Market
Investor Acquires Windsor Locks Retail Property for $2.36M
According to the Hartford Business Journal, a 7,890-square-foot retail strip plaza at 209 Ella T. Grasso Turnpike in Windsor Locks has been sold for $2.36 million. The property, built in 2005 on 1.4 acres, was previously owned by a limited liability company affiliated with Springfield-based Colvest Group. The buyer, Zaina Property Group LLC, is registered in Hartford and acquired the site near Bradley International Airport as part of its commercial real estate portfolio.
Click Here: Windsor Locks retail strip sells for $2.36M for more information.
Fairfield Law Firm Acquires Office Building for $1.85M
According to the Hartford Business Journal, 1238 Post Road LLC has purchased a three-story, 5,002-square-foot office building at 1232 Post Road in Fairfield for $1.85 million. The property, built in 1908 with a saltbox roof structure, was previously owned by Mathanna of Connecticut LLC, which acquired it for $1.08 million in 2005.
Click Here: Fairfield attorneys buy office building for $1.85M for more information.
Historic Niantic Hospitality Property Sells for $3.2M
According to the Hartford Business Journal, the historic Morton House in Niantic, located at 215 Main St., has been sold for $3.2 million to ZDM Properties LLC. Built in 1868, the property has operated as a hospitality venue for over a century and includes weekly and monthly rental accommodations alongside a restaurant. The previous owner, Niantic Morton House LLC, had an appraised value of $1.3 million for the site as of 2021.
Click Here: Historic hospitality property in coastal village of Niantic sells for $3.2M for more information.
Home Healthcare Owner Acquires Westport Office for $1.56M
According to the Hartford Business Journal, 965 Post Rd LLC has purchased a three-story office building at 965 Post Road East in Westport for $1.56 million. The 7,248-square-foot structure, built in 1929 on a 0.37-acre parcel, was previously owned by 965 Post Road East LLC. The new owner, affiliated with American European Senior Care, plans to expand its home healthcare business into the building and add an apartment.
Click Here: Home healthcare services owner buys Westport office building for $1.56M for more information.
Brookfield Office Building Sells for $1.37M
According to the Hartford Business Journal, a two-story office building at 14 Fairfield Drive in Brookfield has been sold for $1.37 million. The 13,037-square-foot property, constructed in 1980, was purchased by Red Stapler B21 LLC from Raj Dominion LLC. The building, currently serving as the headquarters for Health Products For You, was previously acquired for $1.1 million in 2019.
Click Here: Two-story office building in Brookfield sells for $1.37M for more information.
Hartford Plans $1.6M Acquisition of Upper Albany Warehouse for Redevelopment
According to the Hartford Business Journal, Hartford Mayor Arunan Arulampalam is seeking approval to purchase a 66,549-square-foot warehouse at 51 Homestead Ave. and adjacent lots at 101 Homestead Ave. and 255 Garden St. for $1.6 million. The properties, owned by St. Francis Hospital, span over five acres and are located along a major corridor between West Hartford and downtown Hartford. The acquisition would give the city control of more than 6.5 acres in the Upper Albany neighborhood, supporting redevelopment efforts outlined in the Homestead Avenue Redevelopment Plan. The purchase is expected to be reimbursed through a state grant, with plans for revitalization guided by community engagement and urban planning initiatives
Click Here: Hartford eyes $1.6M purchase of Upper Albany warehouse, associated lots for redevelopment for more information.
Developer Proposes Multifamily, Starbucks, and Commercial Space at Vacant Windsor Offices
According to the Hartford Business Journal, two vacant office buildings at 1 and 10 Targeting Centre in Windsor are set for redevelopment into approximately 201 multifamily units, a Starbucks, and a 9,200-square-foot commercial building. The project, spanning 11.6 acres, is led by Litchfield-based Greenberg and Citicore Development Group, with Greenberg under contract to purchase one of the buildings for $2.3 million despite legal objections from the current owner. The first phase includes a crescent-shaped residential building with about 100 units, followed by the conversion of the existing office spaces into housing. The proposal is currently under review by the Town Planning and Zoning Commission, with construction expected to begin in 2026.
Click Here: Two vacant Windsor office properties eyed for multifamily redevelopment, a Starbucks and new commercial building for more information.
Proposal Aims to Repurpose Former CT Pepperidge Farm Site into Self-Storage Complex
According to the Hartford Business Journal, TVG Partners has proposed converting a portion of the former 118,100-square-foot Pepperidge Farm office and factory at 595 Westport Ave., Norwalk, into a 600-unit self-storage facility. The site, spanning 6.53 acres, includes 25,362 square feet of office space and 85,456 square feet of manufacturing space, with plans to repurpose the larger section into a three-story storage building while maintaining the office area.
Click Here: Developer proposes turning former CT Pepperidge Farm office/factory into 600-unit storage facility for more information.
Connecticut Chimney Company Relocates HQ to Berlin
According to the Hartford Business Journal, Spotless Chimney has purchased an 18,000-square-foot office and flex building at 124 White Oak Drive in Berlin for $1.77 million. The company will relocate its headquarters there, occupying over 13,000 square feet, while the remaining space is leased to other tenants. The property, built in 1990 on 3.05 acres, was previously owned by Oak Omega LLC, which acquired it for $1.395 million two years ago.
Click Here: CT-based chimney cleaning company relocating HQ to Berlin for more information.
Approved Mixed-Use Property in Newtown Sells for $2.4M
According to the Hartford Business Journal, a 3.48-acre parcel at 2, 4, 6, and 8 Riverside Road in Newtown has been sold for $2.4 million to a limited liability company controlled by buyers from Bethel. The property, previously owned by Vasam Associates LLC, has been approved for a mixed-use development featuring four buildings with 37 apartments and retail space. One of the parcels, located at 6 Riverside Road, contains a 1,614-square-foot house built in 1813, though plans for its future remain unclear.
Click Here: Newtown parcel approved for mixed-use development sells for $2.4M for more information.
WallPen Expands Footprint with East Greenwich Location
According to the Providence Business News, WallPen, a German printing technology company specializing in vertical surface graphics, has leased a 2,500-square-foot space in Greenwich Mills at 42 Ladd St., East Greenwich. The renovated mill complex, spanning over 100,000 square feet, sits near the Warwick town line and offers accessibility to major highways.
Click Here: WallPen opens new location in East Greenwich for more information
Hartford law office changes hands in $450K deal between firms
According to the Hartford Business Journal, RisCassi & Davis has sold its 8,900-square-foot office at 131 Oak St., Hartford, for $450,000 to De Castro Foden LLC. The two-story building, constructed in 1982 on a 0.3-acre lot, was listed for sale after the firm acquired an office in West Hartford to consolidate staff.
Click Here: Law firm sells Hartford office to another law firm for more information.
Bank of America closes one of its Connecticut branches
According to the Hartford Business Journal, Bank of America has closed its branch at 100 Federal Road in Brookfield, which held $148.7 million in deposits as of June 30, 2024. The decision aligns with the broader trend of banks reducing their physical footprints as more consumers transition to online banking. The closure contributes to the ongoing decline in the number of bank branches statewide, which fell by 3.2% in the past year.
Click Here: Bank of America closes CT branch for more information.
Former Windsor bank property trades for $1M
According to the Hartford Business Journal, a 2,100-square-foot retail property at 2100 Poquonock Ave., Windsor, has been sold for $1 million. The building, which sits on a half-acre lot and was constructed in 1980, was previously owned by Kushdatt Holdings 1 LLC. Windsor CT Spartans LLC purchased the property on March 28
Click Here: Windsor bank property sells for $1M for more information.
Former Norwalk autobody properties sells for $2.8M
According to the Hartford Business Journal, three commercial buildings at 7, 9, and 10 Van Zant St. in Norwalk, formerly occupied by Casale’s Autobody, have been sold for $1.8 million. The properties, built in the 1970s, include a two-story building at 7 Van Zant St. and single-story structures at 9 and 10 Van Zant St., totaling 9,000 square feet.
Click Here: Three former autobody shop buildings in Norwalk sell for $1.8M for more information.
$5M sale closes on newly built Caliber Collision property in Waterbury
According to the Hartford Business Journal, a newly constructed 12,096-square-foot Caliber Collision repair shop at 1200 Wolcott St. in Waterbury was sold for $5 million. The building, developed by Calito Development Group, replaced a former car dealership that the company purchased for $1.18 million and demolished last year. The property is covered under a seven-year tax break that initially sets its appraised value at $691,600 before gradually increasing to $1.2 million.
Click Here: Newly constructed Caliber Collision site in Waterbury sells for $5M for more information.
Potential Amazon deal signals continued momentum for Waterbury logistics center
According to the Hartford Business Journal, Waterbury officials plan to sell 17.3 acres of land in Naugatuck to Amazon.Com Services LLC for $325,000 to support a large-scale logistics facility. This site is adjacent to a 157-acre parcel that Amazon-affiliated developer Bluewater Property Group intends to transform into a 3-million-square-foot warehouse standing up to 130 feet tall. Bluewater previously agreed to purchase the larger parcel for $2.5 million, and construction is expected to begin soon with a planned June 2027 completion.
Click Here: Waterbury eyes selling 17.3-acres to Amazon, a sign of continued interest in 3M-sq.-ft. logistics development for more information
Liberty Bank to Shut Down Park Street Loan Office and ATM in Hartford
According to the Hartford Business Journal, Liberty Bank plans to close its satellite loan office at 2074 Park Street, Hartford, a 1,300-square-foot space leased since 2021. The decision is attributed to factors including the office’s underperforming ATM, which recorded 84% fewer transactions compared to the bank’s average. With the lease expired and nearby locations available, the closure will take effect on June 17, 2025, without impacting staff positions. Liberty Bank’s network includes over 55 locations, and this branch served clients by appointment only.
Click Here: Liberty Bank to close satellite loan office, including ATM on Park Street in Hartford for more information.
Stamford Office-Retail Building Sold to Immigrant Nonprofit for $2.36M
According to the Hartford Business Journal, a two-story office and retail building at 417 Shippan Avenue in Stamford has been sold for $2.36 million to Building One Community Corp. The property, constructed in 1975 on a 0.54-acre lot, features 4,777 square feet of retail space on the ground floor and 5,700 square feet of office space on the second floor. Previously appraised at $2.55 million in 2024, the building serves as the main location for the new owner, which relocated from a different Stamford address in 2022.
Click Here: Immigrant nonprofit buys Stamford office-retail building for $2.36M for more information.
Investor Acquires East Providence Self-Storage Site for $5.84M
According to the Providence Business News, a self-storage facility located at 3346 Pawtucket Ave., East Providence, has been sold for $5.84 million. Constructed in 2004, the property spans 17,550 square feet on a 2.54-acre lot and includes a 460-square-foot office space. Previously operated under the Go Store It brand, it is now managed by Storage Rentals of America following the sale by GSI Riverside 3346 to SROA 3346 Pawtucket RI.
Click Here: Self-storage facility in East Providence sells for $5.84M for more information.