Glastonbury, CT TruNORTH Construction secured approvals from the town to begin the construction of a $7 million office condominium complex. The Offices at Addison Square will consist of 18, customizable units that are available for purchase.
Stamford, CT JLL Capital Markets has closed the $27.25 million sale of 900 Long Ridge Rd., a two-building, Class A office complex totaling 224,000 s/f. JLL represented the seller, a Fortune 100 company, in the transaction. Monday Properties, a national real estate investment firm, purchased the asset.
Wilton, CT Davis Marcus Partners has sold 60 Danbury Rd., a 75,000 s/f office building within Wilton Corporate Park. The purchaser is Wilton Medical Realty, a special purpose entity affiliated with Constitution Surgery Alliance, the developer and manager for the intended medical use project. The transaction closed at $17.1 million.
Stratford, CT Chris O’Hara, senior vice president of Coldwell Banker Commercial NRT Inc., represented PFP LLC in the sale of a 19,857 s/f warehouse/office showroom to CarRite Realty, LLC located at 2095 Barnum Ave. for $1.5 million.
Groton, CT Steve Pappas and Tom Boyle of Chozick Realty Inc., have facilitated the sale of Phoenix Apartments. The 96 unit apartment complex brought a price of $10.5 million or $109,375 per unit.
Norwalk, CT Worth Avenue Capital, LLC closed a $1 million commercial loan for a Fairfield County based real estate developer/builder. The loan proceeds will be used towards the initial stages of construction for a new apartment complex.
Madison, CT Kristin Geenty, president of The Geenty Group, Realtors, sold a 1,126 s/f condominium unit at 149 Durham Rd. The sale price was $77,500. The sellers are Donald and Monica Weeks. The buyers are Harold and Melissa Hartmann. They will use the unit for public accounting offices of Hartmann & Company, Inc.
strong>New Haven, CT Arbor Realty Trust, Inc. funded 12 transactions in Conn. and Georgia in partnership with Netz Capital Management and Tower Funding. The properties, comprised of 402 units, received $30.1 milion in financing.
Southington, CT Thomas Wilks and Andrew Hale of OR&L Commercial, LLC has sold an office/bank building at 158 North Main St. The property is a 2-story, 5,284 s/f former bank on 1.03 acres. The location was formerly occupied by People’s United Bank
WESTPORT, CT Daniel Neaton represented O’Halloran Realty Company Associates in the sale of 270 Saugatuck Ave. The brick and stone office building is zoned for commercial use and was the former headquarters to William Phelps Eno and Eno Foundation in the late 1800s.
