West Haven, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., completed the following transactions. Richetelli and Fred Messore, SVP, represented the seller, Bart Realty, LLC, in the sale of 855 Boston Post Rd., consisting of three commercial buildings
Norwalk, CT JLL Capital Markets has arranged $107.25 million in acquisition financing for the purchase of The Waypointe, a multihousing property located at 515 West Ave. JLL worked on behalf of the borrower, Invictus Real Estate Partners, to secure the loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo
Westport, CT Cronheim Mortgage has arranged $13 million in leasehold mortgage financing to facilitate the acquisition of 8-10 Wright St., an 84,000 s/f, class A office building in the heart of downtown. The financing was arranged for a 10-year term with a 25-year amortization and has a rate reset at the end of the seventh year
Hamden, CT Stephen Press, SIOR, of Press|Cuozzo Commercial Services, has completed the sale of 335 Putnam Ave., a 46,500 s/f industrial building on 3.45 acres. The building had been converted to a call center in 1999 and operated in that capacity for many years, most recently by Frontier Communications.
Norwalk, CT Spinnaker Real Estate Partners has appointed Barry White to the new position of vice president of construction. Based in the New Haven Spinnaker office, White will lead the overall execution, budget, schedule and quality control from pre-construction to completion and close-out of primarily residential and mixed-used projects throughout the state.
Hartford, CT Hartford Habitat for Humanity has been selected as the Affordable Housing–Single-Family Detached category grand prize winner in the U.S. Department of Energy’s 2020 Housing Innovation Award Competition. The grand prize award was given in recognition for the work completed on Hartford Habitat’s Roosevelt St. home, which was the non-profit’s first Zero Energy Ready Home.
Stamford, CT According to Empire State Realty Trust, Inc., (ESRT) Berkley Insurance Co. (BIC), a subsidiary of W. R. Berkley Corp., has signed a new lease through 2033 for 63,173 s/f at Metro Center. BIC, A+ rated by both Standard & Poors and A.M. Best, will occupy 1.5 floors in ESRT’s suburban 285,258 s/f flagship property, located at I-95’s exit 7, at the Stamford Transportation Center.
Bristol, CT Ralph Calabrese and Tony Valenti of R. Calabrese Agency, LLC completed the $1.3 million sale of six acres located at Mitchell St. and Pine St. The purchaser, Bristol Pine Developers, LLC, received approvals from the town to build 126 units of senior market-rate apartments on the site.
Milford, CT According to Barbara Pearce, chair and CEO of Pearce Real Estate, Jack Pritchard has joined as a commercial sales associate. “Jack comes to Pearce Commercial Real Estate with a financial and wealth management approach,” said Pearce. “We look forward to him having a productive and fulfilling career at Pearce.
Westport, CT According to Saugatuck Commercial Real Estate LLC, (SCRE) Laure Aubuchon and Penny Wickey were the exclusive real estate agents in the sale of 10 Bay St. The sale price was not disclosed. The 9,100 s/f fully-leased boutique office building, formerly owned by Leifer Properties, was sold to ACM Realty. This off-market transaction marked the second sale to ACM Realty by SCRE.
