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, 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
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.
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.
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.
Old Saybrook, CT The 4,920 s/f retail building at 233 Boston Post Rd. has been purchased by 233 Boston Post LLC, who will be leasing it to Fine Fettle for the cannabis dispensary’s fifth Connecticut location. The transaction was announced by Ron Lyman, CCIM, CEO of Lyman Real Estate Brokerage & Development
Windsor, CT Newmark has completed the sale of Windsor Court, a grocery-anchored shopping center. Newmark managing director Paul Penman of the firm’s Boston Capital Markets Group’s retail practice represented the undisclosed seller and procured the buyer, First National Realty Partners. Newmark co-head of U.S. Capital Markets Robert Griffin and managing director Jon Martin provided additional support on the transaction.
Stamford, CT Royal Properties, Inc. has arranged a 10-year lease for LaserAway with options at 2000 West Main St. (Rte. 1). LaserAway has leased 1,625 s/f in ShopRite Plaza, bringing the center to 100% occupancy. The center is situated off I-95 at the Old Greenwich and Stamford border and provides 540 parking spaces.