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Manchester-Parkade
AcquisitionsConnecticutNortheastRetail

Marcus & Millichap Brokers $19.2M Sale of Shopping Center in Manchester, Connecticut

by Taylor Williams

MANCHESTER, CONN. — Marcus & Millichap has brokered the $19.2 million sale of Manchester Parkade, a 302,000-square-foot shopping center located on the eastern outskirts of Hartford. Tenants at the center, which originally opened in 1962, include Dollar Tree, Planet Fitness, Kidzone and the State of Connecticut Department of Children’s Services. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, the estate of Leon Charney, in the transaction. The buyer was not disclosed. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.

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ConnecticutLeasing ActivityNortheastRetail

Whole Foods Market to Open 43,406 SF Store in South Windsor, Connecticut

by Taylor Williams

SOUTH WINDSOR, CONN. — Whole Foods Market will open a 43,406-square-foot store at The Shops at Evergreen Walk in South Windsor, a suburb of Hartford, on Jan. 17. The store, which will be the Austin-based grocer’s fifth in the Hartford area, will offer more than 1,000 locally sourced items and will feature full-service meat and seafood counters, a bakery, prepared foods section and a wellness and beauty section.

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AcquisitionsConnecticutNortheastRetail

Chozick Realty Arranges $11M Sale of Retail Center in Rocky Hill, Connecticut

by Taylor Williams

ROCKY HILL, CONN. — Locally based brokerage firm Chozick Realty has arranged the $11 million sale of Hillview Plaza, a 33,799-square-foot retail center located in Rocky Hill, roughly 10 miles south of Hartford. Tenants at the property, which was built in 1990 and was 97 percent leased at the time of sale, include Webster Bank, Salute Restaurant and Dunkin’. Tom Boyle and Jordan Pinto of Chozick Realty represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsConnecticutNortheastRetail

CBRE Brokers $33M Sale of Hilltop Commons Shopping Center in Derby, Connecticut

by Taylor Williams

DERBY, CONN. — CBRE has brokered the $33 million sale of Hilltop Commons, a 198,910-square-foot shopping center in Derby, located west of New Haven. Big Y, CVS, Dollar Tree and American Freight anchor the newly redeveloped property. Other tenants include Verizon, AT&T, McDonald’s, Wendy’s and Sherwin-Williams. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, a partnership between DLC and Hutensky Capital Partners, in the transaction. Kempner Properties and Lee & Associates NYC acquired the property in partnership via a 1031 exchange.

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637-West-Ave.-Norwalk-Connecticut
ConnecticutDevelopmentHealthcareNortheastRetail

Seligson Properties Completes $20M Healthcare, Retail Conversion Project in Norwalk, Connecticut

by Taylor Williams

NORWALK, CONN. — Locally based developer Seligson Properties has completed a $20 million healthcare and retail conversion project in Norwalk, located in southern coastal Connecticut. Seligson redeveloped a three-story, 27,000-square-foot historic bank building that was originally constructed in 1955 into a 24,000-square-foot medical facility for Stamford Health and a 3,000-square-foot bank branch office for Wells Fargo. The gut renovation delivered  new roofing, windows, doors and lighting, as well as a covered exterior entrance. The development team also reimagined the lobby and updated the building interiors, parking areas and landscaping. Liberty Bank financed the project.

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ConnecticutIndustrialLeasing ActivityNortheast

First Student Signs 31,000 SF Industrial Lease Renewal in Stamford, Connecticut

by Taylor Williams

STAMFORD, CONN. — School bussing services provider First Student has signed a 31,000-square-foot industrial lease renewal in the southern coastal Connecticut city of Stamford. The space at 316 Courtland Ave. spans 115,453 square feet and features clear heights of 12 to 17 feet, nine drive-in bays, 243 parking spaces and research and development/office space. Both the tenant and the landlord, Simone Development Cos., were self-represented in the lease negotiations.

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AcquisitionsConnecticutMixed-UseNortheast

O,R&L Commercial Arranges $7M Sale of Mixed-Use Property in New Haven, Connecticut

by Taylor Williams

NEW HAVEN, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $7 million sale of York Square Broadway, a 30,262-square-foot mixed-use property in New Haven. The property consists of two buildings that were originally constructed in the early 1900s and house four one-bedroom apartments, 7,300 square feet of recently vacated office space and retail space. Tenants at the property include Campus Customs, which provides Yale-themed apparel and gifts, Mediterranean restaurant Broadway Kitchen, Blue Jay Cleaners and cosmetics chain Blue Mercury. Frank Hird of O,R,&L represented the seller and procured Yale University as the buyer.

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AcquisitionsConnecticutMultifamilyNortheast

NEPCG Negotiates $3.1M Sale of Multifamily Property in Fairfield, Connecticut

by Taylor Williams

FAIRFIELD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $3.1 million sale of a five-unit multifamily property in Fairfield, located in southern coastal Connecticut. According to LoopNet Inc., the building at 1903 Post Road was originally constructed in 1924. Brad Balletto, Robert Paterno, Rich Edwards and Jeff Wright of NECPG represented the buyer and seller, both of which requested anonymity, in the transaction.

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AcquisitionsConnecticutHealthcareNortheast

Colliers Brokers Sale of 37,731 SF Medical Office Complex in Torrington, Connecticut

by Taylor Williams

TORRINGTON, CONN. — Colliers has brokered the sale of 245 Alvord Park, a 37,731-square-foot medical office complex in Torrington, a western suburb of Hartford. Litchfield Hills Orthopedic Associates, an affiliate of Hartford Healthcare, anchors the property. An entity doing business as IJAN 2 CT Realty LLC sold the asset to a partnership between Boston-based Sendero Capital and alternative asset manager Angelo Gordon for $8.1 million. Phil Gagnon, Ian Hunt and John Cafasso of Colliers brokered the deal.

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AcquisitionsConnecticutIndustrialNortheast

O,R&L Commercial Negotiates $1.6M Sale of Industrial Building in Cheshire, Connecticut

by Taylor Williams

CHESHIRE, CONN. — Locally based brokerage firm O,R&L Commercial has negotiated the $1.6 million sale of a 25,320-square-foot industrial building in Cheshire, located roughly midway between Hartford and New Haven. The building is situated on a 2.3-acre site at 1187 Highland Ave. and was 88 percent leased at the time of sale. Richard Lee and Will Braun of O,R&L Commercial represented both the seller, Marshall Enterprises, in the transaction and procured the buyer, Dattco Inc.

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