Connecticut
SIOR Chapter market survey
Hartford, CT The Connecticut/ Western Massachusetts chapter of SIOR released the results of its semi-annual membership survey of commercial real estate market conditions. The survey is based on market activity for the period January 2023 through June 2023 within Connecticut and western Massachusetts.
Tenerity Inc. relocating to Clarion Partners’ Merritt 7
Norwalk, CT Clarion Partners LLC and Marcus Partners announced the signing of three new tenants at Merritt 7 Park, including customer engagement and marketing firm Terenity Inc. relocatingFields Grade and Alpine Residential complete development of The Hazel Stamford
Stamford, CT City officials, business leaders and other dignitaries formally marked the arrival of The Hazel Stamford, a new luxury rental building in the city’s Harbor Point neighborhood developed by Fields Grade Development and Alpine Residential. Mayor Caroline Simmons recently joined development principals from Fields Grade and Alpine Residential for the ceremony which took place on the seven-story building’s outdoor landscaped deck.
Hird of O,R&L completes two land sales totaling $6 million on Washington Avenue
North Haven, CT Frank Hird of O,R&L Commercial has completed two land sales on Washington Ave. 405 Washington Ave. consists of 3.3 acres and 417-425 Washington Ave. consists of 9.1 acres. The properties are directly adjacent to the new Amazon fulfillment center that was built in 2019 on a 168-acre site and are in close proximity to many national auto dealerships and retail establishments including Big Y supermarket.
Cushman & Wakefield arranges $9 million sale
of 605,502 s/f asset
Windsor, CT Cushman & Wakefield has arranged the sale of 175 Addison, a 605,502 s/f industrial/research and development and office asset. The final sale price was $9 million. Cushman & Wakefield’s Matt Torrance, Joel Grieco, Damon Bowers, Al Mirin, Kate Schwartz, Sean Duffy and Timothy D’Addabbo represented the sellers in the transaction and also procured the buyer
ARCO partners with Winstanley Enterprise to
complete 501,500 s/f cold storage facility
Enfield, CT ARCO National Construction (ARCO) partnered with Winstanley Enterprises to complete a 501,500 s/f cold storage facility for end-users Agri-Mark and Eppendorf. Agri-Mark, a premier dairy farmer cooperative in the Northeast, occupies 260,500 s/f of the facility, with the remaining portion occupied by Eppendorf
Alta Construction Equipment leases 13,592 s/f in two buildings for $2.209 million
Berlin, CT Alta Construction Equipment New England, LLC has leased 13,592 s/f in two buildings on approximately 4.3 acres at 1897 Berlin Tpke. for 10 years from landlord 1897 Berlin Turnpike, LLC for $2,208,900. Alta began in 1984 with a single location in Detroit. Since then, Alta has grown to 62 locations throughout the Midwest, Northeast, and Florida.
Marcus and Millichap brokers sale of two properties totaling 84,698 s/f
New Britain, CT Marcus & Millichap completed the sale of The Bleu, a 63-unit multifamily property in New Britain and 11 Forest St., a 16-unit 15,312 s/f apartment property in Stamford. “New Britain continues to be an excellent alternative to the more affluent surrounding municipalities,” said Eric Pentore, senior vice president investments.
Press/Cuozzo completes two transactions totaling $865,000
Hamden, CT Stephen Press, SIOR, co-principal of Press/Cuozzo Commercial Services, has completed the sale of the following properties: • 2524 & 2536 Dixwell Ave., a 1,900 s/f commercial building set on .64 acres in Hamden, was sold on July 6th at $450,000 with Press representing the ownership/seller, TCE Holdings, LLC. The buyer, 2524 Dixwell, LLC, was represented by Renee Stevens.
NEPCG completes $8.1 million sale of the Brook & Middle Portfolio
Bristol, CT Northeast Private Client Group (NEPCG) has completed the sale of the Brook & Middle Portfolio, multifamily investment properties. Senior vice president Brad Balletto and senior associate Bob Paterno represented the seller and procured the buyer in the transaction.