West Haven, CT Matt Nadler, Bob Horvath, Todd Tremblay and Jason Woods of Horvath & Tremblay have completed the sale of a Chick-fil-A. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,176,470 which represents a 4.25% cap rate.
Hamden, CT According to Stephen Press and John Cuozzo of Press|Cuozzo Realtors, Renee Stevens has been appointed to the board of directors for the New Haven Middlesex Association of Realtors for a two-year term. Stevens is a commercial real estate specialist with Press|Cuozzo Realtors and she has 30 years of experience in management,
Winsted, CT Marcus & Millichap has sold The Shops at Ledgebrook, a 105,499 s/f grocery-anchored shopping center. The property sold for $14.06 million. “In order to achieve the highest price on the income in place, we demonstrated the property’s upside potential to investors,” said Joseph French Jr.,
New Haven, CT JPA Designs, LLC, a real estate construction industry, begins an expanded range of services. Spearheaded by real estate construction veteran John Adamowski, the company introduces comprehensive solutions for new construction homes and commercial real estate projects.
Bridgeport CT National Multifamily brokered the sale of a contiguous seven-building, 16-unit portfolio located on Granfield Ave. and Palisade Ave. to a New York-based investor for $1.55 million. The deal closed on January 10
th. Company president Matt Cawley represented the seller and procured the buyer in the off-market transaction.
Milford, CT Dan Neaton of Saugatuck Commercial Real Estate (SCRE) represented Boot Barn in leasing their third Connecticut location at 1360 Boston Post Rd. The western-wear store plans extensive renovations to the interior of the former 11,000 s/f Rite Aid Pharmacy. Construction is planned to begin in early March with
Stamford, CT Newmark has secured a 10,464 s/f office lease at 2187 Atlantic St. With the transaction, Balysany Asset Management — Dmitry Balysany’s hedge fund — will occupy the class A property’s seventh floor. Newmark executive managing director Cory Gubner and managing director Benjamin Goldstein are the exclusive
Middlebury, CT Michaud Development Group has been awarded two HOBI Awards by the Home Builders & Remodelers Association (HBRA) of Connecticut for its Granite Woods 55+ community. The new development earned “Best Detached 55+ Community” and “Best Detached 55+ Home” at the 31
st Annual HOBI Awards
Wilton, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, have sold Avalon Wilton on River Rd., a 102-unit multifamily asset. “Avalon Wilton is an outstanding, 100% market-rate suburban asset within walking distance of Wilton Town Center and the Metro-North Railroad station,
Madison, CT Press|Cuozzo Commercial Services agent Renee Stevens has finalized the sale of 86 Bradley Rd. The 2,852 s/f office building, set on .23 acres, was well maintained, with off-street parking and located across from the Shoreline East train station.
