According to the Hartford Business Journal, RJR Realty Associates LLC sold a 27,200-square-foot light industrial building located at 219 Industrial Lane in Torrington for $1.25 million. The property spans 4.85 acres and was purchased by a Waterbury-based LLC. Originally built in 1984, the building last changed hands in 1998 for $1.07 million. Click Here: Torrington […]
Market
According to the Hartford Business Journal, Encompass Health Rehabilitation Hospital of Branford LLC has filed a certificate of need application to construct a $69.5 million, 50-bed inpatient rehabilitation facility at 596, 612, and 616 East Main Street in Branford. The proposed one-story hospital would span 54,765 square feet and include private rooms, therapy areas, and […]
According to the Hartford Business Journal, Prestige Management LLC, Azura CT1 Holdings LLC, and a Brooklyn-based investor jointly acquired two office buildings at 360 and 384 Merrow Road in Tolland for $6 million. The properties, built in the late 1980s, total 33,126 square feet and sit on 11.6 acres. One building spans 27,668 square feet […]
According to the New England Real Estate Journal, JK Equities has broken ground on the Blackstone Distribution Center, a 160,000-square-foot Class A industrial facility located at 1 Moshassuck Street in Pawtucket, Rhode Island. The project sits on a strategically positioned site near I-95 and includes 25 loading docks, 28 trailer stalls, over 100 parking spaces, […]
According to the Providence Business News, a bill proposing tax incentives for data center development in Rhode Island was tabled in May after the R.I. Division of Taxation raised concerns. The legislation, backed by the Data Center Coalition, aimed to exempt sales and use taxes on equipment and materials used in qualifying facilities. The proposal […]
According to the Hartford Business Journal, V2 Capital Shelton LLC, affiliated with Westport-based V2 Capital Management, acquired the Hampton Inn Shelton for $17.5 million. The six-story, 84,000-square-foot hotel at 695 Bridgeport Avenue sits on 3.06 acres and includes 125 rooms. The property was previously purchased in 2022 by 695 Bridgeport Hotel LLC for $10.5 million […]