Connecticut
Richetelli of Colonial Properties completes two transactions totaling 5,800 s/f
Clinton, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., has completed the following transactions. ichetelli represented the seller, Liberato Pelosi, in the sale of 120 E. Main St.; a 3,800 s/f multi-tenant mixed-use investment property on .31 acres for $575,000. The buyer, Matt Hikmet Sahintepe, was represented by Jacqueline Hoyt of Coldwell Banker Realty. The seller’s attorney was Norman Fishbein.
Horvath & Tremblay sells two retail
properties - $7.3m, 25,430 s/f
Old Saybrook, CT Horvath & Tremblay has completed the sale of two retail properties for a total of $7.3 million. Matt Nadler, Jack Laurendeau, and Rob DiFranco of Horvath & Tremblay have completed the sale of the Agway and Dunkin’. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.9 million.
Dakota Partners closes on Oxoboxo Lofts - 100,000 s/f conversion project
Montville, CT Oxoboxo Lofts, a new community located in the Uncasville area and bordered by the Thames River, has secured all financing and approvals to close on the project. The 72-home property will feature affordable, workforce, and market-rate housing with a mix of income restrictions including 25%, 50% and 60% of the Area Median Income. Local residents who qualify will be eligible to participate in a lottery drawing. Dakota Partners closed the sale.
Cushman & Wakefield procures $223.869m in refinancing for four building portfolio - provided by Greystone
Stamford, CT Cushman & Wakefield (C&W) served as the exclusive advisor to the ownership group in the procurement of a combined $223.869 million for the refinancing of the Harbor Point portfolio, a four-building, 989-unit multifamily portfolio located at 301 Commons Park South, 111 Towne St., 110 Towne St. and 120 Towne St. The Freddie Mac financing was provided by Greystone.
Beverly Willis, architect and founder of National Building Museum, passes away at 95
Branford, CT Beverly Willis FAIA, born February 17, 1928, an American architect who played a major role in the development of many architectural concepts and practices that influenced the design of cities and buildings, died Sunday morning Oct. 1st, due to complications of Parkinson’s disease.
Arnold Peck completes $700,000 land sale
Southbury, CT The land parcel at the corner of I-84 and Rte. 67 consisting of 7.5 acres has been sold by Arnold Peck of Arnold Peck’s Commercial World for $700,000. This land had been for sale for years and it was a challenge to locate the right developer and use for the land sitting at the four-way interchange of Fairfield, Hartford, New Haven, and SMSA.
CBRE property recognized by BOMA-Southern CT for TOBY award
Stamford, CT A class A trophy property located at 680 Washington Blvd., part of the Stamford Towers complex that CBRE serves as exclusive leasing and managing agent, was recognized with the Southern CT Building Owners and Managers Association’s (BOMA) coveted Outstanding Building of the Year (TOBY) award at an Awards Dinner & Casino Night gala held on October 5 at the Wee Burn Beach Club in Norwalk.
Winstanley Enterprises acquires 135-acre distribution site
Enfield, CT Winstanley Enterprises LLC has acquired 135-acre parcel known as Metro Park North located at 1679 King St. The shovel-ready parcel, situated at the intersection of Rte. 5 and Corporate Rd., has received all necessary state and local approvals to support development. Terms of the deal were not disclosed. Winstanley Enterprises is confident that as the warehouse and distribution sector continues to thrive, businesses looking to quickly fulfill their distribution needs in the marketplace and to expand or establish their presence will be attracted to this shovel-ready site.
Greenwich Office Park renovates 3,500 s/f tenant fitness center
Greenwich, CT Greenwich Office Park has debuted a newly renovated fitness center and offered a flu vaccination clinic. Greenwich Office Park renovated its tenant fitness center to suit contemporary preferences in exercise gear and fitness technology. The relocated 3,500 s/f facility offers tenants new Star Trac treadmills, stationary bicycles, Hoist jungle stations, Cybex press machines, and a wide selection of dumbbells, barbells and kettle balls.
Saugatuck Commercial Real Estate completes multiple transactions
Bethel, CT Saugatuck Commercial Real Estate (SCRE) has completed the following transactions: • Dan Neaton of SCRE represented the seller of 11 Durant Ave. in Bethel in the $6 million sale of the 71,000 s/f fully leased, industrial property.