MILFORD, CONN. — NorthMarq Capital has secured a $6.7 million refinancing for Robert Treat Apartments, a 124-unit multifamily community in Milford. The property is located at 30-60 Robert Treat Drive, eight miles northeast of Bridgeport. Robert Ranieri of NorthMarq arranged a fixed-rate loan with a 10-year, interest-only term on behalf of the borrower, Robert Treat Associates LLC. The lender was Freddie Mac.
WEST HARTFORD, CONN. — NKF Capital Markets has secured a $19.5 million acquisition loan for Cove West Hartford, a 200-unit apartment community in West Hartford. Dustin Stolly, Jordan Roeschlaub and Daniel Fromm of NKF secured financing on behalf of CS Acquisitions Group through an equity investor. The six-building complex is located approximately two miles from downtown Hartford. The seller was not disclosed.
MIDDLETOWN, CONN. — Axiom Capital has secured a $17 million permanent loan for an office building in Middletown. The undisclosed borrower plans to completely renovate the 85,000-square-foot building. The lender was a life insurance company. When completed, the property will expand to 90,000 square feet and include 316 parking spaces. Amenities will include classrooms, an auditorium, a café with indoor and outdoor seating and a fitness center.
MONTVILLE, CONN. — Lyman Real Estate has orchestrated the sale of a 20-acre land parcel located at 90 Maple Ave. in Montville. The sales price was undisclosed. Ron Lyman of Lyman Real Estate represented the buyer, Horace Lindo of Lindo Construction, a local general contractor, in the transaction. The seller was Lawrence Legg of Salem. No development plans have been announced for the parcel.
HAMDEN, CONN. — HK Group has brokered the $136 million sale of Town Walk at Hamden Hills in Hamden. The garden-style community, which is located at 100 Town Walk Drive, features 764 units and sits on a 44-acre site. Matthew Keefe and Ricardo E. Cordido of HK Group represented the buyer, Jones Street Investment Partners, and the seller, Baker Properties, in the transaction. AvalonBay Communities built the property in the 1990s.
STAMFORD, CONN. — Greystone has provided a $33.6 million acquisition loan for Park Square West, a 143-unit, affordable housing community in Stamford. Dan Sacks of Greystone provided the financing to a New Jersey-based borrower who purchased the property for $42 million. The Fannie Mae acquisition financing features a 12-year fixed rate and five years of interest-only payments. Built in 2001, 20 percent of the units at the property are reserved for renters earning 50 percent of the area median income. Amenities at the community include a rooftop sundeck, fitness center and gated parking.
WESTPORT, CONN. — Vidal/Wettenstein Commercial Real Estate has brokered the $1.1 million sale of a 4,000-square-foot office building in Westport. The buyer, a local developer, plans to renovate the building to establish its own office and lease out the remaining space for professional use. The seller was undisclosed. David Fugitt, SIOR, a partner with Vidal/Wettenstein Commercial Real Estate was the sole broker involved in the transaction
WESTPORT, CONN. — The HK Group has orchestrated the $1.2 million sale of a two-building, 5,571-square-foot office property in Westport. The complex is fully leased to a tenant roster that includes luxury homes builder Milton Development, an Allstate Insurance Agency and Backspace Westport. The seller was Argentini Corp. of Sarasota, Florida, which acquired the property in 1982. Millennium Brothers LLC. purchased the property as part of a 1031 exchange.
WEST HARTFORD, CONN. — CS Acquisition Group LLC has purchased Westwood Apartments, a six-building, 200-unit apartment community in West Hartford for $20.8 million. The complex is the largest market-rate multifamily property in West Hartford by number of units and was constructed in 1971. Victor Nolletti and Wes Klockner of Institutional Property Advisors represented the seller, Westwood Apartments LLC, in the transaction.
NORTH HAVEN, CONN. — Press/Cuozzo Commercial Services has orchestrated the sale of a 5,742-square-foot retail property in North Haven. Kitchen Advantage LLC acquired the vacant property for an undisclosed price and will relocate its kitchen design showroom to the location. Stephen Press of SIOR represented the seller, 278 State Street LLC, in the transaction. The property sits on a 0.6-acre corner lot at 276-278 State St.