Category: Connecticut

Fairfield, CT Northeast Private Client Group (NEPCG) has completed the sale of a five-unit 6,764 s/f mixed-use property located at 1903 Post Rd. Senior vice president Brad Balletto, vice president of brokerage Robert Paterno, and senior associates Rich Edwards and Jeff Wright represented the seller and procured the buyer in the transaction

New Haven, CT The CCIM Connecticut Chapter is pleased to announce that Stephanie Coleman, CCIM, of CBRE, has been installed as chapter president for 2024. The chapter also installed the following officers and board of directors:

Essex, CT Chozick Realty Inc. has facilitated the sale of the Sunset Terrace Apartments for $2.1 million. Tess Cullen, a real estate professional, served as the sole broker for this transaction. Sunset Terrace Apartments is a property in a prime location consisting of 19 units. The unit mix includes one studio, 14 one-bedroom apartments, and four two-bedroom apartments.

Greenwich, CT Newmark has secured a 4,824 s/f lease expansion for Marc Fisher Footwear at Shelbourne’s 777 West Putnam Ave. The expansion adds to the brand’s 62,077 s/f space at the property, bringing it to nearly 70,000 s/f. Newmark executive vice president and managing director James Ritman and managing director Ben Goldstein

Norwalk, CT Clarion Partners, LLC and Marcus Partners completed over 64,000 s/f of newly signed leases at Merritt 7 Park, including Kantar Group, a global data and marketing company, forest industry group Metsa, and Paris-based Ipsos, a leader in market research and consulting

Griswold, CT Investment broker, Chozick Realty Inc. has facilitated the sale of Pleasant View Estates, a newly constructed 102-unit townhouse multifamily community. The closing price for Pleasant View Estates was $30 million. Chozick Realty’s Rick Chozick commenced marketing efforts for Pleasant View Estates when the property construction was 75% complete.

New London, CT A new multifamily rental community built on the corner of Hamilton and Howard Sts. is bringing new life to the neighborhood with market-rate residences. The Beam was designed in two phases by architecture, art and advisory firm Svigals + Partners with RJ Development, the new five-story, wood-framed residence orients northward to downtown

Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $100,000 commercial loan to a Connecticut based real estate investor. The loan proceeds were used for working capital purposes and the loan is secured by a blanket mortgage on four separate properties including two commercial condominiums in Greenwich, with an underlying LTV of approximately 60%. The aforementioned condo complex is fully leased by various dental and periodontist practices.

Greenwich, CT A.P. Construction Company (APC) has broken ground on the new construction and renovation project for the Boys & Girls Club of Greenwich to expand and enhance its facility.  Governor Lamont and other officials were in attendance for the groundbreaking ceremony held on October 23rd. The clubhouse was built in the 1930s and this is the club’s first major renovation project in nearly 20 years. 

Putnam, CT Holzknecht Holdings LLC sold its 18,000 s/f industrial facility at 1 Ridge Rd. to Dandeneau Properties LLC. NAI Glickman Kovago & Jacobs (NAIGKJ) vice president, Jeff Borus, represented both parties in the transaction saying, “This transaction represents a significant step forward for both parties. Putnam Plastics, an engineering and manufacturing company that specializes in polymer tubing used in medical devices, will occupy the building.

New Haven, CT Shawmut Design and Construction joined Yale Divinity School (YDS) on October 11 to officially break ground on the Living Village, a living building residence hall for divinity students. Set to open in 2025, the 45,000 s/f, 4.5-acre project will be the largest residential living building on a university campus anywhere and is designed to meet the standards of the Living Building Challenge (LBC), an international certification system that promotes sustainable design and construction.

Westport, CT Saugatuck Commercial Real Estate (SCRE) has completed leasing 100% of the property owned by Blackshaw Hunchar LLC at 1835 Post Rd. East. 1835 Post Rd. East is a three-building campus located across from Home Goods and Stop and Shop. 1,550 s/f was leased to Becca Interiors, a full-service interior design firm, 964 s/f was leased to Blossom + Stem Floral Design, a private floral studio