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Stamford Three-Story Office Building Sells for $2.15M
According to the Hartford Business Journal, a three-story office building located at 1150 Summer Street in Stamford was sold for $2.15 million. The property spans 23,778 square feet and was purchased by Summer Ep LLC. The seller, Eleven 50 Summer ST ASSOC LTD, had previously acquired the building in 1992for$1.5 million. The building was appraised at $3.73 million in 2024 and was listed for $2.5 million before the sale.
Study Estimates Up to $333.87M to Redevelop Hartford’s Former Trash-Burning Site
According to the Hartford Business Journal, Hartford’s South Meadows site spans 80 acres and formerly hosted a trash-burning facility operated by the Materials Innovationand Recycling Authority until its closure in 2022. Preparation for redevelopment could cost between $27.87 million and $333.87 million depending on the buildings demolished and intended land use, with residential redevelopment requiring the highest investment due to environmental concerns and moving an Eversource electrical substation. The property’s extensive industrial history and high-voltage infrastructure pose challenges, but cleanup efforts could unlock its potential for housing, commercial, or industrial purposes. Redevelopment plans are contingent on funding, detailed design, and approvals, as the site awaits a transformation aligned with Hartford’s economic goals.
Crystal Rock Water Co. Warehouse in Stamford Sold for $3.5M
According to the Hartford Business Journal, a two-story, 22,813-square-foot warehouse at 313 Long Ridge Road in Stamford was sold by the estate of its former owner for $3.5 million to BHD CT Realty LLC. The property, built in 1967 and appraised at $3.46 million, sits on a 1.8-acre parcel and is currently leased by Crystal Rock Water Co., with an option to renew for another five years. Stamford zoning regulations now permit up to 11 housing units on the site due to a 2024 amendment, enhancing the investment potential of the property.
Atlantic Audiology Purchases Westerly Medical Office Condo for $400K
According to the Providence Business News, Atlantic Audiology Inc. has purchased a 2,000-square-foot medical office condominium located at 35 Wells St., Unit 2, Westerly, for $400,000. The property, part of the Champion Medical building, was most recently assessed at $425,200 and sold by Ascioti-Vincunas LLC to MMG Holdings LLC, which acted on behalf of Atlantic Audiology.
NY Realty Investor Expands CT Portfolio with Downtown Hartford Office Tower Mortgage
According to the Hartford Business Journal, Namdar Realty Group has purchased the mortgage on the 30-story, 340,247-square-foot Goodwin Square office tower in downtown Hartford at 225 Asylum St. The mortgage, with a balance of $28.25 million, was sold by M&T Bank, even though the building’s current owner is up to date on loan payments. The office tower, which is about 76.1% leased, has faced challenges in tenant recruitment due to limited investments in improvements. The acquisition adds to Namdar’s portfolio of properties, which includes several malls in Connecticut, as the downtown Hartford office market continues to struggle with high vacancy rates.
Beardsley Park Plaza in Bridgeport Sold for $2.25M
According to the Hartford Business Journal, Beardsley Park Plaza, located at 2652 East Main Street in Bridgeport, has been sold for $2.25 million to 2652 Group LLC. This single-story, 9,028-square-foot commercial property, built in 1993, sits on a 0.58-acre parcel and features four retail spaces. Previously purchased for $1.08 million in 2010 by Petra Realty LLC, the building has an appraised value of $1.34 million and is assessed at $940,160. The sale reflects ongoing activity in the local commercial real estate market.
According to the Hartford Business Journal, a 19,800-square-foot manufacturing building located at 111 Holmes Road, Newington, has been sold for $2.35 million. The property, situated on 2 acres and built in 1960, previously housed aerospace component manufacturer Integral Industries. The sale reflects the building’s historical significance within the aerospace manufacturing sector, following Enjet’s 2022 acquisition of Integral, which expanded its North American footprint and strengthened its position in premier engine platforms. The transaction further highlights continued activity in Connecticut’s industrial real estate market.
Bristol Industrial Complexes Sell for $5.65M to NY Investor
According to the Hartford Business Journal, two industrial complexes in Bristol at 550 and 575 Broad St. were sold for $5.65 million to Brooklyn-based Bristol NYCEB LLC. The properties include an 8.6-acre site with three brick mill buildings totaling 87,426 square feet and a 14-acre site with four mill buildings measuring 235,687 square feet. The new ownership plans to invest significantly in energy efficiency and infrastructure improvements while retaining existing tenants, primarily local manufacturers. An additional $6 million deal involving other property and substantial upgrades is part of the investment strategy for modernizing these facilities.
Cheshire Office Building Purchased by Top CT Restaurateur
According to the Hartford Business Journal, VR Offices LLC purchased a 48,000-square-foot office building at 1781 Highland Ave., Cheshire, for approximately $3.35 million. The property, built in 1987, was sold by Woodgreen Cheshire LLC and is intended to initially serve as overflow parking for a nearby restaurant owned by the buyer. The previous owner had acquired the building in 2007 for $4.3 million. The transaction involved $8,375 in local and $41,875 in state conveyance taxes.
According to the Hartford Business Journal, Landmark Properties has acquired a 1.56-acre site at 134 North Eagleville Road near UConn’s Storrs campus to develop a 738-bed student housing project called The Mark Mansfield. The project includes 7,000 square feet of retail space to house the Huskies Tavern, currently on the site, and construction is slated to begin later this year. This property is Landmark’s second in the Storrs area, as the developer aims to address UConn’s growing housing demand following record enrollment in 2024 and changes in the university’s on-campus housing policies. The site’s location offers pedestrian access to UConn’s academic buildings, student center, and athletic complexes.
Two-Story Norwalk Office Building Sells for $1.17M
According to the Hartford Business Journal, 99 Beaj LLC recently acquired a 4,337-square-foot office building at 99 Main St., Norwalk, for $1.17 million. The two-story property, built in 1940 and appraised at $639,730 in 2023, features five office spaces, three bathrooms, a kitchen, an outside deck, and a semi-finished basement of 2,652 square feet. Previously purchased for $525,000 in 2005, the fully renovated building retains its historic brick-and-iron exterior with modernized interiors. The property was sold by 99 Main St LLC, with details showcasing its blend of historic charm and updated functionality.
Qdoba Franchise Eyes Aggressive Expansion in CT and Springfield
According to the Hartford Business Journal, Qdoba plans to expand its presence in Connecticut and Massachusetts by opening 15 new restaurants under a franchise agreement with PFGS LLC. The San Diego-based chain, which currently operates one Connecticut location in Norwalk, aims to strengthen its foothold in the Springfield and Hartford markets. This expansion aligns with Qdoba’s nationwide strategy to establish 33 additional locations.
Wilton Office Building Sells to Shelton Developer for $1.78M
According to the Hartford Business Journal, a two-story, 41,961-square-foot office building at 88 Danbury Road, Wilton, has been purchased by R.D. Scinto Inc. for $1.78 million. Previously owned by Furst Properties LLC and appraised at $7.45 million, the property sits on 3.98 acres. The developer acquired the building to house professional-service tenants relocating from a nearby property it also owns, which now primarily hosts an orthopedic group.
Greenwich Office Building Targeted for Apartment Conversion
According to the Hartford Business Journal, Greenwich Park LLC plans to convert a two-story, 42,011-square-foot office building at 18 Valley Road, Greenwich, into a four-story apartment complex. The renovated property, valued at $16.8 million and spanning 80,024 square feet, would feature 46 residential units, including moderate-income apartments, with 88,634 square feet of living space. The design includes one lower level of parking with 70 covered spaces, as well as eight uncovered spaces, while maintaining the existing sub-grade parking area.
Barnes Group Sells Large Bristol Manufacturing Campus to Max Kothari for $6.2M
According to the Hartford Business Journal, a Hartford-based kitchen furnishings maker has acquired a 15-acre property at 18 Main St., Bristol, for $6.2 million from Barnes Group. The site includes a 58,804-square-foot, four-story office and warehouse building from 1928 and a 224,977-square-foot manufacturing building from 1970. The buyer intends to repurpose the vacant campus into a distribution hub with high-tech manufacturing, corporate offices, and a 10,000-square-foot retail outlet.
Special Taxing District Proposed for Port Eastside Development in East Hartford
According to the Hartford Business Journal, a proposal to transform East Hartford’s Founders Plaza office park into the “Port Eastside” development could benefit from property tax funding. Investors have already spent millions acquiring five properties within the 30-acre office park for the project, which includes about 1,000 multifamily units and 400,000 square feet of commercial space. A bill is being considered by state lawmakers to create a special taxing district that would use tax increment financing to fund infrastructure improvements. The development, introduced as an $841 million investment, includes plans for utilities, roads, a greenway, and more.
According to the Providence Business News, a medical office building at 825 North Main St. in Providence, featuring 21,000 square feet of working space and two levels of parking, has recently been sold for $7.9 million. The property, which includes 0.92 acres of land, hosts several healthcare tenants such as NorthMain Radiation Oncology and University Oral & Maxillofacial Surgery. Sold by Beacon Realty Co. LLC and bought by EGMP 825 N Main LLC, the building is located in a C-2 commercial zone near the Branch Avenue exit on Interstate 95. This property, constructed in 1960, was most recently valued at $2.57 million by Providence property assessors.
According to the Hartford Business Journal, 1290 Summer Street LLC has purchased a five-story, 42,921-square-foot medical office building at 1290 Summer St. in Stamford for $4 million. The building, which sits on a 0.8-acre lot encompassing 1290 Summer St. and 189 Franklin St., features 118 parking spaces and is near major highways and healthcare facilities. The property was previously bought for $12 million in 2015 and is appraised at $8.37 million, with the new owner planning to transform it into a premier health destination to enhance medical services in Stamford.
According to the Providence Business News, the Tiverton Town Council approved the sale of 72 acres of Industrial Park land for over $1.26 million to Longplex Family & Sports Center. Longplex has been attempting to purchase this land for years to expand its operations at 300 Industrial Way. The property is intended to support the expansion of Longplex’s 187,000 square foot sports and family center.
Sentry Commercial is pleased to announce that GR Creamery Wholesale, LLC has leased 45 Russell Road, East Granby CT. The 9,144 SF on industrial building on 3.47 acres is owned by 45 Russell Road East Granby, LLC.
Sentry Commercial represented the tenant and Cushman & Wakefield represented the landlord in this transaction.
