News: Owners Developers & Managers

Reese of Reese Commercial Real Estate Services represents 7 Summits Realty LLC in purchase of 36 John Street, Hartford, CT

Reese Commercial Real Estate Services has closed the sale of 36 John St., an office/flex building, on behalf of 7 Summits Realty LLC. 7 Summits purchased the 12,168 s/f mixed-use office/flex building for an undisclosed price. Dale Reese, managing principal of Reese Commercial, represented 7 Summits Realty LLC, the buyer. Arnold Grant, of Arnold J. Grant Associates, Inc. and Linda Hicks of William Pitt Sotheby's represented Lightspace LLC, the seller. 7 Summits Realty will be leasing the building to 3-4 tenants. Freeman Companies LLC will be the lead tenant occupying 6,000 s/f on the second floor of the building. "Freeman Companies has seen explosive growth over the past 5 years and 36 John St. will allow our firm the ability to continue that expansion as we serve our clients. The space has a very eclectic feel with its exposed brick, high ceilings and abundant natural lighting all conducive to the creativity that we bring to our projects," said Rohan Freeman of Freeman Companies LLC, lead tenant. The building is located on John St. which is west of Main St. near Park and Main Sts. Located close to Hartford's South Green and the CBD, 36 John St. has a storied past. Constructed circa 1920, the building served as the Equipment Maintenance Shop for Firehouse Engine Company 1. As detailed in the National Register of Historic Places, design elements include brick walls with stone and rows of 16 over 12 casement towering windows giving a Neo-Classical appearance to this old Firehouse.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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