Northeast Private Client Group sells mixed-use property for $3.125 million

Fairfield, CT Northeast Private Client Group (NEPCG) has completed the sale of a five-unit 6,764 s/f mixed-use property located at 1903 Post Rd. Senior vice president Brad Balletto, vice president of brokerage Robert Paterno, and senior associates Rich Edwards and Jeff Wright represented the seller and procured the buyer in the transaction

Connecticut CCIM Chapter installs 2024 chapter officers and directors

New Haven, CT The CCIM Connecticut Chapter is pleased to announce that Stephanie Coleman, CCIM, of CBRE, has been installed as chapter president for 2024. The chapter also installed the following officers and board of directors:

Cullen of Chozick Realty brokers sale of Sunset Terrace Apartments - $2.1 million

Essex, CT Chozick Realty Inc. has facilitated the sale of the Sunset Terrace Apartments for $2.1 million. Tess Cullen, a real estate professional, served as the sole broker for this transaction. Sunset Terrace Apartments is a property in a prime location consisting of 19 units. The unit mix includes one studio, 14 one-bedroom apartments, and four two-bedroom apartments.

Newmark secures 4,824 s/f lease expansion for Fisher Footwear office

Greenwich, CT Newmark has secured a 4,824 s/f lease expansion for Marc Fisher Footwear at Shelbourne’s 777 West Putnam Ave. The expansion adds to the brand’s 62,077 s/f space at the property, bringing it to nearly 70,000 s/f. Newmark executive vice president and managing director James Ritman and managing director Ben Goldstein

Clarion Partners inks over 64,000 s/f of leases at Merritt 7

Norwalk, CT Clarion Partners, LLC and Marcus Partners completed over 64,000 s/f of newly signed leases at Merritt 7 Park, including Kantar Group, a global data and marketing company, forest industry group Metsa, and Paris-based Ipsos, a leader in market research and consulting

Chozick Realty facilitates sale of multifamily
community for $30 million

Griswold, CT Investment broker, Chozick Realty Inc. has facilitated the sale of Pleasant View Estates, a newly constructed 102-unit townhouse multifamily community. The closing price for Pleasant View Estates was $30 million. Chozick Realty’s Rick Chozick commenced marketing efforts for Pleasant View Estates when the property construction was 75% complete.

Svigals + Partners and RJ Development complete 203-unit aptartment building

New London, CT A new multifamily rental community built on the corner of Hamilton and Howard Sts. is bringing new life to the neighborhood with market-rate residences. The Beam was designed in two phases by architecture, art and advisory firm Svigals + Partners with RJ Development, the new five-story, wood-framed residence orients northward to downtown

Worth Avenue Capital closes $100,000 loan

Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $100,000 commercial loan to a Connecticut based real estate investor. The loan proceeds were used for working capital purposes and the loan is secured by a blanket mortgage on four separate properties including two commercial condominiums in Greenwich, with an underlying LTV of approximately 60%. The aforementioned condo complex is fully leased by various dental and periodontist practices.

A.P. Construction Company breaks ground on $22 million Boys & Girls Club project

Greenwich, CT A.P. Construction Company (APC) has broken ground on the new construction and renovation project for the Boys & Girls Club of Greenwich to expand and enhance its facility.  Governor Lamont and other officials were in attendance for the groundbreaking ceremony held on October 23^rd. The clubhouse was built in the 1930s and this is the club’s first major renovation project in nearly 20 years. 

NAI Glickman Kovago & Jacobs brokers $1.1 million sale of 18,000 s/f industrial building

Putnam, CT Holzknecht Holdings LLC sold its 18,000 s/f industrial facility at 1 Ridge Rd. to Dandeneau Properties LLC. NAI Glickman Kovago & Jacobs (NAIGKJ) vice president, Jeff Borus, represented both parties in the transaction saying, “This transaction represents a significant step forward for both parties. Putnam Plastics, an engineering and manufacturing company that specializes in polymer tubing used in medical devices, will occupy the building.