Category: Connecticut

Greenwich, CT Jeffrey Dunne, Steven Bardsley, Travis Langer and Daniel Blumenkrantz of CBRE’s Institutional Properties represented the seller in the sale of 39 Lewis St., a 91% leased mixed-use CBD property in Greenwich, for $9.3 million ($545 per s/f) and 23 Old Kings Hwy., an 86% leased boutique

Windsor, CT Winstanley Enterprises LLC has acquired 200 Old Iron Ore Rd. The property was acquired for $122.3 million from German investor Deka Immobilien Investment GmbH and is leased to Amazon on a long-term basis. It was part of the open-ended real estate fund Deka-ImmobilienGlobal. The 1.071 million s/f fulfillment center, completed in 2014, is situated on an expansive 89.5 +/- acre site on Day Hill Rd.

Stamford, CT The Ashforth Company has appointed seasoned financial executive Melissa Sullivan as its chief financial officer. In July 2022, The Ashforth Company announced that its board of directors adopted an 18-month succession plan to promote Ryan Harvey to chief executive officer effective January 1, 2024. Until that time Ryan Harvey is co-CEO alongside Andrew Ashforth. 

Manchester, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of Charles Dr., a 67-unit multifamily property. “Manchester is home to a large population of renters working in the aerospace, healthcare, insurance and financial services, biotech, education and retail service industries,” said Victor Nolletti, IPA executive managing director investments.

Westport, CT Westport Tennis Club, 1696 Post Rd. East, installed a solar photovoltaic (PV) system on their roof using Commercial Property Assessed Clean Energy (C-PACE) financing. The 60.72 kW system is expected to save the facility more than $328,090 in avoided electricity costs over the 20-year financing term.

Greenwich, CT Houlihan Lawrence Commercial has completed approximately 5,300 s/f in commercial leases for four properties in Fairfield county. The lease transactions are: • 382 Greenwich Ave., Greenwich

Hamden, CT Stephen Press, SIOR, of Press|Cuozzo Commercial services has arranged the signing of a full floor, 2,500 s/f lease at the Meadowbrook Building, 2751 Dixwell Ave.

New Haven, CT The law firm of Neubert, Pepe & Monteith, P.C. (NPM) has welcomed attorney Amy Smith as an associate. Smith practices in the areas of trusts and estates, probate, and real estate law. She works with clients to develop estate plan incorporating succession planning for closely held entities to effectively coordinate business and estate plans.

Orange, CT The CT CCIM Chapter completed the following deals for the month for September: Carl Russell, CCIM, SIOR, of H. Pearce Real Estate was the cooperating agent in the sale of 401 Boston Post Rd. The 29,750 s/f building on 3.06 acres closed on July 20, 2023 for $4.1 million. 

Old Saybrook, CT The 4,920 s/f retail building at 233 Boston Post Rd. has been purchased by 233 Boston Post LLC, who will be leasing it to Fine Fettle for the cannabis dispensary’s fifth Connecticut location. The transaction was announced by Ron Lyman, CCIM, CEO of Lyman Real Estate Brokerage & Development

Windsor, CT Newmark has completed the sale of Windsor Court, a grocery-anchored shopping center. Newmark managing director Paul Penman of the firm’s Boston Capital Markets Group’s retail practice represented the undisclosed seller and procured the buyer, First National Realty Partners. Newmark co-head of U.S. Capital Markets Robert Griffin and managing director Jon Martin provided additional support on the transaction.

Stamford, CT Royal Properties, Inc. has arranged a 10-year lease for LaserAway with options at 2000 West Main St. (Rte. 1). LaserAway has leased 1,625 s/f in ShopRite Plaza, bringing the center to 100% occupancy. The center is situated off I-95 at the Old Greenwich and Stamford border and provides 540 parking spaces.