DANBURY, CONN. — Thomas Hamm of Sperry Van Ness has competed the $5.5 million sale of Wellesley Inn in Danbury. The 181-room hotel is situated on 12 acres just off Exit 8 of Interstate 84 at 116 Newtown Rd. The facility also includes a restaurant that is currently leased to Outback Steakhouse. Hamm represented the sellers, BRE/Prime Holdings and WIH Hotels, affiliates of the Blackstone Group; and the buyer, DP39 LLC and AE7, LLC, affiliates of Diamond Properties. The buyers plan to implement a $5 million renovation and rebranding program.
DANBURY, CONN. — Thomas Hamm of Sperry Van Ness has competed the $5.5 million sale of Wellesley Inn in Danbury. The 181-room hotel is situated on 12 acres just off Exit 8 of Interstate 84 at 116 Newtown Rd. The facility also includes a restaurant that is currently leased to Outback Steakhouse. Hamm represented the sellers, BRE/Prime Holdings and WIH Hotels, affiliates of the Blackstone Group; and the buyer, DP39 LLC and AE7, LLC, affiliates of Diamond Properties. The buyers plan to implement a $5 million renovation and rebranding program.
NEW YORK CITY — Bremen House has sold Unilake Shopping Plaza in Queens, New York City, to Vickers Realty for $4.7 million. The 14,780-square-foot retail center is located at the intersection of Union Turnpike and 271st St. in the New Hyde Park area. Alan Miller and Benjamin Tapper of Eastern Consolidated represented the seller, and Robert Oritz, also of Eastern Consolidated, represented the buyer.
NEW YORK CITY — Bremen House has sold Unilake Shopping Plaza in Queens, New York City, to Vickers Realty for $4.7 million. The 14,780-square-foot retail center is located at the intersection of Union Turnpike and 271st St. in the New Hyde Park area. Alan Miller and Benjamin Tapper of Eastern Consolidated represented the seller, and Robert Oritz, also of Eastern Consolidated, represented the buyer.
FAIRFIELD, CONN. — The Febbraio Group, a Coldwell Banker Commercial affiliate, has completed the $3.24 million sale of an office facility in Fairfield. The 13,000-square-foot building is located at 363 Reef Rd. Thomas Febbraio of the Febbraio Group represented the buyer, Pagent, LLC, and the seller, ACA Distributors.
FAIRFIELD, CONN. — The Febbraio Group, a Coldwell Banker Commercial affiliate, has completed the $3.24 million sale of an office facility in Fairfield. The 13,000-square-foot building is located at 363 Reef Rd. Thomas Febbraio of the Febbraio Group represented the buyer, Pagent, LLC, and the seller, ACA Distributors.
SUFFIELD, CONN. — Keith Kumnick and Nicholas Morizio of Colliers Down & Condon have brokered the $1.5 million sale of an industrial facility in Suffield. The 45,834-square-foot facility is located at 1251 E. St. S. The building was purchased by EDM Distributors from Suffield Associates.
SUFFIELD, CONN. — Keith Kumnick and Nicholas Morizio of Colliers Down & Condon have brokered the $1.5 million sale of an industrial facility in Suffield. The 45,834-square-foot facility is located at 1251 E. St. S. The building was purchased by EDM Distributors from Suffield Associates
HARRISBURG, PA. — Robert Holland of The Kislak Company has completed the $9.3 million sale of Twelve Trees Apartments in Harrisburg. The 163-unit complex features three two-story apartment facilities that include 60 units and six two-story buildings that contain 76 townhome residences. At the time of the sale, the facility was 95 percent occupied. Holland represented the seller, Paxton Hills Associates, and the buyer, LCL Equities. Sovereign Bank provided funding for the disposition.
HARRISBURG, PA. — Robert Holland of The Kislak Company has completed the $9.3 million sale of Twelve Trees Apartments in Harrisburg. The 163-unit complex features three two-story apartment facilities that include 60 units and six two-story buildings that contain 76 townhome residences. At the time of the sale, the facility was 95 percent occupied. Holland represented the seller, Paxton Hills Associates, and the buyer, LCL Equities. Sovereign Bank provided funding for the disposition.