Connecticut

Fischer Commercial Real Estate Brokers $1.6M Acquisition of Industrial Building in Watertown, Connecticut

by Amy Works January 3, 2017

WATERTOWN, CONN. — Fischer Commercial Real Estate Specialists has arranged the acquisition of an industrial building located on 8.4 acres at 760 Frost Bridge Road in Watertown. 1 Frost Bridge Road Realty, a title-holding entity of Norwalk-Wilbert Vault Co., acquired the property from Frost Bridge Road LLC for $1.6 million. The buyer plans to relocate its operations from Bridgeport, Conn., to the 47,098-square-foot property once renovations and structural modifications are complete. Alan Fischer of Fischer Commercial Real Estate Inc. represented the buyer, while Nick Longo of Mathews Commercial Properties represented the seller in the deal.

January 3, 2017

Connecticut Industrial Northeast

Sentry Commercial Negotiates $1.2M Sale of 155,890 SF Industrial Facility in East Hartford, Connecticut

by Amy Works December 22, 2016

EAST HARTFORD, CONN. — Sentry Commercial has arranged the sale of an industrial facility located on four acres at 225 Prospect St. in East Hartford. Teds Fourth LLC acquired the 155,890-square-foot facility from The Mooney Family LLC for $1.2 million. Sentry Commercial was the sole broker in the transaction.

December 22, 2016

Connecticut Northeast Restaurant Retail

RHYS Brokers 3,500 SF Restaurant Lease in Newton, Connecticut

by Amy Works December 22, 2016

NEWTON, CONN. — RHYS represented Market Hospitality Group in the signing of a new lease at Village Lexington Gardens, located at 32 Church Hill Road in Newtown. The 3,500-square-foot space will be occupied by 5th Market Place Kitchen & Bar, a New American-style restaurant. The new restaurant is slated to open in July 2017. Ryan Stranko and Tyler Lyman of RHYS represented the tenant, while Doug Rose of Coldwell Banker Scalzo Group represented the landlord, Mesa General Contractors, in the deal.

December 22, 2016

Connecticut Northeast Office

O,R&L Commercial Negotiates Two Leases in North Haven, Connecticut, Totaling 18,668 SF

by Amy Works December 16, 2016

NORTH HAVEN, CONN. — O,R&L Commercial has arranged two leases at Universal Business Center, located at 222 Universal Drive in North Haven. In the first lease, Contract Callers Inc. has leased 10,200 square feet of office space at the business center. Frank Hird of O,R&L represented the landlord, Branco Inc., while Sandy Strickling of Broder Commercial represented the tenant. In the second lease, Z-Medica signed for 8,468 square feet of space at the business center. The medical device company develops hemostasis products. Hird represented the landlord, Branco Inc., while Jillian Moruzzi of CW Landmark represented the tenant.

December 16, 2016

Connecticut Loans New York Northeast Office

Windsor Management Corp. Receives $58M in Financing for Four Office Properties in New York, Connecticut

by Amy Works December 14, 2016

NEW YORK CITY AND RYE, N.Y., AND SHELTON, CONN. — Windsor Management Corp. has received $58 million in four separate financing transactions for office properties in New York and Connecticut. In the first loan, the company received $25 million in refinancing for a 122,630-square-foot office building located at 37 W. 26th St. in Manhattan. The 98-percent occupied property is leased to The Flatiron Room, Hog Pit BBQ and Grey Bar on the ground floor and a variety of office tenants on the upper floors. In the second deal, Windsor received $8.5 million in refinancing for a 35,916-square-foot office building located at 256 W. 36th St. in Manhattan’s Garment District. The property is fully occupied by a variety of office tenants and a clothing retailer. In the third loan, the company received $16 million in acqusition financing for a 118,658-square-foot office building located at 411 Theodore Fremd Ave. in Rye. The property is fully occupied and leased to Acadia Realty Trust, Regis and USAlliance Financial, among other tenants. In the fourth transaction, Windsor received $8.5 million in refinancing for a 163,287-square-foot office property located on 16 acres in Shelton. The property was 92 percent leased at the time of the transaction. …

December 14, 2016

Connecticut Multifamily Northeast

GAIA Real Estate Acquires 1,214-Unit Apartment Portfolio in Stamford, Connecticut

by Amy Works December 13, 2016

STAMFORD, CONN. — GAIA Real Estate and its institutional partners Menora Mivtachim Insurance, Amitim Senior Pension Funds, Psagot Investment House and CAPSSA have acquired a five-property multifamily portfolio at Harbor Point in Stamford from a joint venture between Building and Land Technology and the Lubert-Adler Real Estate Funds. The 1,214-unit portfolio consists of Postmark, 111 Harbor Point, Vault, The Key at Yale & Towne and The Lofts at Yale & Towne. The acquisition price was not released.

December 13, 2016

Connecticut Industrial Northeast Office

O,R&L Commercial Negotiates Sale of Office, Industrial Complex in New Haven, Connecticut

by Amy Works December 13, 2016

NEW HAVEN, CONN. — O,R&L Commercial has arranged the sale of a 150,000-square-foot office and industrial complex, located at 85 Willow St. in New Haven. Willow Street Equities LLC acquired the property, known as Marlin Business Center, from 85 Willow Street NH LLC for $4.5 million. The buyer plans to continue to operate the property as an office and industrial complex with 40 tenants in 16 separate buildings. The complex was originally built for Marlin Firearms in the 1800s and converted to a multi-tenant facility in the late 1970s. Rich Lee of O,R&L Commercial brokered the transaction.

December 13, 2016

Connecticut Healthcare Northeast

MedCraft Healthcare Real Estate Completes 97,000 SF Stamford Integrated Care Pavilion in Connecticut

by Amy Works December 12, 2016

STAMFORD, CONN. — MedCraft Healthcare Real Estate has completed the development of Stamford Integrated Care Pavilion, located at 29 Hospital Plaza on the main campus of Stamford Health in Stamford. Connected to the Stamford Hospital, the 97,000-square-foot facility features three levels of clinical offices on top of a 382-car parking deck. The first practices to open at the facility include Stamford Health Medical Group Electrophysiology, Cardiology and Thoracic Surgery offices. When fully operational, the facility will house various specialists and services. The project team includes Suffolk Construction and WHR Architects.

December 12, 2016

Connecticut Northeast Office Retail

Press/Cuzzo Commercial Services Arranges $10M Sale of Office, Retail Complex in Hamden, Connecticut

by Amy Works December 12, 2016

HAMDEN, CONN. — Press/Cuzzo Commercial Services’ Stephen Press and Ted Schaffer have completed the off-market sale of Hamden Center II, an office and retail complex located at 2321 Whitney Ave. in Hamden. Hamden Realty Associates sold the asset to HC2 LLC for $10 million. The property features 80,000 square feet of office space and 20,000 square feet of retail space. Stephen Press of Press/Cuzzo represented the seller, while Ted Schaffer, also of Press/Cuzzo, represented the buyer in the transaction.

December 12, 2016

Connecticut Northeast Office

RHYS Negotiates $18.5M Sale of Office Building in Greenwich, Connecticut

by Amy Works December 8, 2016

GREENWICH, CONN. — RHYS has arranged the sale of an office building located at 115 E. Putnam Ave. in downtown Greenwich. The Helen M. deKay Trust sold the property to 115 East Putnam Avenue LLC for $18.5 million. The 1.3-acre property, which is subject to a long-term ground lease, traded for more than $14 million per acre. The three-story building features 37,678 square feet of office space and 115 parking spaces. Cory Gubner and Christian Bangert of RHYS represented the seller, while Stephen Westerberg of Newmark Grubb Knight Frank represented the buyer in the transaction.

December 8, 2016

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