Connecticut

Avalon Bay Communities Sells 246-Unit Apartment Community in Milford, Connecticut, for $50.5M

by Amy Works January 12, 2018

MILFORD, CONN. — Avalon Bay Communities has completed the sale of Avalon Milford, an apartment community located in Milford. An affiliate of DSF Group acquired the property for $50.5 million. Jeffrey Dunne, Gene Pride, Simon Butler and Biria St. John of CBRE New England represented the seller in the deal. Built in 2004, the community has 246 apartments with open floorplans, gas heat and cooking, walk-in closets, full-size in-home washer/dryers and 10-foot or more vaulted ceilings on the third floor.

January 12, 2018

Connecticut Mixed-Use Multifamily Northeast Office Restaurant Retail

BLT Transforms Waterfront Property into Mixed-Use Development in Stamford, Connecticut

by Amy Works January 10, 2018

STAMFORD, CONN. — Building and Land Technology (BLT) is developing Harbor Landing, the redevelopment and rebranding of Stamford Landing and Davenport Landing in Stamford. The project will connect the Stamford Landing office complex and the Davenport Landing boatyard and residential properties. The newly connected waterfront property will be a combination of the former Stamford Landing, a 200,000-square-foot waterfront office complex, and the former Davenport Landing, featuring 218 residential rental units, two restaurants, a full-service boatyard operated by The Hinckley Co., a boardwalk and a marina with more than 120 available slips. The residential portion of the property is slated to begin leasing early this year. On-site amenities at the property include security, a shuttle to the train, a fitness center with yoga studio, marina slips, and two restaurants, Crab Shell and Prime. BLT has retained RHYS as leasing agent for the property.

January 10, 2018

Connecticut Multifamily Northeast

Chozick Realty Facilitates $8M Sale of 120-Unit Apartment Complex in East Hartford, Connecticut

by Amy Works January 10, 2018

EAST HARTFORD, CONN. — Chozick Realty has arranged the sale of Turtle Creek Apartments, a multifamily property located in East Hartford. Up Realty LLC acquired the property from Turtle Creek Realty for $8 million, or $66,666 per unit. Constructed in 1968, the 120-unit property features a mix of studio, one- and two-bedroom layouts, an indoor swimming pool, a steam room, a sauna, a commercial kitchen and dining room for resident functions, an indoor running track, a miniature golf course, fitness rooms, a billiards room, a media room and a library. Steve Pappas of Chozick Realty represented the seller and buyer in the deal.

January 10, 2018

Connecticut Multifamily Northeast

IPA Facilitates $33M Sale of 99-Unit Apartment Property Located in Shelton, Connecticut

by Amy Works January 9, 2018

SHELTON, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Avalon Huntington, a 99-unit apartment complex located at 100 Avalon Drive in Shelton. AvalonBay Communities sold the property to Inland Real Estate Acquisitions for $33 million, or $333,333 per unit. Built in 2008, Avalon Huntington features 86 townhome-style units and 67 units with direct-entry garages. Victor Nolletti and Eric Pentore of IPA represented the seller and procured the buyer in the transaction.

January 9, 2018

Connecticut Industrial Northeast

Western Express Acquires 12.8-Acre Facility in Plainfield, Connecticut, for $1.7M

by Amy Works January 8, 2018

PLAINFIELD, CONN. — Western Express, a truckload carrier, has purchased a 12.8-acre facility at 1293 Norwich Road in Plainfield. P. Camp LLC of Jewett City, Conn., sold the property for $1.7 million. The property comprises two adjacent parcels and a 30,740-square-foot building. This is will be ninth location for the Nashville, Tenn.-based truckload carrier. Ron Lyman of Lyman Real Estate Brokerage & Development represented the seller and buyer in the deal.

January 8, 2018

Connecticut Industrial Northeast

Calare Properties Acquires 175,000 SF Industrial Facility in North Haven, Connecticut

by Amy Works January 5, 2018

NORTH HAVEN, CONN. — Calare Properties has acquired a warehouse distribution facility, located at 33 Stiles Lane in North Haven, for an undisclosed price. Situated on 14 acres, the property features 175,000 square feet of warehouse and distribution space. Along with the purchase, Calare secured a 10-year lease with a supplier of chemical additives and measuring instruments, bringing the building to 100 percent occupancy, including the current tenant Millwood Inc. The one-story steel-frame warehouse features 32-foot ceilings, 18 tailboard docks and three drive-in doors. The name of the seller was not released.

January 5, 2018

Connecticut Northeast Office

Sentry Commercial Arranges $1.2M Acquisition of Office Building in West Hartford, Connecticut

by Amy Works January 3, 2018

WEST HARTFORD, CONN. — Sentry Commercial has brokered the acquisition of an office building located at 28 N. Main St. in West Hartford. North Main Holdings LLC purchased the property from Rosenfield/Hollander Associates for $1.2 million. Situated on half an acre, the property features 9,392 square feet of office space. Sentry Commercial represented the buyer, while Chozick Realty represented the seller in the deal.

January 3, 2018

Connecticut Industrial Northeast

Fischer Commercial Real Estate Brokers $1.5M Sale of Industrial Property in New Haven, Connecticut

by Amy Works January 2, 2018

NEW HAVEN, CONN. — Fischer Commercial Real Estate has arranged the sale of an industrial property located at 300 East St. in New Haven. Space Craft Holdings sold the property to 300 East Street LLC, a title-holding entity whose members are the owners of New Haven-based Luckey Climbers, for $1.5 million. Situated on 2.3 acres, the property features 27,238 square feet of space. Luckey Climbers is a bespoke design-build firm specializing in creating unique and imaginative three-dimensional climbing structures for children-oriented institutional and commercial clients. The firm plans to relocate its manufacturing and executive offices from Chapel Street in New Haven to the new property. Alan Fischer of Fischer Commercial Real Estate represented the seller and buyer in the off-market transaction.

January 2, 2018

Connecticut Multifamily Northeast Seniors Housing

Maplewood Senior Living Breaks Ground on Seniors Housing Community in Connecticut

by Amy Works December 20, 2017

SOUTHPORT, CONN. — Maplewood Senior Living has started construction of Maplewood at Southport, a 98-unit assisted living and memory care community in Southport, located between Hartford and New York City. Maplewood is building the 93,000-square-foot community on a 27-acre plot. Stein Troost Architecture of Norwalk is the architectural firm on the project. Milone & McBroom of Cheshire will serve as the landscape architects, with Landtech of Westport as civil engineers and KBE Building Corporation of Farmington as the construction manager. The project is scheduled to open in 2019. Based in nearby Westport, Maplewood currently owns and operates 15 communities in Connecticut, Massachusetts and Ohio. The company is expanding to New Jersey and has a high-profile project under construction on the Upper East Side of Manhattan.

December 20, 2017

Connecticut Multifamily Northeast

IPA Facilitates Sale of 160-Unit Multifamily Property in New Haven, Connecticut

by Amy Works December 19, 2017

NEW HAVEN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of College and Crown, a multifamily asset located at 200 College St. in New Haven. Centurion Overseas Ltd. acquired the five-story property from College Square LLC for an undisclosed price. Built in 2015, the property features 160 apartments and 18,684 square feet of commercial space. Community amenities include a lounge, a study area, a fitness center and outdoor spaces with grilling stations and pet-friendly anti-microbial faux turf. Victor Nolletti and Eric Pentore of IPA represented the seller and procured the buyer in the deal.

December 19, 2017

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