Connecticut

CBRE brokers $10 million sale of 50,880 s/f office building in Fairfield

Fairfield, CT CBRE has completed the $10 million sale of a boutique office building located at 2150 Post Rd. The CBRE team of Jeffrey Dunne, Steven Bardsley, David Gavin, Jeremy Neuer, Gene Pride and Stuart

Cushman & Wakefield leases 220,000 s/f to Nuvance Health Systems at The Summit at Danbury

Danbury, CT Continuing the turnaround of the one-time Union Carbide world headquarters, Summit Development and Crestline Investors in partnership with the Rizzo Companies, have signed a lease with Nuvance Health Systems for 220,000 s/f at The Summit at Danbury.

George J. Smith & Son sells 1.5 acres on Rte. 44

Putnam, CT According to DeForest Smith, CCIM, SIOR president of George J. Smith & Son Commercial and Investment Real Estate, his firm has sold 1.5 acres on Rte. 44. This land is part of a $2 million development with Burger King

Russell of H. Pearce Commercial brokers $675,000 sale of 18,168 s/f ind’l./whse.

West HAVEN, CT Carl Russell, CCIM, SIOR, senior commercial broker of H. Pearce Commercial Real Estate has sold 40 Front Ave. for $675,000.  This 18,168 s/f light industrial and warehouse building

Construction industry forecast: Cloudy with a chance of sun - by Lisa Andrzejewski

Although 2020 was a year of change and uncertainty, the construction industry adapted. Demand increased in certain industry segments, such as medical and transportation, which continued to offer a high volume of work, but was reduced in others that were shuttered by the pandemic

CCIM CT Chapter names new 2021 officers

Guilford, CT The Connecticut Chapter of CCIM Institute names named its new leadership team for 2021. M. Augustus (Gus) Ryer, CCIM, of Ryer Associates Commercial Real Estate in Danbury will serve as the 2021 president of the Connecticut Chapter.

Featured Property of the Month: North Broadway Development’s new construction townhouses in the Riverside section of Greenwich now 100% leased

Greenwich, CT According to North Broadway Development, Academic Co-Realty Services has been retained to represent the sale of four luxury townhouses at 8 Sound Beach Ave. Extension in the Riverside section of town.

TruNORTH Construction to begin $7m The Offices at Addison Square

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.

JLL Capital Markets sells 900 Long Ridge Rd. for $27.25 million

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.

Davis Marcus Partners sells 75,000 s/f 60 Danbury Rd. for $17.1 million - purchased by Wilton Medical Realty

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.