Connecticut

Webster Bank Leases 85,000 SF in Southington, Connecticut

by Amy Works November 24, 2015

SOUTHINGTON, CONN. — O,R&L Commercial has brokered the lease of 85,000 square feet at 200 Executive Blvd. in Southington to Webster Bank. The bank is consolidating its Cheshire and Wallingford, Conn., offices into the four-story, 150,000-square-foot office building. Webster Bank will occupy the first, second and third floors of the building, which was formerly occupied by The Hartford. Jay Morris and Robert Gaucher of O,R&L represented the landlord, Executive 200 LLC, while Drew Saunders of Jones Lang LaSalle represented the tenant in the transaction.

November 24, 2015

Connecticut Northeast Office

O,R&L Commercial Negotiates $2.6M Sale of Office Building, Parking Lot in Connecticut

by Amy Works November 11, 2015

NEW HAVEN, CONN. — O,R&L Commercial LLC has negotiated the sale of an office building and adjacent parking lot, located at 189-191, 201 Orange St. and 115 Court St. in New Haven. The investment properties sold for $2.6 million. Frank Hird of O,R&L Commercial represented the seller, O’Keefe Associates, Manhattan Associates and Euclid/O’Connor Associates, while Charlotte Goldblatt of Goldblatt Associates represented the buyer, Bulkhead Investments LLC.

November 11, 2015

Connecticut Northeast Office

Coastal Construction Group Buys 5,000 SF Building in Connecticut

by Amy Works November 9, 2015

WESTPORT, CONN. — Coastal Construction Group LLC has acquired a mixed-use property located at 785 Post Road East in Westport. Situated on 2.5 acres, the 5,000-square-foot property sold for $1.2 million. The buyer plans to use the building for additional office space. Jon Angel of Angel Commercial represented the seller, George Essenfeld Trustee and Lewis Meriwether, in the transaction.

November 9, 2015

Connecticut Northeast Office

O,R&L Commercial Brokers Sale of 25,777 SF Office Building in Connecticut

by Amy Works November 3, 2015

CHESHIRE, CONN. — O,R&L Commercial LLC has brokered the sale of an office building located at 1154 Highland Ave. in Cheshire. Marshall Enterprises LLC sold the 25,777-square-foot Class A office building to RPG Holdings LLC for an undisclosed price. The new owners plan to convert the first floor of the building into a medical office space for a future urgent care facility. Richard Guralnick of O,R&L represented the seller, while Dan Garofalo and John Mullin of Reno Properties represented the buyer in the transaction.

November 3, 2015

Connecticut Industrial Northeast

O,R&L Commercial Arranges 10,640 SF Lease in Tile America Building

by Jaime Lackey October 20, 2015

NEW HAVEN, CONN. — Tenant Ducci Electrical Contractors and landlord 105 Hamilton LLC have signed a lease for 10,640 square feet of space at 105 Hamilton Street (Tile America Building) in New Haven. The space will accommodate Ducci’s warehousing and storage requirements for several new large multi-year projects in and around New Haven. The space also includes use of a secured outside yard for the storage of large machinery & equipment. Richard Guralnick of O,R&L Commercial was the sole broker in the transaction and represented both the landlord and tenant.

October 20, 2015

Connecticut Multifamily Northeast

TGM Associates Sells TGM Village in Stamford

by Jeff Shaw October 19, 2015

STAMFORD, CONN. — TGM Associates L.P. has sold the 160-unit apartment project TGM Village at Stamford to Cherry Hill, N.J.-based Silverman Group. Jeffrey Dunne and Gene Pride of CBRE Group Inc. brokered the transaction for the property, which is located in downtown Stamford. TGM purchased Village at Stamford in 2008. Terms of the transaction were not disclosed.

October 19, 2015

Connecticut Northeast Office

ClearRock Properties, Contrarian Capital Management Sell 247,310 SF Office Complex in Connecticut

by Amy Works October 14, 2015

STAMFORD, CONN. — ClearRock Properties, in partnership with Contrarian Capital Management, has completed the disposition of a three-building, 247,310-square-foot waterfront office complex in the South End of Stamford. ClearRock formed a partnership with Mountain Development Corp. and Gottesman Real Estate Partners to reacquire the assets for an undisclosed price. The complex includes the 89,637-square-foot former industrial property at 700 Canal St.; the 67,673-square-foot office building at 850 Canal St.; and the 90,000-square-foot office building, which includes 1,000 linear feet of dock space, at 860 Canal St. Andrew Merin, David Bernhart, Gary Gabriel and Thomas O’Leary of Cushman & Wakefield represented the seller in the transaction.

October 14, 2015

Connecticut Industrial Northeast

Sentry Commercial Arranges 33,000 SF Industrial Lease in Connecticut

by Amy Works October 13, 2015

BRISTOL, CONN. — Sentry Commercial has arranged the lease of 33,000 square feet of industrial space at 360 Minor St. in Bristol. Benjamin International, a wholesale import, manufacturing and design company, is relocating from its 16,000-square-foot facility at 125 N. Benson Road in Middlebury, Conn. The relocation and expansion of the tenant to the 208,000-square-foot industrial complex is expected to bring more than 30 new jobs to the area.

October 13, 2015

Connecticut Industrial Northeast

HK Group Arranges $4.8M Sale of Industrial Property in Connecticut

by Amy Works October 12, 2015

HARTFORD, CONN. — HK Group has brokered the sale of an industrial property located at 101 Locust St. in Hartford. Situated on 6 acres, the 73,458-square-foot property sold for $4.8 million. The property is currently leased to Pitney Bowes Presort Services Inc., a wholly owned subsidiary of Pitney Bowes. The buyer was a Manhattan-based real estate investment company. Matthew Keefe and Franco Fellah of HK Group brokered the transaction.

October 12, 2015

Connecticut Healthcare Northeast

The Davis Companies Opens Westport Center for Health in Connecticut

by Amy Works October 8, 2015

WESTPORT, CONN. — The Davis Companies has completed the renovation of an underutilized office park at 321-329 Riverside Ave. in Westport to create Westport Center for Health. The center offers 38,000 square feet of medical office space. The center is now open and The Davis Companies has executed leases with Village Pediatrics and Women’s Health Connecticut. The center is located directly off Interstate 95, less than one mile from the Westport Train Station and the town center. Sean McDonnell, Lori Baker and Eva Kornreich of Avison Young are handling leasing efforts for the property.

October 8, 2015

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