JLL Capital Markets closes $165m construction
financing for phase II of The Corbin District

Darien, CT JLL has closed on $165 million in construction financing for phase II of The Corbin District, a six-acre mixed-use development redefining downtown. JLL Capital Markets represented the sponsor, locally-based Baywater Properties, to secure a $102 million construction loan from Barings and $63 million in C-PACE financing from Counterpointe SRE.

Hinckley Allen welcomes real estate partners Mitchell and D’Aprile

Hartford, CT Hinckley Allen welcomes Thomas Mitchell and Daniel D’Aprile, Jr. as partners in its real estate practice group. Attorneys Mitchell and D’Aprile are key strategic additions that enhance the firm’s commercial real estate financing capabilities. They were previously partners at McElroy Deutsch, and will join the firm in the Hartford office.

Saugatuck Commercial Real Estate brokers 2,368 s/f three-year lease extension for Second Foundation Partners

Westport, CT Saugatuck Commercial Real Estate (SCRE) has arranged for the existing tenant, Second Foundation Partners, to sign a three-year lease extension for 2,368 s/f of office space on the second floor at 1835 Post Rd. East.

RXR arranges three leases at Atlantic Station totaling 40,000 s/f

Stamford, CT Real estate owner and operator RXR inked three new leases totaling 40,000 s/f at Atlantic Station. Located within the base of the luxury multi-tower project, the new retailers will provide dining, entertainment and shopping opportunities for both residents and the broader community.

WAC closes $200,000 commercial loan for fix and flip construction project

Stamford, CT Worth Avenue Capital, LLC (WAC) has closed a $200,000 commercial loan for a boutique construction company. The loan proceeds were used towards the purchase and renovation of a single-family house in which the borrower will be undertaking a fix and flip project on this property.

Vidal/Wettenstein brokers sale of 900 Sherman Ave. to Burt Process Equipment

Hamden, CT Vidal/Wettenstein, LLC has negotiated the sale of 900 Sherman Ave. This property has been part of a family for generations, and Vinny Massaro, who handled the property for his family, is grateful to see this property be redeveloped. This property was purchased by Burt Process Equipment, headquartered at 100 Overlook Dr.

Press|Cuozzo represents tenants in two leases totaling 48,573 s/f

North Haven, CT Stephen Press, SIOR of Press|Cuozzo has negotiated a 27,573 s/f industrial lease at 60 Dodge Ave. The high bay warehouse is a portion of the 132,264 s/f building which is set on 2.5 acres offering access to I-91. Press represented the tenant F+F Mechanical Enterprises on this long-term lease that commenced July 1, 2024.

CCIM Connecticut Chapter honors DealMaker award winners

The CCIM Connecticut Chapter hosted its annual DealMaker awards earlier this year,  recognizing the chapter’s Top DealMakers of 2023. Award recipients included: • The Commercial Real Estate Services award was given to Ken Ginsberg, CCIM of Houlihan Lawrence Wareck D’Ostilio for his business sale and lease at 470 James St. in New Haven;

Anderson, Delagrange, Melone, and Mesite named shareholders at Hoffmann Architects + Engineers

New Haven, CT Kristen Anderson, Bob Delagrange, Melissa Melone, and Rachel Mesite have accepted the Hoffmann Architects + Engineers’ offer to join in equity ownership of the company. Anderson, AIA is staff architect in New York. She joined Hoffmann in 2019 and holds a B.Arch.

Devli Real Estate acquires 176,000 s/f distribution facility through JLL

Beacon Falls, CT Devli Real Estate has acquired 158 Pines Bridge Rd., a 176,000 s/f distribution facility on 32 acres. The 176,000 s/f warehouse is located along the Rte. 8 corridor and offers access to interstates connecting to Boston and New York City. The property was acquired with 100% occupancy and aligns with strategic investment in higher-growth industrial markets.