NEW CANAAN, CONN. — RHYS has facilitated the sale of an office building located at 65 Locust Ave. in New Canaan. Morina Associates LLC acquired the property from 65 Locust Avenue LLC for $11 million, or $395 per square foot. At the time of sale, the 27,843-square-foot property was fully leased. Cory Gubner and Christian Bangert of RHYS represented the seller, while Bashkim Osmani of B&A Brokers Corp. represented the buyer in the deal.
STRATFORD, CONN. — Avison Young has brokered the sale of Temple Court Medical Building, an office building located at 2590 Main St. in Stratford. Catherine J. Gong sold the three-story, 16,000-square-foot property to TimberRidge Associates for an undisclosed price. Neurological Specialists occupies the entire second floor of the property on a long-term lease. Eva Kornreich of Avison Young represented the seller, while the buyer had in-house representation.
WESTPORT, CONN. — Stamford, Conn.-based RHYS has arranged the sale of a retail building located at 950 Post Road in Westport. Ewkai 950 Post Road East LLC acquired the property for $5 million, or $756 per square foot, and plans to hold the property as a long-term investment. The 6,616-square-foot building is triple net-leased to the parent company of Men’s Wearhouse, which occupies the building. Christian Bangert and Cory Gubner of RHYS represented the buyer and seller, Forstone 950 Post LLC, in the transaction.
NORWALK, CONN. — Media Horizons Inc. has signed a lease for 12,648 square feet of office space at 800 Connecticut Ave. in Norwalk. The digital and direct marketing agency plans to relocate its headquarters to the 412,000-square-foot property, which is owned by CBRE Strategic Partners U.S. Value 7, from 40 Richards Ave. in Norwalk. David Block and Joseph Weaver of CBRE represented the landlord, while Paul Kauffman and Mark Jacobs of JLL represented the tenant in the lease transaction.
MIDDLETOWN, CONN. — CBRE has arranged the sale of Windshire Terrace, an apartment community located in Middletown. Hampshire Properties acquired the 226-unit property from an affiliate of Fairfield Residential for an undisclosed price. Built in 2000, the property features a pool, clubhouse, cyber café, fitness center, playground, picnic areas and leasing office. Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride and Eric Apfel of CBRE represented the seller in the deal.
NORWALK, CONN. — Trinity Financial has broken ground for the redevelopment of Washington Village in Norwalk. The first phase of the project will result in the construction of 80 mixed-income rental residences: 40 replacement public housing units, 18 affordable tax credit units and 22 market-rate units on two vacant parcels of land at 13 and 20 Day St. in Norwalk. Upon completion, the three-phased redevelopment will replace the present 136-unit Washington Village public housing project with a 273-unit apartment complex with 50 percent of the units designated public housing. The Norwalk Housing Authority, Norwalk Redevelopment Agency and Trinity Financial are working together on the project. The $45 million first phase is slated for completion in March 2018. Dimeo Construction Co. is serving as general contractor for the first phase.
GREENWICH, CONN. — NGKF Capital Markets, on behalf of Fareri Associates, has closed on $97.5 million in debt financing for the acquisition of Greenwich Office Park in Greenwich. The five-year, fixed-rate loan with a full-term interest-only component will be used to acquire the eight-building office park from Clarion Partners for $130 million, or $344 per square foot. Situated on 21 acres, the 380,561-square-foot property underwent a $15.5 million capital improvement program. Jordan Roeschlaub, Steven Sperandio and Daniel Fromm of NGKF Capital Markets arranged the loan for the sponsor, Fareri Associates.
DARIEN, CONN. — Avison Young has closed the sale of a mixed-use residential and retail property located at 13 Grove St. in Darien. Day Street Development LLC sold the property to Blackshaw Chriscott LLC for $4.9 million. The 5,726-square-foot property features two ground-level retail spaces, occupied by Le Boudoir and Darien Butcher Shop, and three apartment units. Alison Luisi and Ted Stratigos of Avison Young arranged the deal.
STAMFORD, CONN. — Henkel Consumer Goods Inc. has leased 135,000 square feet of office space at 200 Elm St. in downtown Stamford. The tenant will use the newly renovated space as headquarters for Henkel in North America. The building is part of BLT Financial Centre, which also includes 695 E. Main St. in Stamford. Building and Land Technology (BLT) acquired the property in 2012 and recently completed a multi-million-dollar renovation to transform the vacant corporate property into an amenity-rich, fully modernized office asset.
NORWALK, CONN. — Fischer Commercial Real Estate has arranged the sale of a retail property located at 233 E. Ave. in East Norwalk. An entity that owns and operates laundromats acquired the property for $1.1 million. The buyer plans to convert the 7,450-square-foot property into a state-of-the-art laundromat. Alan Fischer of Fischer Commercial Real Estate Inc. represented the seller and procured the buyer.
