News: Brokerage

Lyman Real Estate brokers two
retail space transactions - $425,000

Clinton, CT The building at 5 and 7 East Main St., has been sold. Lyman Broker & Development associate Sam Lyman represented both the sellers and buyer Ace Andaleeb in the $425,000 transaction.

The property includes two first-floor retail spaces, a 1,232 s/f space that used to house a dance studio, and an 815 s/f former barber shop. The second floor is a 2,198 s/f space with multiple rental units. Andaleeb owns the abutting buildings and the Carefree Boat Club of Clinton. For the building he purchased, he plans on doing renovations and adding tenants.

MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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