O’Hara of Coldwell Banker brokers $7.5m
sale of 93-acre property

Middlebury, CT Chris O’Hara, senior vice president of Coldwell Banker Commercial Realty, completed the sale of Timex Group, USA corporate headquarters located at 555 Christian Rd. O’Hara represented Timex Group USA in the $7.5 million sale to Drubner Equities, Florida LLC, and Atlantic

CBRE arranges sale of two properties
totaling $13.6 million - 42,794 s/f

Greenwich, CT Jeffrey Dunne, Steven Bardsley, Travis Langer and Daniel Blumenkrantz of CBRE’s Institutional Properties represented the seller in the sale of 39 Lewis St., a 91% leased mixed-use CBD property in Greenwich, for $9.3 million ($545 per s/f) and 23 Old Kings Hwy., an 86% leased boutique

Winstanley Enterprises acquires 1.071m s/f
warehouse for $122.3m - leased by Amazon

Windsor, CT Winstanley Enterprises LLC has acquired 200 Old Iron Ore Rd. The property was acquired for $122.3 million from German investor Deka Immobilien Investment GmbH and is leased to Amazon on a long-term basis. It was part of the open-ended real estate fund Deka-ImmobilienGlobal. The 1.071 million s/f fulfillment center, completed in 2014, is situated on an expansive 89.5 +/- acre site on Day Hill Rd.

The Ashforth Company appoints Sullivan CFO

Stamford, CT The Ashforth Company has appointed seasoned financial executive Melissa Sullivan as its chief financial officer. In July 2022, The Ashforth Company announced that its board of directors adopted an 18-month succession plan to promote Ryan Harvey to chief executive officer effective January 1, 2024. Until that time Ryan Harvey is co-CEO alongside Andrew Ashforth. 

Nolletti, Pentore and Klockner of IPA complete sale of 67-unit multifamily property

Manchester, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of Charles Dr., a 67-unit multifamily property. “Manchester is home to a large population of renters working in the aerospace, healthcare, insurance and financial services, biotech, education and retail service industries,” said Victor Nolletti, IPA executive managing director investments.

Westport Tennis Club installs solar system with C-PACE financing

Westport, CT Westport Tennis Club, 1696 Post Rd. East, installed a solar photovoltaic (PV) system on their roof using Commercial Property Assessed Clean Energy (C-PACE) financing. The 60.72 kW system is expected to save the facility more than $328,090 in avoided electricity costs over the 20-year financing term.

Houlihan Lawrence Commercial completes four lease transactions in Fairfield county - totaling approx. 5,300 s/f

Greenwich, CT Houlihan Lawrence Commercial has completed approximately 5,300 s/f in commercial leases for four properties in Fairfield county.

The lease transactions are: • 382 Greenwich Ave., Greenwich

Press|Cuozzo Commercial arranges 2,500 s/f lease

Hamden, CT Stephen Press, SIOR, of Press|Cuozzo Commercial services has arranged the signing of a full floor, 2,500 s/f lease at the Meadowbrook Building, 2751 Dixwell Ave.

Neubert, Pepe & Monteith welcomes Smith as associate

New Haven, CT The law firm of Neubert, Pepe & Monteith, P.C. (NPM) has welcomed attorney Amy Smith as an associate. Smith practices in the areas of trusts and estates, probate, and real estate law. She works with clients to develop estate plan incorporating succession planning for closely held entities to effectively coordinate business and estate plans.

Connecticut CCIM Chapter deals of the month - September 2023

Orange, CT The CT CCIM Chapter completed the following deals for the month for September: Carl Russell, CCIM, SIOR, of H. Pearce Real Estate was the cooperating agent in the sale of 401 Boston Post Rd. The 29,750 s/f building on 3.06 acres closed on July 20, 2023 for $4.1 million.