at the time of sale and offers convenient access to Interstate 95. Ron Lyman of Lyman Real Estate represented Gofsco LLC in the transaction. A private investor purchased the property for an undisclosed price.

April 13, 2020

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