Connecticut

O’Hara of Coldwell Banker Comm’l. NRT sells 19,857 s/f - $1.5m

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.

Pappas and Boyle of Chozick sell 96-unit Phoenix Apts. for $10.5m

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.

Worth Avenue Capital arranges $1m loan

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.

Geenty Group, Realtors sells 1,126 s/f office condo

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.

Arbor funds multifamily loans totaling $30.1m in Conn. and GA

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. 

Wilks and Hale of OR&L Comm’l. sell 5,284 s/f bank site for $1 million

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

O’Halloran Realty sells 270 Saugatuck Ave.

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. 

Vidal/Wettenstein sells 515 Fan Hill Rd. - $1.2m

Monroe, CT The 17,860 s/f industrial building at 515 Fan Hill Rd. has been sold to the Redco Audio, Inc. The sale price was $1.2 million or $67.19 per s/f. The building had formerly been occupied by Stancor Pumps. Redco will be using the building for Redco Audio, SpaceLift Attic Lift, and Earmark Communications.

George J. Smith & Son sells 14,000 s/f office

Milford, CT Deforest Smith, CCIM, SIOR, president of George J. Smith & Son Commercial and Investment Real Estate sold a 14,000 s/f office on Broad St. at the head of Milford Green. The seller was 1639, LLC. The buyer, Diving Rock Partners, LLC is a group of local investors.

Neeson of Press/Cuozzo Comm’l. sells 2.3 acre parcel for $750,000

NORTH HAVEN, CT Stephen Press, SIOR, co-principal of Press/Cuozzo Commercial Services said that senior advisor, Joel Nesson arranged the sale of 356-360 State St. The combined sites, total 2.3 acres with 200’ frontage on State St, at a signalized corner.