Connecticut

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

Connecticut Northeast Office

RHYS Closes $11M Sale of Office Building in New Canaan, Connecticut

by Amy Works December 7, 2016

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.

December 7, 2016

temple-court-medical-building-stratford-ct

Connecticut Northeast Office

Avison Young Arranges Sale of 16,000 SF Office Building in Stratford, Connecticut

by Amy Works December 7, 2016

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.

December 7, 2016

Connecticut Northeast Retail

RHYS Negotiates $5M Sale of Retail Property in Westport, Connecticut

by Amy Works December 5, 2016

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.

December 5, 2016

Connecticut Northeast Office

Media Horizons Inks 12,648 SF Office Lease in Norwalk, Connecticut

by Amy Works December 5, 2016

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.

December 5, 2016

Connecticut Multifamily Northeast

CBRE Brokers Sale of 226-Unit Apartment Community in Middletown, Connecticut

by Amy Works December 1, 2016

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.

December 1, 2016

Connecticut Multifamily Northeast

Trinity Financial Breaks Ground for Washington Village Redevelopment in Norwalk, Connecticut

by Amy Works November 30, 2016

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.

November 30, 2016

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