Category: Connecticut

Guilford, CT The CCIM Connecticut Chapter made known the recipients of the Carl Russell/Stan Gniazdowski and Wayne D’Amico Named Education Scholarships. The scholarship

Windsor, CT Condyne Capital, plans for a transformative redevelopment project at the former Konica Minolta building located at 500 Day Hill .

North Haven, CT Stephen Press, SIOR , president of Press/Cuzzo Realtors said that his associate, Susan Criscuolo, has leased 85 Defco Park Rd. The 15,000 s/f building is sited on a three-acre lot allowing for on-site vehicle storage.

North Haven, CT O,R&L Commercial has completed an industrial lease located at 1 Corporate Dr. Harvest Beverage has leased 20,000 s/f of industrial space as part of its growth

Greenwich, CT IZO Capital, a lending platform specializing in new rental housing development construction financing solutions, today announced the launch of a $120 million fund

North Haven, CT According to Stephen Press, SIOR, of Press/Cuozzo Realtors, his associate, Susan Criscuolo, has leased 85 Defco Park Rd. The 15,000 s/f building is on a three-acre lot

Hartford, CT Talonvest Capital, Inc. has arranged a $40.2 million refinance loan for a five-property self-storage portfolio on behalf of long-standing client, William Warren Group.

North Branford, CT Bob Horvath, Todd Tremblay, Matt Nadler, and Ryan O’Rourke of Horvath & Tremblay have completed the sale of a Starbucks in North Branford, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2.519 million.

Ansonia, CT Zelco Properties & Development and The Grossman Companies have completed the acquisition of Ansonia Shopping Center, a 175,000 s/f retail shopping center located at 403 – 495 Main St. and 75 Tremont St.

Trumbull, CT The former Trumbull Printing Company property at 205 Spring Hill Rd. has been sold. The purchaser is BACO Enterprises from Bronx NY. The sales price was $6.4 million or $112.28 per s/f. The property consists of 57,000 s/f on 6.9 acres.

National Context: Niche commercial real estate sectors – medical office, net lease, self-storage, and student housing – are moving from the fringe to the core of institutional portfolios. As traditional office markets post diminished value expectations and soft tenant retention, the niche category is moving in the opposite direction, drawing capital that seeks defensive income and predictable cash flow.

Orange, CT Carl Russell of Pearce Real Estate has secured a long-term lease for 507 Boston Post Rd. The commercial real estate transaction will bring an emergency veterinary clinic to the town, augmenting existing veterinary practices in the general area.