Norwalk, CT Meridian Capital Group arranged $17.5 million for the refinance of SONO 50, a class-A office property. The seven-year loan, provided by a regional bank, features a rate of 3.6% and one year of interest-only payments. This transaction was negotiated by Meridian managing director, Tamir Kazaz, and vice president, Eli Finkel.
Hartford, CT Developer RMS Companies’ founder and CEO Randy Salvatore, mayor Luke Bronin, and a delegation of stakeholders and state and city leaders celebrated the long-anticipated start of construction of the $50 million first phase of the Downtown North redevelopment project. The groundbreaking officially launched work on the buildings going up on Parcel C of the project
East Haven, CT Connecticut officials and WinnCompanies celebrated the opening of The Tyler, an award-winning mixed-income apartment community for seniors that will be the first historic adaptive reuse project in the United States to meet the industry’s strictest standards for energy performance. Built under the direction of WinnDevelopment within the three-story core of the 84-year-old former East Haven High School building
East Hartford, CT CBRE has secured a $4.55 million first mortgage to finance a prior all-cash acquisition of an industrial property located at 127 Park Ave. The loan was provided by Symetra, a national life insurance company. CBRE’s Donna Falzarano and James Gunning sourced the financing and represented the borrower, ND XXXI LLC, in the negotiations.
Norwalk, CT Kenne Shepherd Interior Design Architecture, PLLC (KSI) has opened their second store for Canadian furniture retailer EQ3 in Brookfield Property Retail’s SoNo Collection Mall, EQ3 continues their U.S. expansion. EQ3’s 9,500 s/f store is located on the second floor of the mall across from Bloomingdale’s and is strategically positioned to capture shoppers as they arrive on the floor.
Storrs, CT BOND Building Construction, Inc. (BOND Building) has completed work on the Central Utility Plant (CUP) project for the University of Connecticut (UConn). BOND Building constructed a more efficient and flexible chiller plant and upgraded the existing units that were under-performing as demand increased. The CUP was completed in support of UConn’s broader initiatives aimed at expanding hi-tech teaching, learning, and research capabilities with an increased focus on STEM.
Stamford, CT Newmark in conjunction with Yaraghi Realty LLC completed the purchase of Stamford Town Center from Rich-Taubman Associates for an undisclosed amount. Newmark’s managing director Christian Bangert was the sole buyer’s representative for Yaraghi Realty in the transaction while a team led by Christopher Hoffmann and Steven Livaditis of Eastdil Secured represented the sellers.
Guilford, CT The Geenty Group Realtors reports two leases at 1 Shoreline Dr. The tenant for both leases is Pexagon Technology, Inc. Brian Campbell is the president. They have entered into a 10-year lease for a 10,880 s/f unit, and have also leased another unit of 4,380 s/f. They will use the spaces for their warehouse and laser printing operations.
Bridgeport, CT Viking Construction has received its 11
th Excellence in Construction Award from the Associated Builders and Contractors of Connecticut. The award recognizes Viking’s work as general contractor on the $34 million Willow Creek residential project in Hartford. Viking received the honor virtually at the CT-ABC’s annual Excellence in Construction award event held October 22
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Stratford, CT The industrial warehouse facility at 280 Garfield Ave. has been leased to Connecticut Distributors, Inc. (CDI). The 27,156 s/f building will be used for storage and distribution. Bill Steindl, director of business logistics at CDI, said, “Our business has been steadily growing over the last few years as we have attracted more suppliers to distribute their brands.
