Connecticut

Lyman of Lyman Real Estate brokers 1,693 s/f retail lease

Deep River, CT According to Ron Lyman, CCIM, CEO of Lyman Real Estate, AJ’s Pizza has signed a five-year lease on one of the three retail spaces at 497 Winthrop Rd. (Rte. 80), next to Rte. 145.

Angel Commercial leases 6,500 s/f to Beers, Hamerman, Cohen and Burger, P.C.

Fairfield, CT Beers, Hamerman, Cohen and Burger, P.C. has signed a long term lease for 6,500 s/f of office space at One Post Rd., according to Jon Angel, president of Angel Commercial, L.L.C.  They have relocated from 2228 Black Rock Tpke.

Exploring new leadership’s plans to rebuild optimism for economic development in Connecticut

Hartford, CT The question of how to jump-start economic development in the state is one that has lingered a decade beyond the 2007-2008 financial crisis. Many different solutions were proposed, with no consensus emerging.

SIOR CT/ Western Mass. Chapter hosts summer meeting event

Branford, CT The Connecticut/Western Massachusetts chapter of the Society of Industrial and Office Realtors (SIOR) hosted its summer meeting event at Pine Orchard Yacht and Country Club. As a long-time member of Pine Orchard

Hird and Marshall of O,R&L Commercial sell 18,030 s/f retail/office property for $2.795 million

Madison, CT O,R&L Commercial, LLC sold The Marketplace, an 18,030 s/f retail/office investment property located at 1347 Boston Post Rd. The property is a mixed-use two-story retail/office building with a history of long-term tenancy.

CBRE procures $53.5 million loan for two multifamily properties - Financing provided by Thorofare Capital

Norwalk, CT According to CBRE, its Debt & Structured Finance (DSF) team procured a $53.5 million loan for two class A multifamily properties. The properties, located at 500 West Ave. and 30 Orchard St. are owned by a joint venture between affiliates of Alex Brown Realty

Hart Realty Advisers purchases two office buildings for $30.3 million - brokered by CBRE’s McCormick, Mulready and Kocsondy

Glastonbury, CT Hart Realty Advisers has purchased two class A office buildings in the Glastonbury/Somerset Sq. submarket of Hartford, for $30.3 million. Together the pair of buildings, 180 Glastonbury Blvd. and 200 Glastonbury Blvd., comprise 184,871 s/f.

Avison Young brokers sale of 621,830 s/f One Financial Plaza building for $70.5m

Hartford, CT Avison Young has negotiated the sale of a 621,830 s/f class A office building at One Financial Plaza. Andrew Filler, a principal in Avison Young’s local office, Michael Smith, managing director

Geenty Group and Coldwell Banker complete $1.06m sale of the Hawley Lincoln Funeral Home

Guilford, CT Kristin Geenty, president of The Geenty Group, Realtors, has completed the sale of the Hawley Lincoln Funeral Home building. This building is located at the corner of Whitney Ave. and Willow St.

Worth Avenue Capital closes $1 million CRE loan

North Haven, CT Worth Avenue Capital, LLC (WAC) has closed a $1 million CRE loan to a real estate development group. The loan proceeds were used to purchase a CRE asset in a prime location in the city.