Connecticut
Chozick Realty facilitates sale of multifamily
community for $30 million
Griswold, CT Investment broker, Chozick Realty Inc. has facilitated the sale of Pleasant View Estates, a newly constructed 102-unit townhouse multifamily community. The closing price for Pleasant View Estates was $30 million. Chozick Realty’s Rick Chozick commenced marketing efforts for Pleasant View Estates when the property construction was 75% complete.
Svigals + Partners and RJ Development complete 203-unit aptartment building
New London, CT A new multifamily rental community built on the corner of Hamilton and Howard Sts. is bringing new life to the neighborhood with market-rate residences. The Beam was designed in two phases by architecture, art and advisory firm Svigals + Partners with RJ Development, the new five-story, wood-framed residence orients northward to downtown
Worth Avenue Capital closes $100,000 loan
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $100,000 commercial loan to a Connecticut based real estate investor. The loan proceeds were used for working capital purposes and the loan is secured by a blanket mortgage on four separate properties including two commercial condominiums in Greenwich, with an underlying LTV of approximately 60%. The aforementioned condo complex is fully leased by various dental and periodontist practices.
A.P. Construction Company breaks ground on $22 million Boys & Girls Club project
Greenwich, CT A.P. Construction Company (APC) has broken ground on the new construction and renovation project for the Boys & Girls Club of Greenwich to expand and enhance its facility. Governor Lamont and other officials were in attendance for the groundbreaking ceremony held on October 23rd. The clubhouse was built in the 1930s and this is the club’s first major renovation project in nearly 20 years.
NAI Glickman Kovago & Jacobs brokers $1.1 million sale of 18,000 s/f industrial building
Putnam, CT Holzknecht Holdings LLC sold its 18,000 s/f industrial facility at 1 Ridge Rd. to Dandeneau Properties LLC. NAI Glickman Kovago & Jacobs (NAIGKJ) vice president, Jeff Borus, represented both parties in the transaction saying, “This transaction represents a significant step forward for both parties. Putnam Plastics, an engineering and manufacturing company that specializes in polymer tubing used in medical devices, will occupy the building.
Shawmut Design and Construction begins work on 45,000 s/f YDS Living Village residence hall
New Haven, CT Shawmut Design and Construction joined Yale Divinity School (YDS) on October 11 to officially break ground on the Living Village, a living building residence hall for divinity students. Set to open in 2025, the 45,000 s/f, 4.5-acre project will be the largest residential living building on a university campus anywhere and is designed to meet the standards of the Living Building Challenge (LBC), an international certification system that promotes sustainable design and construction.
Saugatuck Commercial Real Estate completes leasing at 1835 Post Road East
Westport, CT Saugatuck Commercial Real Estate (SCRE) has completed leasing 100% of the property owned by Blackshaw Hunchar LLC at 1835 Post Rd. East. 1835 Post Rd. East is a three-building campus located across from Home Goods and Stop and Shop. 1,550 s/f was leased to Becca Interiors, a full-service interior design firm, 964 s/f was leased to Blossom + Stem Floral Design, a private floral studio
Houlihan Lawrence names Haidinger Darien brokerage manager
Darien, CT Houlihan Lawrence has named Courtney Haidinger manager of its local brokerage. Haidinger, a former Houlihan Lawrence agent, has been a realtor for 12+ years, serving buyers and sellers of properties in Darien, New Canaan and Rowayton, and has returned to Houlihan Lawrence from Compass. Prior to entering real estate, Courtney built her skills during a career in national and local advertising sales in both television and radio.
Wettenstein of Vidal/Wettenstein brokers two transactions - $4.12m
Newtown, CT Bruce Wettenstein, SIOR and partner with Vidal/Wettenstein was the listing broker for two transactions, a retail shopping plaza and an industrial flex building, totaling $4.12 million. The retail shopping plaza located at 14 Church Hill Rd., has been sold. The sale price for the 17,557 s/f plaza which is on 2.17 acres, sold for $3.37 million or just under $192 per s/f. The property had been owned by Church Hill & Queen LLC, and the purchaser was Arrowhead Properties, LLC.
Joyal of Lila Delman Compass sells The Point House for $7.5 million
Stonington, CT Lila Delman Compass has sold ‘The Point House’, 5 Water St. for $7.5 million. Lori Joyal, managing broker of Lila Delman Compass’ Watch Hill Office, represented the seller. According to data maintained by the CT SmartMLS, this transaction marks the highest single-family home sale ever recorded in this town.
