According to the Hartford Business Journal, TC Greens Farms LLC has acquired the office buildings at 55 and 57 Greens Farms Road in Westport for $25 million, a combined 181,761‑square‑foot portfolio on 21.9 acres. The seller, 1735 Ashley LLC, had purchased the properties for $32.6 million in 2018, and town records list a current appraised […]
Market
According to the Hartford Business Journal, the owner of 1–3 Mill Pond Lane in Simsbury has submitted a preliminary plan to rezone the 3.4‑acre property to allow a mixed‑use redevelopment that adds 14 two‑bedroom townhome units alongside the existing 14,000‑square‑foot office building. Click Here: Simsbury office property owner wants to add housing units to Mill […]
According to the Hartford Business Journal, a 59,153‑square‑foot industrial building at 29 Industrial Park Road in New Hartford has sold for $4.2 million to a New York–based LLC . The single‑story facility, built in 1979 with a 2006 addition, sits on 8.8 acres within the Greenwood Industrial Park and was marketed with the existing specialty‑tape […]
According to the Hartford Business Journal, 66 Stony Hill LLC has acquired the 25,556‑square‑foot Mountain Laurel Plaza at 66–68 Stony Hill Road in Bethel for $3.2 million. The fully leased retail center, built in 1974, sits on 3.31 acres and is appraised at $3.19 million with an assessed value of $2.24 million. Click Here: Investors […]
According to the Hartford Business Journal, Connecticut’s new Connecticut Municipal Development Authority is preparing its first loan, a $9.36 million, 3% financing package, to support a $53 million redevelopment of 3.8 acres at the former Bigelow‑Sanford mill site at 33 North River St. in Enfield. The project, led by Honeycomb Real Estate Partners and Grava […]
According to the Hartford Business Journal, General Dynamics Electric Boat is seeking up to $5 million in sales and use tax exemptions to support its redevelopment of the former Crystal Mall at 850 Hartford Turnpike in Waterford, where it plans to convert the property into engineering, training, and software‑development space for several thousand employees. A […]