Boston, MA Atlantic Property Management, a boutique property management company part of Atlantic Retail, has continued growth across New England with the addition of three new property management assignments: 10 Cabot Street and 80 Optical Drive in Southbridge, MA
Cromwell, CT The Connecticut Chapter of the CCIM Institute hosted its Mid-Year Symposium, “AI Impact on Commercial Real Estate Analytics.” The event was held on June 5 at TPC River Highlands. The breakfast event featured presentations by Craig Scott, partner at Hinckley Allen and Joe McBride, senior director at Moody’s Analytics.
Shelton, CT Choyce Peterson, Inc., a full-service commercial real estate firm, has completed lease negotiations on behalf of L’Amy America (L’Amy) for a total of 32,432 s/f. John Hannigan, principal of Choyce Peterson, represented L’Amy for their new 5,016 s/f headquarters lease at 2 Corporate Dr. and renewal of their 27,416 s/f warehouse lease at 65 Trap Falls Rd.
Wilton, CT AMS Acquisitions and Avenue Realty Capital have completed the joint-venture acquisition of 131 Danbury Rd. with plans to develop a 208-unit multifamily apartment complex. The project was financed with a $71 million construction loan from Madison Realty Capital, which was arranged by Arrow Real Estate Advisors. “131 Danbury Rd.
Hamden, CT The mixed-use building at 2581 State St. has been sold to an owner-user. There are two existing buildings on one lot of 0.42 acres. One building is an auto repair shop which is 1,570 s/f, and the other is a 1,242 s/f single-family home.
Middletown, CT Tim Hines of Horvath & Tremblay has arranged the sale of a 14-unit mixed-use property. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2.95 million.
East Haven, CT Jon Angel, president of Angel Commercial, LLC, has brokered a lease for the entire 14,000 s/f industrial building at 167 Commerce St. to Murphy Distributors. Murphy Distributors, a Connecticut wholesaler of fine wine, craft beer, and artisan spirits, will occupy the standalone facility as it continues to expand its statewide operations.
Windsor, CT JLLCapital Markets completed the $25.3 million sale of 105 Baker Hollow Rd., a class A,165,625 s/f warehouse facility. JLL represented the seller, a development joint venture between Condyne Capital Partners and an account managed
New Haven, CT Pirie Associates is the first architectural firm in Connecticut to achieve B Corp Certification, sixth in New England, and 32nd in the US.
Greenwich, CT National Multifamily brokered the sale of a six-unit apartment building and a contiguous developable parcel located at 113 S. Water St. to a Connecticut based investor for $2,076,500 ($344,167 per unit). The deal closed on May 19th. Company president Matt Cawley represented the seller and procured the buyer in the transaction.
Newington, CT Anthony Properties (AP) in partnership with Perry Reid Properties (PRP) has commenced the groundbreaking of The Spark on Cedar. The project will consist of 232 class-A apartments at the former National Welding site along Cedar Ave. This project will represent the twelfth property which AP and PRP
New Haven, CT According to Nanette Pastore, president of Pearce Real Estate, the company is welcoming it’s newest Pearce pro, Mark Odyniec, to the Edgehill Team, a top producing team at Pearce for 15 years. Odyniec brings a wealth of experience and a strong local connection
Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million. The portfolio was sold by the Rabadi Family to the Fraioli Family in a transaction brokered by Alex Frants, senior director
Littleton, MA Colonial Systems, a comprehensive resource for installing commercial and institutional interiors for a diverse range of industries nationwide, has renewed the lease on its 150,000 s/f warehouse for another eight years. This commitment enables the company to continue delivering best-in-class service
Ipswich, MA According to Nordlund Associates, Inc., Ace Gymnastics has signed a lease for 20,000 s/f of space at 23 Old Right Rd. Chris Everest, founder and president of Nordlund Associates, represented Ace Gymnastics in the transaction.
Littleton, MA R.W. Holmes has completed the lease of 20,082 s/f of flex space at 9 Beaver Brook Rd. Boston Semi Equipment (BSE), a global provider of semiconductor test solutions, leased the property to support its continued growth and operational expansion.
Windsor, CT Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $4.065 million. Matt Nadler of Horvath & Tremblay has completed the sale of Webster Bank in Windsor, Conn.
Taunton, MA Marcus Partners has completed the sale of the “Core Two” portfolio, a 192,000 s/f, two-building, class A logistics portfolio comprised of fully-leased ground-up industrial developments, to an area real estate fund. The assets were developed as part of Marcus Partners’ metro-centric logistics strategy,
Lowell, MA Skanska has been awarded a contract by the Massachusetts Department of Transportation (MassDOT) to carry out the $303 million design-build of a new, relocated Rourke Bridge carrying Wood St. over the Merrimack River.
Wilmington, MA The Procopio Companies (Procopio) celebrated the grand opening of 203 Lowell St., marking a major milestone in the project with final construction completion across the campus and over 50% of residences at The Alice already occupied. The event brought together new residents, project partners,