According to the Hartford Business Journal, UU CT MOB I LLC has acquired a 35,999-square-foot medical office building at 1152 Kings Highway Cutoff, Fairfield for $20.5 million. The one-story structure, built in 2019 on 1.6 acres, was previously owned by Fairfield Commons LLC, which had held the property since 1991. The building, home to Yale […]
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According to the Hartford Business Journal, state lawmakers have approved a $50 million fund to support the conversion of vacant commercial properties into new uses. The Greyfield Revitalization program, part of Gov. Ned Lamont’s capital budget, will provide grants or loans for redeveloping economically nonviable retail and office spaces. The $9.7 billion capital budget […]
According to the Hartford Business Journal, Hartford officials are shifting funds from a stalled $29.2 million mixed-use development in Parkville to support a hotel, parking garage, and artificial intelligence hub on a 3-acre site next to Dunkin’ Park. The Capital Region Development Authority plans to reallocate $1.5 million from the Parkville project, along with $500,000 […]
According to the Hartford Business Journal, ARC-AMS Wilton Owner LLC has acquired a 50,953-square-foot office building at 131 Danbury Road, Wilton for $13.1 million. The three-story structure, built in 1957 on a 4.74-acre parcel, was previously owned by FGI Wilton LLC. Wilton’s Planning and Zoning Commission approved a 208-unit apartment conversion for the site in […]
According to the Hartford Business Journal, developers have submitted a wetlands application to construct a 150,000-square-foot flex industrial building on a 13.3-acre site at 68 Newberry Road, East Windsor. The property, currently housing a 3,000-square-foot warehouse built in 1986, was purchased for $950,000 in 2007. Plans include demolishing the existing structure and replacing it with […]
According to the Hartford Business Journal, 1599 SE Road LLC has purchased a 21,600-square-foot retail building at 1599 Southeast Road, Farmington, for $3.375 million. The property, built in 1989 and renovated in 2008, sits on 1.42 acres and houses a Barnes & Noble Bookstore. The seller, Farmington South East RD LLC, had acquired the site […]