Category: Connecticut

Stamford, CT Worth Avenue Capital, LLC (WAC) has closed a $200,000 commercial loan for a boutique construction company. The loan proceeds were used towards the purchase and renovation of a single-family house in which the borrower will be undertaking a fix and flip project on this property.

Hamden, CT Vidal/Wettenstein, LLC has negotiated the sale of 900 Sherman Ave. This property has been part of a family for generations, and Vinny Massaro, who handled the property for his family, is grateful to see this property be redeveloped. This property was purchased by Burt Process Equipment, headquartered at 100 Overlook Dr.

North Haven, CT Stephen Press, SIOR of Press|Cuozzo has negotiated a 27,573 s/f industrial lease at 60 Dodge Ave. The high bay warehouse is a portion of the 132,264 s/f building which is set on 2.5 acres offering access to I-91. Press represented the tenant F+F Mechanical Enterprises on this long-term lease that commenced July 1, 2024.

The CCIM Connecticut Chapter hosted its annual DealMaker awards earlier this year,  recognizing the chapter’s Top DealMakers of 2023. Award recipients included: • The Commercial Real Estate Services award was given to Ken Ginsberg, CCIM of Houlihan Lawrence Wareck D’Ostilio for his business sale and lease at 470 James St. in New Haven;

New Haven, CT Kristen Anderson, Bob Delagrange, Melissa Melone, and Rachel Mesite have accepted the Hoffmann Architects + Engineers’ offer to join in equity ownership of the company. Anderson, AIA is staff architect in New York. She joined Hoffmann in 2019 and holds a B.Arch.

Beacon Falls, CT Devli Real Estate has acquired 158 Pines Bridge Rd., a 176,000 s/f distribution facility on 32 acres. The 176,000 s/f warehouse is located along the Rte. 8 corridor and offers access to interstates connecting to Boston and New York City. The property was acquired with 100% occupancy and aligns with strategic investment in higher-growth industrial markets.

New Haven, CT Angel Commercial, LLC has completed the sale of the historic office property located at 27 Elm St. in New Haven for $1.525 million. The office building is 11,119 s/f and is situated on 0.31 acres. Brett  Sherman, CCIM

New Haven, CT XingImaging, LLC (a Mitro company), Revalia Bio, Inc., and General Biological Corporation, have selected Elm City Bioscience Center at 55 Church St. for their new locations. Occupying a total of nearly 40,000 s/f, these three companies will join the Bioscience Center’s community

Hamden, CT Mark Foreman of Press|Cuozzo has sold two contiguous industrial condominiums at 35 Corporate Ridge. Units 6 and 7 were 1,000 s/f each and closed at $252,000. Foreman represented the seller. Troy Clark, and Joe Scarpellino of Coldwell Banker represented the buyer

Windsor, CT Condyne Capital Partners and Polar Design Build are ready to install tilt up walls for phase II at Baker Hollow Logistics Center. All site work has been completed including the laying of utilities, foundation poured, and ground has been leveled.

Stamford, CT Tom Walsh, executive vice president of A.P. Construction Company, has received the Construction Institute’s David N. LaBau Lifetime Recognition Award. He will be honored at the Institute’s annual dinner and awards event on June 6, 2024.

Beacon Falls, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, has completed the sale of 185 residential units at Beacon Mill Village, a historic mill conversion completed in 1988.