News: Owners Developers & Managers

Pentore, Friedel and Klockner of Marcus & Millichap broker sale of 385 Main Street - 28-unit apartment property

Hartford, CT Marcus & Millichap has sold a 28-unit apartment property.

“Multifamily product in downtown Hartford has outperformed expectations. 385 Main, a well-located asset within the Central Business District with historical significance and outstanding curb appeal, will benefit from this positive momentum,” said Eric Pentore, senior vice president investments.

Pentore, Ross Friedel, and Wes Klockner, investment specialists in Marcus & Millichap’s New Haven office, had the exclusive listing to market the property on behalf of the seller, a Connecticut-based private investor. Pentore, Friedel, and Klockner also procured the buyer. 

The five-story apartment building is located at 385 Main St. at the corner of Capitol Ave. within the Harford Central Business District, walkable to numerous employers, restaurants, shopping, and entertainment options. Originally constructed during the Gilded Age, the apartment building sits on a 0.34-acre lot and contains unique apartment homes consisting of 25 one-bedroom and three two-bedroom units. Additionally, the building contains 6,650 s/f of retail space.

MORE FROM Owners Developers & Managers

Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant