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.
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.
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.