According to the Hartford Business Journal, MB Financial Group acquired the 65.5-acre MassMutual office campus at 100 Bright Meadow Blvd. in Enfield for $3.99 million, with plans to redevelop it into a large-scale mixed-use residential community. The proposed master plan includes 307 apartments across repurposed office space and new construction, 169 townhouse units, 12,000 square […]
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According to the Hartford Business Journal, Grand Realty LLC purchased a 56,196-square-foot office building at 1 Greenwich Place in Shelton for $3.15 million. The property, built in 1978 and situated on 8.27 acres, was previously owned by Alpha SG LLC, which acquired it for $7.3 million in 2016. The new owner plans to renovate the […]
According to the Hartford Business Journal, the Wallingford Planning & Zoning Commission approved a 62,500-square-foot warehouse to be built on a 22.38-acre site at 15 Sterling Drive, which also houses a 174,000-square-foot Connecticut Lottery facility. The property is owned by Sapphire Group I51 LLC, which purchased it in 2018 for $5.65 million. The new warehouse […]
According to the Hartford Business Journal, a cannabis dispensary property at 895 Washington Street in Middletown was sold for $1.95 million. The 1,840-square-foot, single-story brick building sits on half an acre and was previously a Bank of America branch. Arctrust, a Clifton, New Jersey-based real estate investor, sold the property to an LLC affiliated with […]
According to the Hartford Business Journal, a one-story, 17,598-square-foot retail building at 907 High Ridge Road in Stamford was sold for $5.58 million. The property, built in 1968 and previously appraised at $3.28 million, sits on a parcel assessed at $2.3 million. It formerly housed a furniture retailer that plans to relocate to a 5,820-square-foot […]
According to the Hartford Business Journal, a Florida-based investor acquired a 4,686-square-foot commercial building at 1045 Kennedy Road in Windsor for $2.6 million. The property, situated on 1.5 acres, is currently leased to a major financial institution under a triple-net agreement. Click Here: Florida investor pays $2.6M for Windsor bank branch building for more information.