Northeast Private Client Group facilitates $25.4 million sale of 141-unit apartment

Groton, CT Northeast Private Client Group (NPCG) has facilitated the $25.4 million sale of Groton Townhomes, located at 126 Litton Ave.

Managing director, Bradley Balletto represented the seller, Groton Ventures LLC of New Jersey, and procured the buyer, Rowin Capital and its affiliate Penlane Real Estate with offices in Connecticut and New York with principals Joseph Scherban and Daniel Scherban.

“Groton boasts a diverse, resilient, and growing employment ecosystem with a strong demographic profile,” said Joseph Scherban. “We are excited to be able to provide quality housing to area residents,” said Daniel Scherban.

Groton Townhomes is a 141-unit apartment community totaling 116,460 s/f across 29 buildings on 9.24 acres. 

The complex is comprised of one-,two- and three-bedroom townhomes located near General Dynamics Electric Boat.